One of the loudest voices of skepticism came from Credit Suisse, which said that the opening of Resorts World and The Drew \u2013 another large resort being built near the northern end of the Strip \u2013 \u201cis likely a 2021+ event.\u201d<\/p>\n
\u201cWe are still tracking initial opening by end of 2020,\u201d Genting Americans spokesperson Michael Levoff told the Las Vegas Review-Journal<\/em>.<\/strong><\/p><\/blockquote>\nGenting Far Behind Initial Target Date<\/strong><\/h2>\nThe vision for Resorts World Las Vegas dates back to 2013, when the Genting Group bought 87 acres of land from Boyd Gaming. But progress has slowed and stalled several times over the years: Genting initially planned to open a resort on the plot by 2016, but that date has been pushed back several times.<\/p>\n
Those previous setbacks are undoubtedly a major factor in the lack of confidence that analysts have in the latest estimates. There\u2019s also the fact that Genting will likely do whatever it can to make a great impression: this is the first time the company has built a casino in Nevada, and it will want to stand out against the stiff competition up and down the Strip.<\/p>\n
Once built, the resort is likely to target mid-market Chinese visitors, provided an escalated trade war doesn\u2019t make it difficult to attract those customers to the United States. The complex is being designed using Chinese themes, with a giant Chinese lantern on one tower and red and white patterning throughout the casino. Many of the smaller buildings are being designed in traditional Chinese styles as well.<\/p>\n
Genting has pointed to a number of specific construction goals on the way to a 2020 opening. The firm says that glass will begin to be installed this fall, while the first two towers will be topped out by fall 2019.<\/p>\n
In addition, not every aspect of the resort has to be ready to go in order for the facility to open. Many large casino projects launch in stages, and earlier comments have suggested that\u2019s the plan for Resorts World Las Vegas as well.<\/p>\n
\u201cThe first phase of RWLV will be done in stages and will include a hotel; multiple restaurants including a variety of authentic, regional Chinese cuisines; over 100,000 square feet of innovative gaming space, numerous retail offerings; and a top-tier nightlife venue,\u201d states the Resorts World Las Vegas website.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Genting Group has reiterated their plans to open Resorts World Las Vegas by the end of 2020, even as analysts have started to question whether such an early launch date is feasible at this point. The $4 billion Las Vegas resort will feature three towers on the north end of the Las Vegas Strip, […]<\/p>\n","protected":false},"author":42,"featured_media":86768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"\n
Resorts World Las Vegas On Track to Open in 2020, Genting Says<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n