The Las Vegas Strip has continuously changed since the entertainment mecca became famous at the dawn of the 19th century. Now more than a hundred years later, the strip is changing again with the development of a new mega-resort. The Resort World Las Vegas is the next upcoming multibillion-dollar hotel, resort and casino arriving in the Nevada Desert city. However, it was announced today that the development schedule for the new mega-resort has been delayed by several months. This information comes after the Genting Group, a Malaysian-based corporation, revealed upgraded plans for Resort World. These new plans include increasing the capacity, redesigning the property and having a larger budget.
Resort World Las Vegas selected the prior location of Stardust Hotel on the North Strip for their new site. The new hotel has been under construction for more than two years, with original estimations costing the Genting Group $4 billion for the new property. However, with the upgraded plans, that figure has been increased to $4.3 billion. Genting guarantees that Resort World will be the most luxurious and expensive property built in Las Vegas. Additionally, the property is being managed by Scott Sibella. He was the former President and Chief Operating Officer for MGM Grand Hotel, Resort & Casino. He now takes on the role of International Executive and President for Resorts World. This will more than likely bring major fights to the mega-resort, meaning that MGM could be dethroned as the Boxing and UFC hosts in Vegas.
Scott has also assisted with the development of Resorts World Las Vegas since he joined the team in November. Several noticeable changes are happening to the mega-resort going forward. The first is that the Asian and Chinese theme for the resort will be axed, allowing for Sibella to create a more modern and contemporary theme. This will be similar to the Aria, which is the most popular hotel in Vegas for 2019. Additional changes include the resort building a 5,000-Seat Theatre that could host performances and fights regularly. It’s rumoured that Scott has already begun setting up matches for Resorts World Las Vegas when it opens in late 2020.
There will also be a new nightclub being built for the property, which will be more than 77 thousand square feet. This is meant to appeal to the younger audiences that are beginning to come to Las Vegas. Subsequently, all these upgrades will cost the Genting Group more than $300 million.