Ten years ago, Genting Group bought the Resorts World Las Vegas site at a bargain price.
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Observers have said the north Strip property could initially siphon guests from competitors but also boost tourism overall to Las Vegas.
After three Las Vegas casino-resorts debuted during the pandemic, no others are officially scheduled to open anytime soon.
Coming out of the Great Recession, various plans to build massive hotels, complete an unfinished skyscraper, and construct an arena on the north Strip have produced hardly any visible results.
The long-planned $4.3 billion property could bring more tourists to the north Strip and a surge of visitors overall to Las Vegas.
The north Strip megaresort will feature 3,500 rooms, more than 40 food and beverage spots, 250,000 square feet of meeting space, and 117,000 square feet of casino space.