Genting entered into a partnership with Hilton Worldwide to build a huge resort hotel. The Malaysian giant invested $4.3 billion to help build the most expensive resort in Las Vegas. Resorts World Las Vegas expects to provide a huge boost to the Las Vegas economy. As always, at Vegas Betting, we have the latest news.
Some see the ramifications of this immense of a resort as a tool to profit and not the standalone attraction some make it out to be. The idea of merging these huge entities was quite a hulking project.
The resort covers almost 88 acres in size and includes over 3500 rooms and suites. There is also a 5000-seat theatre and one of the largest LED screens on one of its towers. It is significant because this was the largest build on the strip in over a decade.
The mammoth size of the place is quite amazing. It has not been easy for the Malaysian giant. Consider how depressed the economy has been in the wake of COVID-19.
This has not been an easy project either for those who have been keeping on Resorts World Las Vegas.
From looking at this in several ways, the venture has been quite the challenge. Patrons can now make bets when it comes to the 2021 NHL playoffs, or the NBA Playoffs, or any other sport for that matter. But again, this was a long, long time coming. Consider that Genting Group originally bought the property in 2013 after a previously failed project.
Again, the closest equivalence of a gaming and dining place in Vegas that has been newly built in the last decade is well, nothing else. That is why this is such a significant project. Anything this massive will inevitably have delays. The original idea was to make the place more catered to a Chinese audience which would have included a panda exhibit and a replica of The Great Wall. Those plans were scrapped quickly.
Evidently, that model or type of place just did not fit in with what was on the rest of the strip. So, Genting Group relented and went with an approach that looked more suited to blend in with the luxury found surrounding the newly-built resort.
However, there is one interesting aspect of the resort that cannot be overlooked. There is no fourth floor anywhere. That’s correct. Four is considered an unlucky number in many Asian cultures and it was one relatively minor concession that could easily be made during the construction of Resorts World Las Vegas.
Consider how hard it is to make a profit in Las Vega and all of the delays, it is impressive that the resort is even standing and running given what the world has experienced over the last year or so.
Again, the Stardust Casino was an icon of its time. It is hard to believe that the casino opened in 1958. The Stardust was conceived by Anthony Cornero, a bootlegger and gambler. He never saw his dream come to fruition as he died under suspicious circumstances in 1955.
It was place world renowned for the Lido de Paris production and of course the Siegfried and Roy live animal performances.
However, the point of emphasis here was that “production” which featured live topless showgirls. It was a staple and iconic presence for many years. Unfortunately, the economy started to hit the Stardust Casino hard and it could not remain profitable.
What happened then was revealing. When the Boyd Group bought it in 1985, the heyday of the casino was already taking place. The casino then began to hemorrhage money in the 1990s and early 2000s before it wound up closing in 2006. Ultimately it was imploded in 2007.
Now, providing some last-minute tweaks, expect the new resort to be a beacon on the strip for bettors of all nationalities and cultures. The inevitable question will be when will they come — referring to the people of course.
For example, Las Vegas just expected more people to come into town. That has not been the case as other regions of the United States have had their issues. People have been hesitant to travel. Also, from an international standpoint, COVID-19 is still very much prevalent. Even Canada’s border is still closed and may be closed to non-essential travel until at least July 21st.
There has been some talk that more restaurants and venues inside the resort will open soon enough. That will also help. However, the overall Vegas numbers are still not all that good.
The city saw visitor numbers jump over 15% between March and April this year but those numbers are still more than 27% lower than the same period in 2019, the Las Vegas Convention and Visitors Authority said.
From June, 2021 update by the LVCVA
Simply, this is only the beginning of a long road to recovery.
It’s a great question. The answer may slowly start to come into focus. The future is indeed quite bright and innovation only creates better opportunities. Maybe Vegas’ unintentional delayed approach with the strategic ideas from entrepreneurs was the right idea. It shows that being a little pragmatic and slow resulted in a stronger Resorts World Las Vegas and hopefully Vegas Strip as a whole.
