flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Vegas rebound: Genting Group acquires assets of stalled Vegas casino-resort

Vegas rebound: Genting Group acquires assets of stalled Vegas casino-resort

Will build $2 billion hotel-casino development


By BD+C Staff | March 7, 2013
Vegas rebound: Genting Group acquires assets of stalled Vegas casino-resort
Vegas rebound: Genting Group acquires assets of stalled Vegas casino-resort

International hospitality giant Genting Group has announced a deal with Boyd Gaming Corp. to purchase the land and assets, including partially built structures, of the stalled Echelon casino-resort in Las Vegas. The company will pay Boyd $350 million for the 87-acre property, according to the Las Vegas Review-Journal.

Genting, which owns and operates properties in Malaysia, Singapore, and New York City, is planning to build a $2 billion hotel-casino development, called Resorts World Las Vegas, that will feature 3,500 rooms, a 175,000-sf casino, convention space, and some 200,000 sf of retail and restaurants. 

The plan includes completing many of the partially built structures on the site, including hotel structures and a parking garage. It's expected to open in 2016.

The development is the second major Las Vegas construction announcement in the past month. In last February, SLS Hotels broke ground on a $415 million makeover of the Sahara Hotel, which closed in 2011 after nearly 60 years on the Strip.

Related Stories

| Jan 31, 2014

6 considerations for rehabbing student union buildings

Most colleges and universities feel pressure to offer the latest amenities in order to attract and retain the best and brightest students. While hauling in the bulldozer to create modern facilities is attractive in some regards, deciding to renovate can be just as effective and, in some cases, even preferable to new construction.

| Jan 30, 2014

Mayors of 10 metros unite to cut building-related climate pollution

Organizers say combined initiative could cut as much climate-change pollution as generated by 1 million cars every year, and lower energy bills by nearly $1 billion annually.

| Jan 30, 2014

See how architects at NBBJ are using computational design to calculate the best views on projects [video]

In an ideal world, every office employee would have a beautiful view from his or her desk. While no one can make that happen in real life, computational design can help architects maximize views from every angle.

| Jan 30, 2014

The evolving workplace: One designer's inspiration board

"Open office" has been a major buzzword for decades, and like any buzzword, some of the novelty has worn off. I don't believe we will abandon the open office, but I do think we need to focus on providing a dynamic mix of open and closed spaces.

| Jan 30, 2014

How reverse engineering nature can spur design innovation

It’s not enough to copy nature. Today’s designers need a deeper understanding of environmental nuance, from the biome in.

| Jan 30, 2014

What to expect in the metal building industry in 2014

Every year brings changes. This one won’t be any different. We’ll see growth in some areas, declines in others. Here’s a little preview of what we’ll be writing about 2014 when 2015 comes rolling in.

| Jan 30, 2014

What's in store for healthcare capital markets in 2014?

Despite the shake up stemming from the Affordable Care Act, 2014 will be an active year in healthcare capital markets, according to real estate experts from CBRE Healthcare.

| Jan 29, 2014

Richard Meier unveils 'urban courtyard' scheme for Mexico City towers

A grand atrium, reaching some 30 stories, highlights the contemporary, bright-white design scheme unveiled this week by Richard Meier & Partners for a new mixed-use development in Mexico City. 

| Jan 29, 2014

Hotel, retail, recreation sectors to lead growth in 2014

AIA's Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting that spending will see a 5.8% increase in 2014, led by the hotel, retail, and amusement/recreation sectors. 

| Jan 29, 2014

Notre Dame to expand football stadium in largest project in school history

The $400 million Campus Crossroads Project will add more than 750,000 sf of academic, student life, and athletic space in three new buildings attached to the school's iconic football stadium. 

boombox1
boombox2
native1

More In Category

Urban Planning

Bridging the gap: How early architect involvement can revolutionize a city’s capital improvement plans

Capital Improvement Plans (CIPs) typically span three to five years and outline future city projects and their costs. While they set the stage, the design and construction of these projects often extend beyond the CIP window, leading to a disconnect between the initial budget and evolving project scope. This can result in financial shortfalls, forcing cities to cut back on critical project features.




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021