The group’s current casino resort in New York at the Aqueduct Racetrack in Queens will also be getting a boost which includes the building of a 400-room hotel and an all new restaurant.
The new Vegas casino, which will open in 2020, is set to cost US$ 4 billion and will have 3000 rooms. The strip hasn’t seen a major hotel open since 2009 but Genting
Speaking to the Northwest Arkansas Democrat Gazette Edward Farrell, president of Genting Americas, said: "We want to diversify the portfolio, spread out the risk and be able to leverage international travel by having the right assets in the right cities. It will be the newest and one of the best offerings out there on the Strip.”
Despite these planned investments generating a lot of excitement, Genting has had less success with its other attempts to expand in the USA. A US$ 1 billion project for a resort with three hotels and a land-based casino is being delayed by a legal challenge over whether the Mashpee Wampanoag tribe will be allowed to operate it. A decision is yet to be made on the matter but the operator has already invested heavily in the project.
Genting had also planned to build a large casino at the site of the former Miami Herald building, which was purchased for a hefty US$ 236 million in 2011. However, Florida lawmakers are unsure of the idea of further gambling expansion in the city and it is now unlikely that developments will be made.
Source: GMB / Casinopedia.org
