gaming commission records on genting aqueduct casino

“We want to bring something new to Las Vegas,” Goode told the commission. The initial phase will include 3,000 hotel rooms, a casino with a combined 3,500 slot machines and table games, 30 food and beverage outlets, a 4,000-seat theater and an elaborate garden attraction that will serve as the property’s front door to the Strip. The company will still need to apply for a full gaming license before Resorts World Las Vegas can open.Ĭonstruction will take place over multiple years and includes at least two or three phases. Genting was given a preliminary finding of suitability to hold a state gaming license. The commission was given a longer presentation on Resorts World Las Vegas, than on the company, which collected $5.2 billion in revenue in 2013, has cash on hand of more than $5 billion and has just $3 billion in long-term debt.īernhard said the panel had the benefit of reading the minutes from the Control Board’s hearing and the background material from the more than yearlong investigation. The commission waived the appearances of the other applicants. Thursday’s hearing at the Sawyer Building took about an hour and was attended by just two Genting executives, President and Chief Operating Officer Kong Han Tan and Christian Goode, who oversees Genting’s Americas division. The Gaming Control Board recommended approval on the company’s application May 7 following a more-than-two-hour presentation that included nearly a dozen company officials. “It will be a game changer and a new step up (for the Strip),” Bernhard said. Gaming Commission Chairman Peter Bernhard said Genting “clearly has the financial stability and business probity” to build Resorts World Las Vegas. He told Genting executives the company was a welcome addition to the Strip and Nevada market.

said he’s ruled on 17 gaming industry reorganizations and debt restructurings since joining the panel in 2008.

The development is located on the 87-acre Strip site that once was home to the Stardust and where the unfinished Echelon stands. The Nevada Gaming Commission found Malaysia-based Genting Berhad suitable to do business in the state, and company officials said Thursday construction would begin this summer on the $4 billion Resorts World Las Vegas. Genting Group's proposal to build Resorts World Las Vegas was approved during the meeting by the Nevada Gaming Commission. Kong Han Tan, president and CEO of Genting Berhad listens during a hearing at the Nevada Gaming Commission at the Sawyer Building in Las Vegas Thursday, May 22, 2014.

Gaming commission records on genting aqueduct casino