Genting Goes To Vegas

[Paulie_D]

Boyd Gaming, the Las Vegas company that started and stopped construction of a resort it called Echelon on the Las Vegas Strip, is selling the 87-acre site to Genting Group, a Malaysian multinational company considered a gaming industry powerhouse in Asia.

Boyd announced it would sell the site, once the home of the iconic Stardust, for $350 million.

Genting plans to build a 3,500-room resort with a 175,000-square-foot casino in what the company is calling the "first phase" of a property to be named Resort World Las Vegas.*

The project is expected to bring thousands of jobs to Southern Nevada at the property and in construction.

The company did not announce a completion date, but the land transaction is scheduled to close today.

http://www.vegasinc.com/news/2013/mar/04/old-stardust-site-sold-new-strip-casino/

^{* Dumbest name ever...bound to be changed.}