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Genting Gets Nevada Preliminary OK For Casino License

Casino Firm Looking To Break Ground This Year

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On Wednesday, Nevada gaming regulators recommended a gaming license for Genting Berhad, the investment arm of Genting Group, the Las Vegas Sun reported.

The matter moves to the Gaming Commission, which is expected to give the final OK.

The move is considered a significant development in the firm’s plan to build a $4 billion casino complex in Las Vegas. Genting plans to break ground this year on Resorts World Las Vegas.

There have been reports that the complex could cost up to $7 billion.

The site is Boyd Gaming’s unfinished Echelon development, which Genting bought last year for $350 million. The plan is to use at least part of the existing structure for the new casino-resort.

The Genting project reportedly marks the first brand new Las Vegas Strip casino project in a handful of years. “I have every confidence that they are moving forward,” Gov. Brian Sandoval said in March.