Eurasia Resorts Seeks Return to Super-Sized Development

The city’s recent switch from the new, bombastic mega-resorts of the Strip and focus on smaller projects seemed to mark a new direction for its fortunes. However, the market for massive, imposing projects has not completely gone away as Eurasia Resorts International recently announced a world-class entertainment initiative for the city of Las Vegas. The company’s tentative development plan would insert a number of projects that were considered as lacking in Las Vegas, projects that would complete the high-rolling image that the city has been selling.

In recent years, the tendency to turn away  from the mega-resorts of the Las Vegas Strip toward projects of more modest proportions has seemed to mark a new direction. Yet the interest in developing projects on a monumental scale has hardly vanished. Case in point: the recent announcement by Eurasia Resorts International Ltd. for what it touts as a world-class entertainment initiative.

The company’s proposal would provide at least one element that Las Vegas has been seeking for some time, namely an international sports facility. Also part of Eurasia Resorts’ plan is a 15-million square-foot mall that would become the world’s largest retail center. \

Six hotels, 39 casinos and an additional six million convention center would rise, as well. Adding to the city’s inventory of exhibition and meeting space has come onto the radar this year with the announcement of plans for a makeover and expansion of the Las Vegas Convention Center.

Eurasia Resorts International and its partner, Global Financial Trust Ltd., say they will unveil details of their massive proposal during the first quarter of 2014.