Upcoming $4B Resorts World Las Vegas Taps President
- May 22, 2017
Resorts World Las Vegas (RWLV) has appointed Edward Farrell as president of the Genting Group’s $4 billion world-class integrated resort. In his new position, he will oversee all development activity on the Las Vegas Strip site that is scheduled to commence operations in 2020.
Farrell has more than 30 years of experience in the casino industry, beginning his career at MGM Reno. Throughout his career, he held various leadership positions in finance and operations including regional VP of finance at Harrah’s Entertainment, chief financial officer & president at Resorts World New York City and president at Resorts World Bimini.
Resorts World Las Vegas Development Status
The multi-billion dollar 3,000-key resort is expected to employ roughly 1,000 construction workers on site by next year and more than 3,000 employees once in operation. Over the last year, the RWLV development team has fostered plans for the mega resort envisioned on the site of the former Stardust Casino. Construction activity will continue to ramp up in the next several months, with the installation of the tower cranes to start developing the casino’s podium and hotel towers. RWLV will include three hotels, multiple restaurants with a variety of authentic Chinese cuisines, more than 100,000 square feet of gaming space, numerous retail opportunities and a top-tier nightlife venue.
According to Yardi Matrix‘s latest Las Vegas metro report, a record number of visitors passed through Sin City last year, contributing $25.5 billion to local tourism—a 16.3 percent increase from 2015.
Video courtesy of Resorts World Las Vegas