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Resorts World updates plans for $4.3B Las Vegas Strip resort

November 22, 2019 GMT

LAS VEGAS (AP) — A multibillion-dollar Las Vegas Strip megaresort has updated plans increasing its capacity and expanding its budget before its scheduled open in 2021, company officials said.

The Malaysia-based parent company Genting Group announced Resorts World Las Vegas is expected to open its doors in the summer of 2021, not the end of 2020 as earlier planned, the Las Vegas Review-Journal reported Thursday.

The company named former MGM Resorts International executive Scott Sibella as president of Resorts World in May, company officials said. He was the president and chief operating officer of the MGM Grand for eight years before leaving the company after cost-cutting measures, Sibella said.

The cost of the $4.3 billion megaresort increased from $4 billion making it the most expensive resort property ever developed in Las Vegas, Sibella said. It falls behind the $4.18 billion spent on The Cosmopolitan of Las Vegas and $3.26 billion spent on Wynn Las Vegas, he said.

“Our team has been working diligently to perfect the vision for Resorts World Las Vegas, and we are excited to begin sharing that concept with Las Vegas and the greater hospitality communities,” Sibella said.

The luxury resort-casino includes two towers with a 5,000-seat theater, a 75,000-square-foot (7,000-square-meter) nightclub and dayclub concept, additional luxury suites, villas and penthouses with individual lobby experiences, a video globe, open balconies, a sky casino and seven different pool experiences, company officials said.

“We believe Resorts World’s unique design and commitment to providing cutting-edge amenities and captivating experiences is the foundation to curating a thoughtful resort experience that aims to redefine the luxury hotel standard in Las Vegas,” Sibella said.

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Information from: Las Vegas Review-Journal, http://www.lvrj.com