Resorts World Las Vegas, being constructed by the Genting Group, says that it is still on track for a late 202 opening. However, there is mounting skepticism that the property will be able to open so early. Despite the skepticism, the Genting Group is sticking to its guns and has stated that everything is on schedule.
Analysts Skeptical Resorts World Las Vegas Will be Ready in 2020
Resorts World Las Vegas is going to cost $4 billion to build and, when complete, will have three separate towers. It is being built at the northern end of the Las Vegas strip and, if it sticks to its planned opening date, it will become the first new resort to open in Las Vegas since The Cosmopolitan in 2010.
Construction for Resorts World Las Vegas began in 2017, and many have stated that it is clear that things are progressing. Having said that, it is also clear that the main buildings are nowhere near completion. This is what has sparked debate on whether it is really possible for the resort to begin operations in the next two years. Credit Suisse, which has become one of the most skeptical, believes that the opening of Resorts World Las Vegas will only happen in 2021.
Resorts World Las Vegas Suffered Previous Delays
The plans for Resorts World Las Vegas first started taking shape back in 2013. The Genting Group bought 87 acres of land from Boyd Gaming. However, things didn’t get started as quickly as initially thought. Over the next few years, progress on the resort slowed and stopped several times. The initial plans were for Resorts World Las Vegas to become operational in 2016. The opening date was delayed several times, and these setbacks are no doubt contributing to the current skepticism.
The Genting Group has said that it will begin installing glass this fall and the first two towers should see construction completed by fall 2019. Genting also reminded skeptics that not everything needs to be 100% complete for operations to begin at the end of 2020. When it does open, Resorts World Las Vegas will target the Chinese market. It is being designed with Chinese themes, and one of the towers will also feature a large lantern.