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Why THIS Eyesore Replaced the Mob-Run Stardust Resort in Las Vegas?

Since its inception, Las Vegas has been portrayed
as the epitome of opulence, and luxury. While this reputation aided in transforming
the city into what it is today, it has also negatively impacted “Sin City”. When the Great Recession of 2008 hit, no major
city felt its devastating effects to the extent of Las Vegas. The majority of tourists could no longer afford
to spend exorbitant amounts of money on travel, especially to places as highly priced as the
Strip. Thus, tourism and casino revenues plummeted,
leaving thousands without work. The Recession also took a toll on multiple
developments, leading to the bulk these projects halting construction. One of the more notable failed Strip projects
was Echelon Place, now known as Resorts World. Hey everyone, how’s it going? My name is Jonah Stahl, and welcome to Abandoned
Explained. In today’s video, we’ll be taking a look
into what lead to the development of the Strip’s most recognizable reminder of the Recession,
Echelon Place. In order to provide you with the complete
picture of what happened here, we must first cover the history behind the infamous Stardust
Resort. Since I started this series, these two topics
have been requested numerous times. Considering these two establishments directly
affected one another, I thought it would be best to cover them both in one video. If you do not want to learn about the history
behind the Stardust, skip to the time code posted on the screen. If you have any topics you want me to cover
in this series, let me know down in the comments below! Also, if you enjoy the video at any point
be sure to hit that like and subscribe button! Anyways, let’s dive right into it! During the early 1930’s, a small railroad
town known as Las Vegas passed a bill that forever changed the valley. In 1931, Nevada re-legalized gambling under
“The Wide Open Gambling Bill”, thus laying the foundation for an economy that would transform
the sleepy little town into a World Renowned Tourist Destination. Development was slow at first, however things
picked up following construction of the El Rancho Hotel in 1942. While this event seemed insignificant at the
time, the El Rancho paved the road for future developments in Las Vegas. What many failed to realize was, the opening
of the El Rancho marked the birth of the Las Vegas Strip. Throughout the 1950’s, Las Vegas saw the
development of a variety of casinos that eventually became Strip icons such as The Mint, the Flamingo,
and the Stardust. During the early 1950’s, Tony Cornero conceived
a plan to construct a casino in Las Vegas shortly after recovering from an assault. Prior to moving to Las Vegas, Tony and his
wife lived in Beverly Hills, California. On February 9th, 1948, while meeting with
two potential investors for a casino project in Mexico, Tony received a knock on his door. After opening the door, he met a character
who he assumed to be a delivery person. The man handed Tony a box and uttered the
words “Here Cornero, this is for you” before shooting him in the abdominal region
four times. Miraculously, Tony survived the assault, however,
his deal with the investors he met fell through. After recovering from his injuries, Tony moved
his family out to Las Vegas, Nevada. Once settled, Tony devised a plan to construct
the world’s largest casino-resort, the “Stardust Resort and Casino”. After finalizing his plans, Tony purchased
a 40-acre parcel of land on the Las Vegas Strip. Today, this section of land is located adjacent
to the Circus Circus Hotel and Resort. Following his purchase, Cornero filed an application
with the United States Securities and Exchange Commission to sell stock in the property. Once approved, Tony bought 65,000 shares in
the property for .10 cents a piece, making him the majority stockholder at fifty-one
percent. He then sold the remaining stock and filed
for a gaming license with the Nevada Gaming Commission. By 1955, construction was well underway on
the project, which expected to have over one thousand hotel rooms. Up until this point, construction on the project
had mainly been financed by American Gangster Moe Dalitz, who provided Tony with three loans,
totaling to 4.3 million dollars. As construction progressed, Cornero encountered
a major problem. The Nevada Gaming Commission refused to issue
him a gaming license due to his extensive criminal history. In response to the sudden change of events,
Tony struck a deal with investors led by the Notorious Illegal Gambler from Los Angeles,
Milton B. “Farmer” Page to lease the “Stardust” for $500,000 per month. On July 31st, 1955, Cornero encountered a
string of bad luck that ultimately lead to his demise. Within one night, he gambled away $37,000
on a craps table at the Desert Inn Casino. Adjusted for inflation, in one sitting Tony
managed to gamble away nearly $350,000 dollars. As the night went on, Tony and the Dealer
wound up in a heated argument over a twenty-five dollar chip. According to the LVPD Coroner’s Office, Corner
suffered a “massive heart attack, and passed on before hitting the floor”. Despite the Corner’s statement, rumors began
to circulate that someone had poisoned Tony’s drink. These rumors gained credibility when eyewitnesses
came forward and informed the public of what they saw. Witnesses claimed that prior to authorities
arriving on scene, employees removed Cornero’s body from the casino. Witnesses also claimed that the glass he drank
from was immediately washed after his passing. Despite the suspicious details surrounding
the death, police never performed an autopsy on Tony’s corpse. Following Cornero’s death John Factor, a
con artist associated with the Chicago Outfit, purchased the under construction resort for
around four million dollars. Once the purchase was finalized, Factor brought
in the projects loan holder, Moe Dalitz, and the management team from the Desert Inn to
run the Resort. To complete construction on the resort, the
new developers received a ten million dollar loan. On July 3, 1958, Tony’s vision became reality
as the Stardust hosted their grand opening ceremony. The main “star” of the Stardust’s grand
opening was the “Lido de Paris” show at nine pm, the first topless french revue production
on the Strip. Upon opening, the Stardust became the largest
resort on the Las Vegas Strip with the capacity to host over 1,000 guests. The property sat on 40 acres of land, with
rooms arranged into six buildings named after different planets. Developers arranged the hotel structures in
such a way that permitted at-door parking for every guests. Developers also soundproofed every room, a
luxury provided by few casinos at the time. The luxuries afforded to guests made a stay
at the Stardust one of a kind. While a room here only ran you six bucks a
night, or fifty dollars when adjusted for inflation, guests were provided with countless
amenities not offered anywhere else on the Strip. Guests here had access to thirty-six different
services ranging from Auto Rentals to Babysitters. The pool, otherwise known as the Big Dipper
Pool, extended over 105 feet, and set a world record for its size. The Stardust also offered rooms with individual
temperature controls, a rare luxury at the time. The Stardust boasted one of the largest casino
floor on the Strip, spanning 16,500 square feet. To put this into perspective, the largest
casino floor on the Strip today is at the Venetian Resort, which is approximately 138,000
square feet. The Stardust’s original casino floor could
fit inside the Venetian’s Casino eight times. Upon opening the Resort, the Stardust remained
open 24/7 to keep up with the Las Vegas Nightlife. (PUT FUN FACT THAT THE STARDUST REMAINED CONTINUOUSLY
OPEN FOR 48 YEARS BEFORE CLOSING) In order to advertise the property, Factor knew he
needed to create something completely original. While other casinos boasted prestigious circle
drives, elaborate lawns, and massive fountains, the Stardust took a different approach. Factor installed the world’s largest cantilever
sign to advertise the resort. The sign spanned 215 feet, and required an
electrical input of 3,000 amps to operate. This high electrical input allowed the sign
to be seen three miles down the Strip. The sign also set a world record due for its
immense size. Shortly after the Stardust’s grand opening,
the nearby casino “Royal Nevada” discontinued operations. Financial problems which plagued the project
from the beginning, eventually forced the resort to close only four years after opening. In response to the closure, the Stardust purchased,
and renovated the defunct property. The “Royal Nevada” was transformed into
the Stardust West, which contained the Convention Center, and the High Roller Suites. From 1959 to 1964, this wing became exclusively
known for housing both High Rollers, and the Stardust Showgirls. With the addition of the Royal Nevada, the
Stardust now had the capacity to host 1,300 guests. During the first years of operation, the Stardust
owned the only Drive in theater in Las Vegas. Due to the circumstances, the Stardust Drive
in became a popular hangout spot for teens, and adults. The theater remained the only theater of its
kind until 1965, when the West Wind Drive In opened. By 1961, the Stardust employed a concerning
amount of high profile criminals. A few honorable mentions include: Credit Manager
Hy Goldbaum, who was known under eleven different aliases, and had fourteen criminal convictions
including one for assault. Casino Manager Johnny Drew, a trusted associate
of Al Capone, and General Manager Morris Kleinman, who served three years for tax evasion. Moe Dalitz, and his team leased the property
until 1965, when they became the owners of the resort. From 1965 to 1970, Dalitz and his team operated
the Stardust International Raceway in Spring Valley, which is part of the Las Vegas Township. The speedway hosted racing events such as
the Can-Am, and the USAC Championship Car Series. World class drivers like Mario Andretti, Bruce
McLaren, Mark Donohue, and Jackie Stewart competed here during the Stardust’s operation
of the track. In 1966, eccentric billionaire Howard Hughes
attempted to purchase the Stardust for 30.5 million dollars. Hughes previously purchased the Desert Inn
for thirteen million dollars, along with many other casinos including the Sands, and New
Frontier. His interest in the project stemmed from its
reputation as the largest resort in Las Vegas. Before Dalitz could sell the project, the
Justice Department Antitrust Division stepped in and shot down the deal.The Antitrust Division
ruled that if Hughes acquired any more projects on the strip, he would violate the Sherman
Antitrust Act. During the late 1960’s, the Stardust gave
Siegfried and Roy their first shot as headliners on the Strip. Thanks to this, the entertainers gained popularity
in Las Vegas for their performances with White Tigers and Lions. The pair eventually moved their act to the
Mirage, selling out every show from the first night to the last. As the Sixties came to an end, Dalitz sold
the Stardust to the Parvin-Dohrmann corporation for an undisclosed amount. Parvin Dohrmann sat on the property for five
years, before selling it Allen Glick’s Argent Corporation in 1974. Allen Glick purchased the property using loans
provided by the International Brotherhood of Teamsters Central States Pension Fund. Glick, a previous attorney and real estate
investor from San Diego, received one hundred million dollars in loans from Teamsters Central
States Pension Fund. Using this money, he first purchased the Hacienda
Hotel, then the downtown Fremont Hotel, and finally the Stardust. If you have seen the movie “Casino”, this
story may sound familiar. That is because “Casino” is based off
the story of the Stardust. If you substitute the “Stardust” for “Tangiers”,
you know what happens next. Under Argents ownership, Frank “Lefty”
Rosenthal became the unofficial boss of the casinos, despite not having a gaming license. While some disliked Rosenthal’s management
style, the casinos all saw a massive spike in popularity. Rosenthal’s ability to bring in High Rollers
resulted in a sizable increase in dealer tips. This alone made him a popular face on the
casino floor. Rosenthal’s most memorable addition to the
Stardust was their two million dollar Sports and Race Book. (PUT WHAT SPORTS AND RACE BOOK IS ON SCREEN)
The addition of this segment became the casinos most popular attraction due to their abnormally
high betting limits. Nowhere else on the Strip could you find a
one hundred thousand dollar maximum bet. At the time, competitors on the Strip limited
bets between one thousand to five thousand dollars. Supposedly, the pay phones outside the Sports
Book were the highest grossing in the country. Runners used the phones to inform out of state
associate’s about the Stardust’s Betting Lines immediately after they were posted. The “Stardust Line” became the industry
standard up until the book’s closure. While Rosenthal made the resort an unbelievable
amount of money, he also oversaw a table and slot skimming operation at the Stardust. This operation led to millions of unreported
revenue being sent to the Chicago Outfit, and other Crime Families to fund their illegal
enterprises. Inevitably, things came crashing down when
federal investigators confirmed that throughout the 1970’s, Stardust employee’s skimmed
profits from the resort, and distributed the funds between several midwestern mob bosses. Investigators alleged that millions of dollars
in revenue went unaccounted for, and that the unaccounted revenue was distributed to
criminal organizations before the Stardust reported their earnings. Towards the end of the 1970’s, Argent Corporation
started to face legal issues related to the skimming operation. Admits the controversy, Argent sold the Stardust
to Herb Tobman, and Allen Sachs in 1979. Initially things went well under the pair,
however authorities discovered that they too skimmed profits at the resort. In response, the Nevada Gaming Commission
revoked their gaming licenses, and forced them to forfeit control of the property. In 1984, the duo received a three and a half
million dollar fine from the Nevada Gaming Commision. This fine set a record as the largest fine
ever issued by the Nevada Gaming Commision. Due to the situation at hand, the commision
awarded Boyd Gaming the rights to operate day to day activities at the Stardust. In 1983, a Federal Grand Jury indicted fifteen
people for conspiring to skim at least 1.6 million dollars from the casino table games. Those indicted included notorious criminals
such as the head of the Chicago Outfit Joseph Aiuppa, Milwaukee Syndicate Boss Frank Balistrieri,
and Kansas City Mafia Chief Carl Civella. Authorities later charged a group of Cleveland
Mobsters for sharing the stolen casino profits with other criminal organizations. Authorities estimated that the Stardust alone
“lost” over two million dollars. In Federal Court, Cleveland Mobster Angelo
Lonardo turned on his associates, and testified against them. The Mobster turned informant testified that
his close friend, who was the Cleveland Mafia’s Point Man, informed him that the mobsters
from Kansas City, and Milwaukee, had considerable say in who the Teamster Pension Fund issues
loans too. He stated these mobsters convinced Teamster
to issue a loan to Allen Glick’s Argent Corporation. Lonardo also revealed that the Chicago, Milwaukee,
Kansas City, and Cleveland Crime Families received a monthly kickback from the Stardust
skim, ranging between $40,000, and $100,000. He concluded his testimony by saying that
Teamster Union Official William Presser received a $1500 monthly pension from the skim. Before the hearing begun, Kansas City Mafia
Head Carl Civella, and three others accepted a plea deal, thus pleading guilty to lesser
charges. After the trial, the jury deliberated for
thirty hours over a six day period before coming to a decision. Chicago Mob Boss Joseph Aiuppa, and four others
were convicted of skimming revenue, while secretly controlling the Stardust Resort and
Fremont Hotel. Each defendant was convicted on all eight
counts, each of which carried a maximum penalty of five years in prison, and a ten thousand
dollar fine. Allen Glick, the man responsible for purchasing
the Stardust, and two other hotels on the Strip, played a key role in convicting those
involved in the Skimming Operation. Glick claimed in court, he had no knowledge
of Frank’s criminal activity prior to attending a meeting with Delbert Coleman to discuss
financing for the purchase of the Stardust and Fremont Hotel. Many questioned the accuracy of this claim
since Glick attended school with one of Frank’s sons. Glick continued by explaining that through
the four mob families influence, he received a loan for nearly sixty three million dollars
from the Teamster Pensions Fund. He then used this money to purchase the Stardust,
and other resorts under his company, Argent Corporation. Teamster later went on to issue a second loan
to Glick for twenty five million. This loan provided Argent Corporation with
the funding necessary to re-develop and improve the Stardust. Glick ended his testimony by claiming his
involvement in the skimming conspiracy stemmed from his intimidation of the crime figures. Prosecutors acknowledged his testimony as
the truth to the jury, and as a result, Glick got off scott free. Controversy surrounding the Stardust finally
laid to rest in 1985, when Boyd Gaming purchased both the Stardust, and the Fremont Hotel. Boyd’s Gaming had a reputation for abstaining
from criminal activity, leading many to view their acquisition of the property as a new
beginning. Throughout the ninety’s, the Stardust underwent
several drastic changes. Being one of the last resorts on the Strip
from the 1950’s, the Stardust underwent a three hundred million dollar renovation
to modernize the resort in 1991. The renovation plans included adding a new,
thirty two story hotel tower, along with two swimming pools, a golf course, and athletic
facilities. One year later in 1992, Boyd replaced the
Stardust’s famous “Lido de Paris” show, with a less established show known as “Enter
the Night”. While “Enter the Night” never received
the same attention as “Lido de Paris”, the show stayed with the Stardust for seven
years before parting ways in December of 1999. Around the same time, Developers also replaced
the futuristic lettering on the original sign with a blocky typeface lettering. Before the turn of the century, Wayne Newton
signed the biggest entertainment deal in Las Vegas History. In October of 1999, Newton signed a ten year
deal with the Stardust, for a reported twenty five million dollars per year. According to the deal, he would perform exclusively
at the Stardust for forty weeks out of the year. Due to contractual obligations, Newton ceased
all performances in the Hollywood theater at MGM Grand. Following his signing, the Stardust renamed
their nine hundred and twenty seat theater to the “Wayne Newton Theater” in his honor. The turn of the century marked the beginning
of the end for the Stardust Resort. While the casino retained some of its popularity,
it would never be as profitable as the newer Mega-Resorts built on the Strip. Towards the end of the 1980’s, the Las Vegas
Strip underwent a gradual transition due to the steady decline in organized crime involvement. Long gone were the days of “Rat Pack”
Vegas, as the Strip shifted towards a more commercialized, and family friendly environment. This new Chapter in Las Vegas History came
to be known as the “Mega-Resort Era”, and kicked off in November of 1989 with the
opening of Steve Wynn’s Mirage. Steve Wynn’s Mirage set a new standard for
luxury on the Strip, and attracted droves of tourists as a result. What followed the Mirage’s astronomical
success was nearly twenty years of rapid growth, and financing for projects. By the start of the twenty first century,
the era of Mega-Resorts was in full swing, and the Stardust struggled to keep up. In an attempt to become competitive with the
new Mega-Resorts, the Stardust demolished four of the original two story buildings to
make way for the planned twenty five million dollar renovation. Renovations done to the Resort included upgrading
the public facilities and guest rooms, construction of a new, three hundred and forty seat buffett,
and lastly, refurbishment of the property’s roadside sign. Regardless of the renovations, the Stardust
continued struggle as newer resorts out shined the once iconic resort. In a last ditch effort to save the declining
resort, Stardust officials brought in Magician Rick Thomas as a performer in March of 2005. The following month in April, Newton decided
to end his run at the resort four and a half years early. His departure hit the resort hard, despite
Thomas’s magic show becoming the most successful daytime show on the Strip. Once Newton left the Stardust, no one questioned
if the resort was going to close. The question now stuck in everyone’s mind
was when it would close. By 2004, Boyd Officials recognized that the
Stardust’s closure was inevitably. In response, officials created a plan to potentially
redevelop the site of the Stardust. In July, Boyd put their plan into action,
and spent a hefty 1.2 billion dollars on purchasing Coast Casinos Incorporated. This pricey acquisition provided the company
with four new properties: the Sun Coast, the Gold Coast, the Orleans, and Barbary Coast. A few months later in November, Boyd purchased
a thirteen acre parcel located contiguous to the Stardust for forty three million dollars. Between 2004 and 2006, the company purchased
several more properties, including the land between the Stardust and the Westward Ho. Towards the end of 2006, a deal was made with
Harrah’s Entertainment to trade the Barbary Coast Casino, for eleven acres located adjacent
to the Stardust. In total, Boyd acquired eighty seven acres
for the Stardust re development. In January of 2006, Boyd Gaming announced
to the public they would be replacing the Stardust, and Westward Ho with a new project
known as “Echelon Place”. Boyd described Echelon as a luxurious multi-use complex boasting
five partially separated hotel towers, with a combined guest capacity surpassing 5,000
people. The project sat on eighty seven acres, and
was to contain a 140,000 square feet casino floor, a convention center with close to a
million square feet of space, and numerous other amenities. The development expected to become the centerpiece
of the northern end of the Strip. With the development of Echelon Place, Boyd
hoped to surpass the Mirage and become the leader in luxury on the Strip. Estimated to cost four billion dollars if
completed, Echelon Place is believed to be the second most expensive hospitality development
ever undertaken. The only project to top Echelon is the Mirage
and MGM’s six billion dollar CityCenter project. Following the announcement, on November 1st,
2006, after remaining continuously open for forty eight years, the Stardust Resort and
Casino finally closed their doors to the public. Once the clock struck noon, the Bobbie Howard
Band lead patrons out of the resort one final time to the tune of “When The Saints Go
Marching In.” After operating for twenty four hours a day,
seven days a week, the Stardust sat eerily quiet and empty for the first time in nearly
half a century. On March 13th, 2007, at two in the morning,
the Stardust was imploded to make way for the planned construction of “Echelon Place”. The demolition ceremony included a firework
show displaying a ten second countdown to the implosion. Despite only four hundred and thirty pounds
of explosives being used in the demolition, the Stardust became the tallest building to
be imploded on the Las Vegas Strip. Almost immediately after demolition wrapped
up, construction teams began prepping the land for construction. Many of the newly purchased land parcels contained
structures which needed to be removed prior to the start of construction. After the prep work was completed, construction
officially begun on Echelon Place during the summer of 2007. Developers presumed the project would be completely
finished by 2010. Towards the end of 2007, the United States
began to undergo an economic recession that wreaked havoc on the tourism economy. While established Casino’s experienced severe
problems relating to the Recession, planned projects seemingly felt the brunt of the damage. On August 1st, 2008, Boyd Gaming announced
that construction on Echelon would be halted for three to four quarters due to the poor
economic conditions. Project officials announced they intend on
resuming construction upon the recovery of the credit market, and Las Vegas Economy. This was bad news for many Las Vegas residents,
who were relying on the opening of places like Echelon Place to bring jobs to the Valley. During the subsequent year, the recession
continued to wreak havoc on the valley . Boyd Gaming took a massive hit in 2009, when the
company experienced a massive drop in their share prices, and revenue. The recession’s effect on Boyd’s revenue
resulted in the company losing millions of dollars in profit. After tough deliberations, Boyd Officials
concluded the best course of action was to suspend construction on Echelon Place until
the economic conditions in Las Vegas improved. In a statement released by Boyd, the company
stated that while they believe in the long term viability of Las Vegas, the current economic
conditions in Las Vegas would not support a project like Echelon Place. The company concluded by stating that construction
would not resume any time soon, and that locals should expect construction to be suspended
for three to five years. Three years after suspending construction,
Boyd Gaming announced they planned on finish construction at Echelon Place. Boyd stated this time around, they were determined
to claim their spot as one of the top luxury destinations on the Las Vegas Strip. Following the announcement, Clark County granted
Boyd an extension till 2018 to finish the project. Plans to resume construction fell through
less than a year later in 2013, when Boyd Gaming sold the 87 acre site to the Malaysian
gaming company Genting Group, for three hundred and fifty million dollars. Genting Group is a well respect, gaming powerhouse
based from Kuala Lumpur, Malaysia. The company owns several casino’s located
throughout the world, most noteworthy being the Aqueduct Racetrack Casino in New York
City, which contains the world’s largest slot machine floor. Genting purchased the site with plans to develop
a chinese themed resort on the eighty seven acres. After the acquisition of Echelon Place, executives
from Genting Group received an invitation to attend a local press conference. At the conference, company officials revealed
their plan to construct a twenty one million square foot chinese themed resort named “Resorts
World Las Vegas”. Upon completion, the project would contain
four hotel towers with a combined room count of 6,500 rooms. Aside from the typical shopping and dining
areas, developers revealed part of their plan included building a replica Great Wall of
China, a Panda Exhibit, and one million square feet convention center. Company Officials stated, construction on
Resorts World would occur in four “phases” over the span of twenty four to thirty six
months. Officials also disclosed that ”Phase One”
of construction would span eight million square feet, and include 3,500 hotel rooms. To reduce construction costs, Genting intended
on incorporating the structure of Echelon Place into Resorts Worlds design. “Phase One” planned to accommodate numerous
features, such as a seven and a half acre indoor waterpark, a four thousand seat theater,
and a bowling alley. Construction on the first phase was expected
to cost around four billion dollars, and break ground in 2014. Genting officials estimated that Resorts World
would open by 2016, and alleged the property would supply nearly 12,000 jobs to the Valley. Residents of Las Vegas found the announcement
of Resorts World to be a pleasant surprise. Although the Great Recession began four years
earlier in 2008, Las Vegas was still experiencing its devastating effects. From 2002 until the economic crisis, unemployment
in the Valley had remained on a steady decline. Before the Recession, unemployment in Las
Vegas sat around four percent. Two years after the initial onset of the Recession,
unemployment in the Valley skyrocketed upwards of ten percent. Throughout this period of economic crisis,
the Hospitality Industry would suffer greatly from the drastic decline in Tourist Spending. As a result, many Las Vegas Residents lost
their jobs, and found themselves unable to find new employment. With the announcement of Resorts World Las
Vegas, many felt that things might finally turn around for Las Vegas. Resorts World received support from several
Nevada Government Officials, including Governor Ryan Sandoval, and Senator Harry Reid. Both Sandoval, and Reid praised Genting Group
for aiding in the recovery of the Las Vegas Economy by providing employment to thousands
of people. Construction got off to a rocky start, as
ground breaking was delayed until May 5th, 2015, one year after the initially planned
start date. The project now expected to be completed by
mid-2018, two years after Resorts World was initially scheduled to open. Shortly after construction broke ground, construction
on the project slowed down considerably. As the months wore on, work on the project
appeared to on a steady decline. Genting Group also became increasingly quiet
about the project, and begun only posting construction updates on Facebook. By February of 2016, numerous locals questioned
the resorts status, as barely any work had been completed. With the current pace of construction, many
doubted the project would open by 2018. In May of 2016, Genting Group announced their
plan to ramp up construction later that year. Assuming construction stays on schedule, the
company expected the project to be complete by early 2019. Genting attributed the delays to Malaysia’s
currency depreciation, which decreased the company’s global purchasing power, along
with waiting on approval from the Nevada Gaming Commission for a gaming license. The project sat in limbo for nearly two years,
as Genting Group geared up for resuming construction. In 2018, over a decade since Boyd demolished
the Stardust to make way for a new development, construction was finally in full swing. In May of 2018, Genting posted an updated
timeline for construction on Resorts World, which placed the resorts opening at the end
of 2020. Since Gentings released the updated timeline,
construction has stayed on on pace with the aggressive timeline. This is attributed to on-site workers being
increased six fold since the start of 2018. Towards the end of July, Genting Group Representatives
informed News Three Las Vegas that the two hotel towers now stand twenty two and twenty
five stories tall, more than double their initial height at the start of 2018. The representatives also informed News Three
that both towers will stand sixty stories tall by the end of the year, and be topped
out in the fall of 2019. In order to remain on pace with the aggressive
building schedule, company officials stated the number of workers will increase daily,
as construction expands out to different areas. This is good news for the Vegas Construction
Industry, since Resorts World will continually provide more job opportunities as construction
advances. As 2018 comes to an end, construction at Resorts
World continues to keep up with the aggressive building schedule. While some skeptics believe construction will
not be completed until 2021 or later, many locals remain hopeful that the project will
continue to stay on track, and open on schedule. The Northern End of the Strip has been plagued
with abandoned developments, and declining foot traffic since the initial onslaught of
the recession. The Fontainebleau Las Vegas, now known as
the Drew, ceased construction in 2008, around the same time Boyd Gaming announced construction
on Echelon Place was suspended. Like Resorts World, The Drew is expected to
open at the end of 2020. With both projects being highly anticipated,
many expect they will revitalize the Northern End of the Strip upon opening. At this point, only time will tell what becomes
of the former site of the Stardust. I personally believe that when Resorts World
opens, it will be a successful addition to the Las Vegas Strip. Genting Group appears to be studying the market,
as well as carefully calculating what to build in order to compete with the already established
casinos on the Strip. While the Strip is historically one of the
most competitive markets out there, Genting Officials should have no issue competing assuming
they play their cards right. With proper marketing, and generous gaming
promotions, Resorts World is poised to take over and dominate the Northern End of the
Strip. If you enjoyed the video, hit that like button
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