Strip-tease: $4.3bn Resorts World Las Vegas opens its doors

Resorts World Las Vegas open
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The new Resorts World venue opened in June with analysts suggesting it will aid Las Vegas’ recovery by driving an increase in footfall to the Strip.

 

The first ground-up casino resort to debut on the Strip in more than a decade, Resorts World Las Vegas celebrated its grand opening on 24 June. At least 20,000 people were on hand for the $4.3bn hotel casino’s opening night, the property’s public relations manager Joslyn Garcia reported.

Resorts World marks the first new resort to open on the Strip since the $4.1bn Cosmopolitan Las Vegas launched in December 2010.

“This spectacular resort was designed to usher in a new era of hospitality in Las Vegas with unsurpassed dining and entertainment, an array of luxury hotel accommodations and new-age technology,” said Resorts World Las Vegas president Scott Sibella.

Through a partnership with Hilton, the new property offers 3,500 luxury guestrooms and suites from three of the hospitality company’s premium Hilton brands. These include the largest Conrad Hotels and Resorts property in the world, one of the first LXR Hotels and Resorts locations in the US and a marquee Hilton Hotels and Resorts hotel. “This new resort raises the bar for Las Vegas,” affirmed Hilton’s president and CEO Chris Nassetta.

Jeremy Aguero, principal at Las Vegas-based Applied Analysis, characterised Resorts World’s opening as “a contributing factor to the expectation for improved economic conditions during the second half of 2021”.

“Historically, the opening of new, large-scale resorts has tended to grow the tourism sector and the Las Vegas economy,” he stated. “Visitors staying at Resorts World will benefit the entire market, and Resorts World will undoubtedly benefit from visitors staying in the region’s 146,000 existing hotel rooms that will want to experience all the new property has to offer.”

Beyond the hotel component, the property features 70,000 sq ft of retail space, more than 40 food and beverage spots, 250,000 sq ft of meeting space, and a 5,000- seat theatre where Celine Dion and Katy Perry will begin residencies later this year. “There’s something here for everybody, basically, a city within a city,” Sibella stated.

The new resort boasts several high-tech elements, including what has been described as the first entirely cashless casino. Players can download the Resorts World app which generates a QR code that can be scanned by dealers at the blackjack tables.

Guests can also order from the property’s food-and-beverage outlets via Grubhub in a first-time partnership between the delivery app and a resort. On The Fly at Resorts World powered by Grubhub enables customers to order and charge the cost to their rooms or credit cards via the app for takeaway or delivery to hotel rooms as well as the resort’s 5.5-acre pool complex.

Resorts World is situated on the site of the former Stardust Resort and Casino which closed its doors back in 2006. The plot was subsequently used by Boyd Gaming for its unfinished Echelon Place project, before it was purchased by the Malaysia-based Genting Group for $350m in 2013.

As the property opens its doors, media reports suggest there is still room on the 88- acre site for future development. There is “plenty of space to enhance the resort with an already promised expansion,” said Brendan Bussmann, Global Market Advisors’ director of government affairs. “While no timetable has been set, the site was designed for a significant number of [additional] hotel rooms, food and beverage, entertainment, and retail at the just-opened footprint,” he added.


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