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March 5, 2013

Asian firm buys Vegas casino site

  • The Genting Group bought the partially built Echelon project, and will spend up to $7 billion building glass towers with pagoda-style roofs and 3,500 hotel rooms.
    • By HANNAH DREIER
    Associated Press

    LAS VEGAS — Panda habitats, tea gardens and red pagodas have never been part of the visual vocabulary of the Las Vegas Strip. But Sin City is about to get all three and much more as a Malaysian conglomerate prepares to build the first new mega-casino to come to town since the recession wiped out a slew of projects in 2008.

    The Genting Group announced Monday that it will break ground in 2014 on the 87-acre site where the partially built Echelon project has sat for nearly five years, put on indefinite hold by Boyd Gaming Corp.


     
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