Gaming Industry Veteran to Develop and Operate Las Vegas' First Ground-Up Resort in Nearly a Decade
Multibillion-Dollar Integrated Resort Slated to Open in 2020 with Full Construction Commencing in Q3 2017
LAS VEGAS, May 18, 2017 — Resorts World Las Vegas (RWLV) today announced the appointment of Edward Farrell as President of RWLV, effective immediately. As the project's first President, Mr. Farrell will oversee all development activity on the Las Vegas Strip site and prepare the world-class, integrated resort for operations in 2020.
Mr. Farrell has worked in the casino industry for more than 30 years, beginning his career at MGM Reno while attending the University of Nevada, Reno. Mr. Farrell has held a variety of leadership positions in finance and operations and has worked in Nevada, Mississippi, Connecticut and the New York markets both in commercial and Native American operations. Prior to joining Resorts World, Mr. Farrell was Senior Vice President of Finance for Foxwoods and MGM in Connecticut and was Regional Vice President of Finance for the Mid-South Region of Harrah's Entertainment.
"As the shareholder of RWLV, we have full confidence in Ed's ability to lead a well-organized team of highly qualified professionals to collectively shepherd RWLV through development and into successful operation," said Tan Kong Han, President and Chief Operating Officer of Genting Berhad. "After careful consideration of the Las Vegas market and perfecting our planned, cutting-edge resort design and amenities, we look forward to RWLV commencing full construction by the third quarter of 2017 under Ed's leadership."
"Resorts World Las Vegas presents a unique opportunity to bring the Genting Group's experience in developing and operating Asia's leading integrated resorts to the United States, offering visitors to Las Vegas a new and compelling reason to stay on the north end of the Strip," said Mr. Farrell. "I am grateful to KT Lim, the Chairman of the Genting Group, for placing his faith in me to execute his vision and deliver a once-in-a-lifetime project that Las Vegas and Nevada can be extraordinarily proud of."
Over the last year, the RWLV design and development team has been perfecting plans for the multibillion-dollar integrated resort located on the Las Vegas Strip on the site of the former Stardust Casino. In the next several months, construction activity on site will continue to ramp up with the installation of tower cranes to commence work on the casino podium and hotel towers. Site preparation and servicing work has already commenced and a large, 3,000-spot parking structure has been completed.
RWLV will employ approximately 1,000 construction workers on site by next year, increasing to several thousand in the two years leading up to opening in 2020. Once in operation, the resort will employ more than 3,000 union employees with thousands of more indirect jobs also being created.
"Significant time has been spent on design to ensure that Resorts World Las Vegas will not only feature the exciting gaming experience Genting customers all over the world have come to expect from us, but also to debut completely new and captivating entertainment concepts that will appeal to a wide range of visitors to Las Vegas – international and domestic alike," Mr. Farrell concluded.
Mr. Farrell has participated in the opening of several casino properties including the Mirage in Las Vegas; the Grand Casino in Gulfport Mississippi, as Vice President of Finance; Treasure Bay Casino in Biloxi, Mississippi, in the role of Chief Financial Officer; and Resorts World Casino New York City, as President.
