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May 17, 2017

Gaming Industry Veteran to Develop and Operate Las Vegas’s First Ground-Up Resort in Nearly a Decade

Multi-Billion Dollar Integrated Resort Slated to Open in 2020 with Full Construction Commencing in Q3 2017

Las Vegas, Nevada, USA – 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 on 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 $4 billion 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.

About Resorts World Las Vegas

Resorts World Las Vegas (www.rwlasvegas.com) is a multi-billion dollar, Las Vegas Strip, integrated resort being developed by the world-renowned Genting Group. RWLV will include multiple, unique hotels; multiple restaurants featuring a variety of authentic and regional cuisines; an innovative, next generation gaming space; numerous retail offerings; and a top-tier nightlife venue. The resort is being designed from the ground up to appeal to both gaming and non-gaming patrons with a special emphasis on technology and first-to-market product offerings. RWLV is slated to open in 2020 and construction has commenced.

About the Genting Group

The Genting Group (www.genting.com) comprises the holding company Genting Berhad and its listed subsidiaries; Genting Malaysia Berhad, Genting Plantations Berhad and Genting Singapore PLC. The Group is involved in leisure and hospitality, oil palm plantations, power generation, oil and gas, property development, life sciences and biotechnology activities, with operations spanning across the globe, including in Malaysia, Singapore, Indonesia, India, China, the United States of America, Bahamas and the United Kingdom.

In the core leisure and hospitality business, the Genting Group and affiliate Genting Hong Kong Limited market and offer a suite of products under a number of premier brands including Genting, Resorts World, Genting Grand, Genting Club, Crockfords, Maxims, Crystal Cruises, Dream Cruises and Star Cruises. Genting companies also have partnerships with established brands such as Universal Studios®, Twentieth Century Fox®, Simon Premium Outlets®, Hard Rock Hotel® and other renowned international brands.