Genting Malaysia 10yr Tourism Plan To Focus On Non-Gaming Facilities
Gambling giant Genting Malaysia started implementation of its 10-year Genting Integrated Tourism Plan (GITP) back in 2013 and has committed to investing RM10 billion (€2.2 billion) to give its Resorts World Genting (RWG) facility a massive makeover. The plan is being rolled out in different phases and the main focus of the plan is to add a number of non-gaming facilities.
However Genting Malaysia Chairman and Chief Executive Tan Sri Lim Kok Thay confirmed that the plan involves increasing the number of gaming tables at the facility without increasing the gaming floor area. In a statement, Kok Thay said
We would start to ‘soft open’ part of it at the end of this year, and progressively roll everything out next year. There will be a new gaming venue but no expansion. If you can fit more tables into the same space, why not?
The Genting Integrated Tourism Plan (GITP) will also look to upgrade and expand various facilities and attractions at the Resorts World Genting property. The plan is to unveil them in stages and the first round will be by the end of this year. The first phase of the 10 year plan will see the launch of the Twentieth Century Fox World theme park which is being developed at RWG with an investment of over RM2 billion. The park is expected to be one of the biggest attractions at the facility and will introduce new state of the art rides once the park is opened to the public.
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Another unique offering at the facility will be the Sky Avenue mall which is being designed as a lifestyle mall and shopping destination located almost 6,000 feet above sea level.
Genting hopes that these distinctive attractions will help achieve its target of bringing in 30 million visitors to RWG by the year 2020. The investment for the first phase has been increased from RM4 billion to RM8.11 billion.
The casino is also boosting its amenities to support the expansion. Parking space has been increased by 8,000 car park bays which will bring the total parking bays to 18,000. A new high-speed cable car system will be introduced which will carry twice the number of passengers than what the current system does. The resort’s expansion will also result in additional 7,000 new employees for whom accommodation will be built.
Phase 2 of the GITP will see the development of luxury hotels at Resorts World as well as a massive entertainment arena having a seating capacity of 10,000. Capital investment for this phase has been estimated to be in the range of RM2 billion.
Posted on: 26th October 2016 by: Gary Beachley