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Genting Group moves forward with Las Vegas project

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RESORTS WORLD LAS VEGAS SELECTS CONSTRUCTION MANAGER AND AWARDS MORE THAN $400 MILLION IN CONTRACTS

W.A. Richardson Builders to Manage Construction of Genting Group’s Multi-Billion Dollar Las Vegas Resort

 

Resorts World Las Vegas (RWLV)  announced the selection of W.A. Richardson Builders, LLC (WARB) as Construction Manager for the first, ground-up, integrated resort development on the Las Vegas Strip in a decade. WARB will manage all aspects of construction on the 87-acre site, previously the location of the former Boyd Gaming “Echelon” site and Stardust. Las Vegas, NV – Resorts World Las Vegas (RWLV) today announced the selection of W.A. Richardson Builders, LLC (WARB) as Construction Manager for the first, ground-up, integrated resort development on the Las Vegas Strip in a decade. WARB will manage all aspects of construction on the 87-acre site, previously the location of the former Boyd Gaming “Echelon” site and Stardust.

Additionally, RWLV announced that it has, up to Monday, awarded more than $400 million in contracts ranging from bulk orders for concrete and steel to tower crane equipment and operators.

Bill Richardson has tackled complex, multi-billion-dollar projects in Las Vegas on time and on budget. We are confident that he and his team have the know-how to ensure that Resorts World Las Vegas will be constructed to the highest standards with maximum flexibility for future growth,” said Edward Farrell, President of RWLV. “In light of the recent tragedy in Las Vegas, we are proud to be able to commence significant construction on our site as well as recommit ourselves to our local community.

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WARB, headquartered in Las Vegas, has been providing RWLV with pre-construction services, including infrastructure and utility work, the completion of the main parking structure, preliminary steel and foundation work, and permitting and remediation across the site to prepare it for the commencement of construction. WARB’s contract as construction manager is being finalized over the next month.

We thank the Genting Group for the opportunity to assist them in building this next generation resort on the Las Vegas Strip,” said Bill Richardson, Principal of WARB.  “We are proud to bring our years of experience in building mega-resorts on time and on budget to Las Vegas’s newest casino operator.

Bill Richardson and partner Yvette Landau have more than 30 years of experience in constructing large scale projects in Las Vegas.  Richardson was general contractor for Mandalay Bay, Monte Carlo, The Linq and The Cromwell and has completed major renovations and expansions to Luxor, Circus Circus and numerous Caesars properties. Richardson is a certified women’s business enterprise with Landau leading efforts to ensure Resorts World maximizes its use of local, diverse labor.  Resorts World is committed to using union labor throughout construction.

Today also marks another important milestone in fully mobilizing this amazing project as over $400 million worth of contracts have now been awarded to date,” added Farrell. “Through competitive Request for Proposal processes, we have selected leaders in their respective fields to provide that critical materials and services required to quickly mobilize the project.

RWLV will offer guests, locals and visitors to Las Vegas a unique Asian flavored gaming and resort experience. From the architecture inspired by modern Shanghai and Hong Kong to authentic Asian cuisines from Bangkok to Beijing, RWLV is committed to bring the sights and sounds of modern Asia.

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RWLV is expected to open in 2020. Details of the various amenities being offered at RWLV will be announced throughout construction.…

The post Genting Group moves forward with Las Vegas project appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

Alejandro Navarro

Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform

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Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.

Opening Casino Ownership to Everyone

The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.

This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.

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“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.

Direct Profit-Sharing Through Tokens

Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.

“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.

Global Growth of Online Casino Ownership

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The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.

Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.

The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.

New Opportunities for Investment

Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.

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Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

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eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

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“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

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BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

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