Why THIS Eyesore Replaced the Mob-Run Stardust Resort in Las Vegas?

Since its inception, Las Vegas has been portrayed as the epitome of opulence, and luxury. While this reputation aided in transforming the city into what it is today, it has also negatively impacted “Sin City”. When the Great Recession of 2008 hit, no major city felt its devastating effects to the extent of Las Vegas. The majority of tourists could no longer afford to spend exorbitant amounts of money on travel, especially to places as highly priced as the Strip. Thus, tourism and casino revenues plummeted, leaving thousands without work. The Recession also took a toll on multiple developments, leading to the bulk these projects halting construction. One of the more notable failed Strip projects was Echelon Place, now known as Resorts World.

Initially, Echelon Place was supposed to be the replacement for the Stardust Resort and Casino. (I cover why the Stardust closed in this video) However once the Great Recession hit, Echelon was sold to Genting Gaming. Genting purchased the property with the intentions on opening Resorts World Las Vegas. Construction progress has varied throughout the years, but it appears Resorts Worlds opening date will be sometime in 2020. This is due to the Resorts World Construction Cam which is live throughout the week, and the Resort worlds renderings being released.

In this video I will cover what replaced the Stardust Resort in Las Vegas. I will also cover what has happened with Echelon Place (Development that was intended to replace the Stardust), and then Resorts World Las Vegas.

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Видео Why THIS Eyesore Replaced the Mob-Run Stardust Resort in Las Vegas? канала Abandoned Explained