LAS VEGAS, Jan. 28, 2019 /PRNewswire/ -- Resorts World
Las Vegas (RWLV) and Wynn Resorts today jointly announced that the
companies have reached a settlement agreement on a dispute
involving trade dress and copyright infringement claims
surrounding the design of the $4 billion RWLV project.
"Genting's Resorts World Las Vegas project will be the launching
point for the next generation of integrated resorts, and the
aesthetics of the project will play an important role in its future
success. While the company believes the design to have had
differences with Wynn and Encore's once fully realized, after
further consideration and conversations with the Wynn team, we have
directed our design team to make several changes that will clearly
differentiate the two properties," said Michael Levoff, Senior Vice President of Public
Affairs & Development, Genting. "This mutually beneficial
settlement will allow Genting to continue to develop Resorts World
Las Vegas with minimal impact to cost and the overall project
timeline."
"Wynn Resorts' world-renowned signature architecture and design
are among the elements that have built our brand's reputation for
excellence. Resorts World Las Vegas' initial design had elements
which had similarity to our resorts in Las Vegas, Macau and Boston. The new design changes offered by
Genting will resolve the concerns we expressed about the similarity
of the design," said Michael Weaver,
Chief Communications Officer, Wynn
Resorts. "We welcome and look forward to Resorts World Las
Vegas' opening. Their future success will benefit all of
Las Vegas."
About Resorts World Las Vegas
Resorts World Las Vegas
(www.rwlasvegas.com) is a US $4
billion, Las Vegas Strip, integrated resort currently under
construction and being developed by the world-renowned Genting
Group. RWLV will include over 3,400 rooms in multiple hotels;
a variety of restaurants; an innovative, next generation gaming
space; numerous retail offerings; and a top-tier nightlife venue.
The first ground-up resort on the Las
Vegas in over a decade once opened, RWLV is being designed
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 initially open at the end of 2020. The Genting Group
(www.genting.com) comprises the holding company Genting Berhad
(Bursa Malaysia: KLSE 3182) 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.
About Wynn Resorts
Wynn Resorts, Limited (Nasdaq:
WYNN) is traded on the Nasdaq Global Select Market under the ticker
symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns
and operates Wynn and Encore Las Vegas (wynnlasvegas.com), Wynn
Macau (wynnmacau.com), Wynn Palace, Cotai (wynnpalace.com), and is
currently constructing Encore Boston Harbor in Everett, Massachusetts
(encorebostonharbor.com), scheduled to open summer 2019. With a
collective 16 Forbes Travel Guide Five-Star Awards, Wynn Resorts is
the highest rated independent hotel company in the world.
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SOURCE Wynn Resorts