Canadian design firm Moon World Resorts (MWR) is planning a $5 billion resort on the Las Vegas Strip.
According to the company, the site would be the second highest on the skyline, the largest spherical structure in the world, and would earn ten million visits annually in Las Vegas.
The 224-metre-wide hotel would comprise a 4,000-room casino, a cafe, a conference center and a space-themed walkway.
MWR founder Michael Henderson spent two decades developing the projects, with conversations about establishing resorts in Asia and Europe.
An unprecedented and innovative proposal in Las Vegas
“Moon World Resorts Inc. is a Canadian architectural design and intellectual property licensing company. It will license four luxurious and unique Moon Resort Destinations around the world,” said Henderson.
The initial project was originally planned for Coachella, Calif., in 2016, but that idea was “simply an option under brief consideration,” noted Henderson. “The area-specific tourism authority did not want large-scale projects and therefore our project was clearly not a good fit.”
Las Vegas, however, “welcomes” such large-scale projects; “In our opinion, it’s the state with the most progressive and professional planning authority; Nevada isn’t afraid of large-scale hospitality projects, it actually welcomes them,” said Henderson.
The resort designs were designed on land recently purchased by Wynn Resorts from Crown Resorts, with the project proposed a four-year time frame for completion. The resort designs were designed on land recently purchased by Wynn Resorts from Crown Resorts, with the design proposed four years for completion.
Nevada Sets New Record Monthly Casino Earnings
Nevada casinos set a new monthly earnings record, generating $1.36 billion in earnings in July. The state reported a strong number for the fifth month in a row, with the July total easily surpassing the record $1.23 billion set in May.
‘Las Vegas Strip House’ casino earnings grew 21% month-over-month to $794 million, with that total representing a 47% increase from July 2019, before the pandemic. And the number was a 140% increase from 2020.
