The Genting Group announced Monday that it is buying the site where Boyd Gaming Corp.

NPR: Stalled Las Vegas Strip Project To Get New Owner

The Genting Group said it plans to break ground on the new project in 2014, and open in 2016, creating tens of thousands of jobs in the process.

NPR: Stalled Las Vegas Strip Project To Get New Owner

The Genting Group announced Monday that it will break ground in 2014 on the 87-acre site where the partially built Echelon project has sat for nearly five years, put on indefinite hold by Boyd Gaming Corp.

WSJ: Asian firm buys site of stalled Vegas Strip casino