Genting Group is buying the site of a planned hotel and casino in Las Vegas for $350 million.

The property, owned by the Boyd Gaming Corp. (NMYSE: BYD), was supposed to be the home of Echelon Place, a hotel and casino. Construction on the project stopped in 2008 due to the economic downturn.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.