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LAS VEGAS, Nevada (KSNV) -- A massive new resort is in the works for the Las Vegas Strip.

The Genting Group, a Malaysian based multinational company, plans to spend seven billion dollars to build the 3,500 room Asian-themed resort.

The project known as "Resort World Las Vegas" will take over the former Stardust casino site.

The Stardust was closed to make room for a new casino known as "Echelon", but that project stalled and eventually failed.

Genting hopes to break ground later this year.

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