KUALA LUMPUR (Jan 29): Resorts World Las Vegas (RWLV) and Wynn Resorts jointly announced on Monday that both companies had reached a settlement agreement on a dispute involving trade dress and copyright infringement claims surrounding the design of the US$4 billion (RM16.45 billion) RWLV project.

RWLV is an indirect wholly-owned subsidiary of Genting Bhd.

In a statement today, Genting senior vice president of public affairs and development Michael Levoff said: "Genting's RWLV 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 realised, 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," he added.

Levoff said the mutually beneficial settlement will allow Genting to continue to develop RWLV with minimal impact to cost and the overall project timeline.

Meanwhile, Wynn chief communications officer Michael Weaver said Wynn's world-renowned signature architecture and design are among the elements that have built its brand's reputation for excellence.

"RWLV's 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.

"We welcome and look forward to RWLV's opening. Their future success will benefit all of Las Vegas," Weaver said.