Rendering of Resorts World being built on the Las Vegas Strip. (Genting)

Strip resort neighbors have reached an claims that Wynn Resorts Ltd. raised against the $4 billion Resorts World Las Vegas project.

Wynn and Genting, developers of Resorts World, issued a joint statement Friday stating they had reached a settlement agreement on a dispute involving the design of the being built across Las Vegas Boulevard from Wynn Las Vegas and Encore.

“Genting’s Resorts World Las Vegas 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,” said Michael Levoff, senior vice president of public affairs and development for Genting.

“While the company believes the design to have had differences with Wynn and Encore’s once fully realized, 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,” Levoff said. “This mutually beneficial settlement will allow Genting to continue to develop Resorts World Las Vegas with minimal impact to cost and the overall project timeline.”

to argue the case before U.S. District Court Judge Gloria Navarro on Jan. 29

“Wynn Resorts’ world-renowned signature architecture and design are among the elements that have built our brand’s reputation for excellence,” said Michael Weaver, chief communications officer for Wynn Resorts.

“Resorts World Las Vegas’ initial design had elements which had similarity to our resorts in Las Vegas, Macau and Boston,” Weaver said. “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 Resorts World Las Vegas’ opening. Their future success will benefit all of Las Vegas.”

Resorts World, which is expected to open in 2020, faced the threat of having construction shut down under the temporary restraining order Wynn was seeking.

Wynn filed a five-count trademark infringement and unfair competition lawsuit Dec. 21.

The five counts of the suit list federal trade dress infringement; unfair competition and false designation of origin; federal trademark dilution; state trademark dilution; and

In a January response, Resorts World said its building would look dramatically different than Wynn’s properties upon completion. The company also said that if the project was shut down it would cost it an estimated $169 million and result in 500 construction workers being immediately laid off.

Currently, the buildings have a similar look with bronze glass and dark horizontal bands between floors, but a rendering released Friday by Resorts World showed vertical bands of red along the building’s sides.

Neither company had additional comments about the settlement or how it was reached.

Richard N. Velotta at or. Follow on Twitter.

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