Genting Gambles in Florida with Uncertain Outcomes

Genting Gambles in Florida with Uncertain Outcomes

A rendering of one portion of the proposed Resorts World Miami Genting casino resort project; the $3 billion project still hasn’t received a high sign from Florida lawmakers.

They state money speaks, but in Genting Resorts World’s case, it’s not been speaking as loudly as the business might like.

Despite pouring $236 million in to a 14-acre waterfront Miami spread back in 2011 and then sprinkling millions more into pressuring state politicians to ‘adapt’ a construction legislation to allow for a brand new $3 billion Resorts World Miami casino project, the Asian gambling conglomerate has largely met with absolutely nothing but resistance. So they’ve now determined on a new, less direction that is cumbersome the Sunshine State: a slots-only project that would set them up with Gulfstream Park racetrack in Miami’s Key Biscayne area.

Antagonists Await

Of course, anytime a potential new casino operator turns up in a state, first thing that happens is some sort of anti-gaming coalition forms; and Florida has been no exclusion to that particular rule. Anti-casino group NoCasino.org is also releasing a movie mid-January called Pushing Luck that claims to show a ‘sobering glimpse’ of ‘broken claims’ from casino operators.
According to Genting’s new partner Gulfstream, the racetrack holds an as-yet-unused video gaming license that gets the possibility of use with in either Miami-Dade or Broward counties, as the track rests just betw [Read more…]