Genting Gambles in Florida with Uncertain Results



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

They state cash talks, but in Genting Resorts World’s case, it’s maybe not been speaking as loudly as the company might like.

The asian gambling conglomerate has largely met with nothing but resistance despite pouring $236 million into a 14-acre waterfront Miami spread back in 2011 and then sprinkling millions more into pressuring state politicians to ‘adapt’ a construction law to accommodate a new $3 billion resorts World Miami casino project. So they’ve now decided for a new, less cumbersome direction for 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 casino that is new appears in a state, the very first thing that happens is some form of anti-gaming coalition forms; and Florida has been no exception to that rule. Anti-casino group NoCasino.org is even releasing a movie mid-January called Pushing Luck that claims to show a ‘sobering glimpse’ of ‘broken promises’ from casino operators.
According to Genting’s new partner Gulfstream, the racetrack holds an as-yet-unused video gaming license that gets the potential for use in either Miami-Dade or Broward counties, as the track rests just between the two areas. Gulfstream also b [Read more...]