Plans To Build A Mega-Casino In Miami Brings Both Hope And Frustration To The State

However, there are certain groups that stand in opposition to these ventures, particularly people from religious sectors as well as other businesses such as hotels and restaurants, and even The Walt Disney Co.

According to the Genting Group, the concept behind Resorts World Miami is to create a casino resort that will be of epic proportions that will put together amazing architecture and world-class dining and entertainment options right along the shores of Biscayne Bay in Miami.

The group has already purchased waterfront real estate where Resorts World Miami is soon to rise. It is going to feature six towers inspired by marine environment and coral reefs. There is going to be there hotels, one convention center, over fifty restaurants, and a swimming lagoon which will be as large as a dozen Olympic-sized swimming pools.

The project is expected to be the largest casino in the world. But there are still on-going discussions regarding the fact that casino gambling is not allowed in Florida. Nevertheless, the Genting Group is confident because of the fact that the project is going to be able to help boost the economy as they are looking to provide an estimate of 100,000 jobs — a definite plus for the Genting Group.

The lawmakers in Florida have filed a bill to grant permission to build three casinos that will be taxed at a 10 percent rate which could very well generate approximately $250 million a year which the county officials feel positively about. However, critics of the project are worried about what the venture could mean to the economy including various hotels and restaurants in the area.

According to the city manager of Miami Beach, putting up 5,000 hotel rooms will provide 1.8 million room nights per year to the city’s current inventory which is good because the city has not been able to reach the target visitor rate.

Ever since the bill was filed, numerous opponents have started to take action which aims at a coalition involving conservatives as well as Seminole Indians who have been operating Hard Rock Casinos in the state. Even The Walt Disney Co. feels that such a bill is not consistent with the state’s reputation as being as family-friendly region.

State Sen. Ellyn Bogdanoff who supports the bill said that it would be an opportunity to regulate gambling since Florida is already the country’s fourth-largest gambling destination at the moment. Being able to regulate that would allow the industry to move forward in a better way.

Genting intends to push forward with the casino resort project regardless of whether gambling is to be approved or not. As of the moment, there are two other casinos from Las Vegas that are looking to pursue available opportunities in the state of Florida.