The Future Of Casinos In Florida

MIAMI (AP) — The recession and real estate collapse have left Miami in need of jobs — and some casino developers think they can offer a solution.

They say Miami can become an East Coast version of Las Vegas.

Malaysia-based Genting Group, which runs a massive casino in Singapore, has already spent nearly a half-billion dollars to acquire property in downtown Miami. The group plans to build a sprawling $3.8 billion complex designed to look like coral.

But this new vision for Miami will require approval from the Republican-led Legislature and Gov. Rick Scott, and that’s not a sure bet.

Casino backers have already begun a full-tilt lobbying effort. It appears the debate over gambling will be one of the biggest issues lawmakers deal with during the session that starts next month.

Source: Associated Press

SHARE
News Talk Florida Staff