Can Miami handle the biggest casino in the world?
That was the question raised Wednesday as local leaders pored over a bill designed to bring three large casino resorts to South Florida, including one by Malaysia’s Genting Group. Genting is the only developer to detail its plans for the Sunshine State, proposing a $3.8 billion waterfront resort that will be larger than any hotel on the Las Vegas Strip and contain four times as much gambling space.
“When you look at the enormous size and scope of some of these projects, it just doesn’t make sense,’’ Phil Goldfarb, president of Fontainebleau Miami Beach, told Miami-Dade commissioners at a hearing on gambling Wednesday. “We’re most concerned about existing businesses.”
The massive scale of Genting’s proposed Resorts World Miami energizes both sides of the gambling debate in South Florida.
Critics see the urban resort scrambling downtown Miami’s ongoing revival and stealing customers from hotels and restaurants from nearby neighborhoods and Miami Beach. Supporters point to tens of thousands of construction jobs needed to build something so large, and the tens of millions in tourist dollars it would generate once open. Story here.