Bill Would Allow Three New Mega-Casinos in South Florida

Categories: News
Genting's Resorts World Miami may have the most concrete and eye popping plans, but if the Florida legislature approves resort-style casinos don't expect it to be the only mega gambling venue to pop up in our community. Two South Florida Republicans are preparing to unveil their gambling bill as early as this week, and the plan would allow, if not encourage, three multi-billion dollar casino resorts in Broward and Miami-Dade. 

Rep. Erik Fresen, R-Miami, and Sen. Ellyn Bogdanoff, R-Fort Lauderdale, could file their identical bills as early as Friday, and according to The Herald those bills will allow three casinos. Any company bidding for the gaming licenses would have to make at least a $2 billion-dollar investment in the facilities.

In other words, these casinos would have a big, immediate economic impact on the area. Of course, with that would come other big, immediate impacts on traffic, local culture, crime, and the competitiveness of non-casino resorts.

Though, the bill would control the actual gambling somewhat. Only 10 percent of the square footage of the resorts could be dedicated to the casinos. The gaming area would also have to be visually blocked off from the rest of the resort, so, you know, non-gambling visitors won't be subjected to the visual scourge of roulette wheels, we guess. 

As for taxes: the state would only collect a 10 percent tax on net gaming profits from the casinos. That's compared to the 35 percent taxes levied on parimutuel gaming facilities. 

With Genting's plans moving fulls peed ahead, other large gambling resort companies are now looking at South Florida with hungry eyes. Earlier this week we learned that Las Vegas Sands was looking into taking control of a large portion of the Park West district of Downtown to build its own casino resort (though, they say they'd only move forward if they had an exclusive gaming license in Miami-Dade, something not in the cards under the bills). 

Meanwhile, Caesars Entertainment is rumored to be in talks with Gulfstream Park, and now Wynn Resorts is looking at possibilities. The Seminole tribe, which operates the Hard Rock Casino in Hollywood, would also like to expand its operations, and several parimutuels are looking to get in on the action as well.

Seems like Genting's plans for the Herald site may have opened this Pandora's box of gambling. First it's three casinos in South Florida, but who know whats the future holds. 

But, hey, they'll bring high paying, respectable jobs, right? Maybe one of these casinos will even let you bet on dwarf tossing

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Live Casino
Live Casino

This is a great news for all those who are fan of playing casino games.. I must say that the trend of online casino games is also increasing these days and many people can be seen playing and winning the jackpots..

Wendy Frish
Wendy Frish

I ALWAYS lose at the Indian tribes casino.  They are rigging the games - I am sure of it.  There is no regulation on the tribes - they do what they want and keep everything hidden on the reservation.

Jeremy North
Jeremy North

Once these new casinos are built that Seminole dump will close down.  NO one ever wins there.  The indians that run it are criminals  THey just suck the money out of all of us and pump it into the tribe.  Good riddance

Stuart Dishmon
Stuart Dishmon

The Seminoles "exclusive right" to screw the rest of us will be over soon.  Its about time they got some good ole American competition.  Thanks Genting.  Welcome to Miami!

Fred Mariner
Fred Mariner

Give the indians some competition.  They have had a monopoly on gaming in Florida and have used that monopoly to rip off our state and scam their own customers.  If we are going to have gambling - which we already have - lets let companies who are willing to invest in our community, create jobs and not rip off customers.  I'm tired of all our money going to a reservation in the middle of the everglades

Addicts unite
Addicts unite

Do not be deceived. None of the prospective gambling companies are based here. All want to build sites to attract and retain addicts. They will want to capture every penny spent by their customers. Genting plans 50 restaurants, 20 bars, 100 retail stores a massive casino... Genting wants every cent spent on site. No other businesses will benefit, in fact, many restaurants and bars not owned by Genting will lose business.

MiamiVice69
MiamiVice69

I think this is a great idea that will bring jobs to South Florida.  I saw the pictures online of the resort and believe it would add some class to Miami. It is far time we move away from the Indian Casinos.  They are unregulated and don't help Floridians.  It is like the mob, but untouchable to Florida Laws.

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