Las Vegas Sands Looking Into Possibility of Rival Casino Plans in Downtown

Categories: News
Las Vegas Sands, a casino resort company that counts Las Vegas's giant Venetian resort as its crown jewel, for years has been trying to butter up the Florida Legislature to allow gambling. The company was none too pleased when arch-rival Genting came into downtown Miami and announced a massive $3 billion plan for a megaresort and casino on the site of the Miami Herald. Now, Las Vegas Sands is striking back and is in discussions to take control of a massive stretch of the Park West area of downtown with plans to build its own megaresort and casino. 

The Sands is looking to take control of about eight blocks that were once designated for an über-development dubbed the Miami World Center, but the sluggish economy dashed those plans. Now the area, between North Miami and NE Second avenues and NE Sixth and 11th streets, is made up largely of parking lots and dotted by various nightclubs.

According to the Herald, however, the Sands would move forward with the plan only if the legislature grants company an exclusive gaming license in Miami-Dade (assuming, of course, that the legislature legalizes full gambling casinos in the first place). That would mean Genting and its Resort Worlds Miami plan would be without a casino, and likely dead. 

The proposed Sands resort would be comparable to Genting's plans, and both have a similar $3 billion price tag. 

So now, basically you have two of the biggest gaming companies in the world fighting to plop giant resort casinos in the middle of Miami. Genting is steps ahead, with plans and property already in place, but don't count out the Sands. That company has been waiting for years to pounce on Florida gaming and isn't likely to cede a casino in Miami without a fight. 

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Worldmediamanagement
Worldmediamanagement

Here we go again...the uneducated, the folks with apolitical axe to grind, the extreme left, the conservative right and the rest of us that have to struggle on a daily basis.  We that live in South Florida are lucky to live in a place where most people have to save all year to vacation here for only a week.  We live in paradise. With that being said, I am always for improvement of the City of Miami. We can't be judged by any similar guide.  We are not Atlantic City.  Atlantic city is a Boardwalk with hotels..a block west of the Boardwalk is the most run down area in the South Eastern US. Certainly a far cry from Miami. We are not Las Vegas..a hollow town built in the dessert with not much else going for itself and a history that has come and gone. We live in Miami. We have a variety of sports teams, a myriad of restaurants and cafes, we have cultural activities, we have a melting pot flow of people that live here, do business here, vacation here. Those that are scared of casinos, have an agenda...they just don't want to tell you upfront what it is. There is nothing wrong or new to casinos.  We now have, Jai Alai and Casino(which just got 150 million dollars from the Ste of Florida to remodel) The Indian (Miccosukkees and Seminoles) with major casinos that pay 20% back to the state. The Flagler Dog Track & Casino, Calder Race Track aand Casino, Gulfstream Park and Casino, Mardi Gras Casino and others...SO CASINOS ARE ALREADY HERE!!!!!.  Why the debate? If you were to tell me that a law to eliminate gambling is on the ballot, I would listen, but its not.  We are protecting who from whom? From the State owned para-mutuals? From the Indians? From the Mafia? Give me a break!!!!The truth of the matter is that there are dark and evil forces behind all this. People with financial agendas that would cringe if real casinos where in Miami. People like Nicky Aaronson owner of Carnival cruise lines, whom gambling may impact his cruise ships...(don't be a hypocrite Mr. Aaronson)or The Bahamas Special Interest Group, that would lose revenue from gambling (I could care less about Bahama Gambling) I care about Miami.Casinos will bring tourist..remember those? They are the reason Miami is Miami. We could use more convention space to attract big groups to Miami. Casinos will also bring in jobs and create a wider and more diverse economy. Don't be fooled. Miami is Miami and will benefit from casinos.  I am for American Casinos like Trump, Wynn or the Sands.  I say we give them a chance Read more here: http://www.miamiherald.com/201...

More criminals
More criminals

The criminals who own Genting now have competition from the criminals who run the Sands. Retirees don't care where they lose their fixed income checks. They go to Indian reservations, don't they?

Genting is buying vacant lots so they store the buses used to transport retirees from Century Village.

Jim Springer
Jim Springer

How can as Vegas Sands pretend that they are able to build this casino.  There is no way they will spend close to $3 billion.  They stopped construction on half of their projects in China when they ran out of money.  They are now trying to unload their bad investment on chinese citizens as a public stock offering - because no other businessperson wanted such a bad investment.  We need a resort developer who is able to finance it without "creative financing."

Tom Bennett
Tom Bennett

The Sands wants to build their casino in a very seedy part of downtown Miami, by the old arena and the homeless shelters.  It's a wasteland of cheap, foreclosed on vacant properties.  How can that compare with a casino on the waterfront, with a marina?  It can't.  The Sands wants a monopoly in south florida, and if they get it they might spend up to 3 billion but only if the legislature gives them exclusive rights to have a Miami casino license.  That's a pretty crappy deal for Miami residents.  I choose the Miami Herald Site.

Mikejone
Mikejone

I do not agree with how las vegas sands is trying to bully there way into miami but i personally think there is enough room for two casions espically if they are geared toward the tourist market...lets face it our economy (for now) is not built on fortune 500 companies its built on tourism,but I do have to say I am all for genting resort miami and it looks great but sands miami world center blows genting out of the water, miami world center looks and feels more miami...check it out here  http://www.youtube.com/watch?v...

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