Genting Might Not Try to Build a Casino in Miami for Another 10 Years

Categories: Unreal Estate

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Malaysian gambling conglomerate Genting has taken its plans to build a casino in Miami from its initial fast and furious blitzkrieg to a long and slow waiting game. In the latest sign that the company is no longer in a hurry to plop a mega-casino downtown, Genting has allowed a tenant of the Omni Center, a property the company once eyed as a possible casino site, to sign a new ten-year lease.

According to the South Florida Business Journal, the Greater Miami Chamber of Commerce has announced it'll stay put in the Omni Center for another decade.

"There are no plans for the next ten years for any gaming in the Omni complex," chamber President and CEO Barry Johnson told the paper.

Genting Corp bought the Omni Center in 2011 shortly after it purchased the bayside home of the Miami Herald. At the time, company execs hoped they could ram a deal to legalize full-service casinos in South Florida through the Florida legislature, and said they could have had a casino up and running in the Omni Center in a matter of months.

Of course, such legislation never passed, and ever since, Genting has scaled back its Miami plans. The company appears to be making no renewed push to legalize gambling in the state, and this is just the latest sign that the plan is now on the backburner. The company's smaller plans for the Herald site also no longer include a casino.

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3 comments
Howyounihowmenow
Howyounihowmenow like.author.displayName 1 Like

Duh !  They just bought the Echelon lot on Las Vegas Blvd...  (87 acres)

Genting is bad for America...they will export money OUT of the US economy and destroy more jobs than they create...Not to mention they're 55% Chinese.

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