Miami is Now Center of Attraction for Casino Groups
Whenever, majority of people used to think about Miami city, they will imagine wonderful beaches, attractive palm trees, hot weather and lively nightclubs. However, some of the people perceive Miami as one type of paradise in game. After all these, regulations of city place various restrictions on casino gaming and majority of wagering scenes of Miami will revolve across electronic games, sail ships and horse tracks. However, a drastic change can be seen in this department as majority of the casino compani9es have shown their interest in Magic City. Here is the look about all, which have seen in relation to the gaming future of Miami.
Resorts World Miami
Genting Group is very serious for construction of a casino in Miami, as they have purchased more than high value land worth $230 million in the city. Genting has headquartered in Malaysia. It already has lots of success with US casinos. As the fact, they operate cruise ships casino, which is based on Miami and hence have a quite strong relationship with city.
The plan of the Group is to construct a huge structure of 10million sq. foot, which is known as Resorts World Miami (RWM). On describing specifically, this resort incorporates 5,200 hotel rooms, 3.5-acre water area, 1,000 condominiums, ballroom, convention center, and more than 60 nightclubs, bars and shops, along with several restaurants. As the people have predicted it, the planning of the resort has not proved to be a cheap one. In fact, the price tag of Resorts World Miami (RWM) is $3 billion, while 30 acres of land has been already purchased. However, they are quite confident that the casino will be a great success for them.
Genting is one of the biggest casino groups, who are willing to claim his stake in Miami as Las Vegas Sands group is also willing to construct in this powerful paradise.Sheldon Adelson, CEO of Sands has mentioned that he would also like to invest about $3 billion as Genting Group has made in the Miami Sands casino. Adelson is also very active for lobbying local governments and politicians, for helping Sands group to get permission for constructing a casino in Miami. As per the master plan of Adelson regarding Miami Sands, project details are short and very few knowledge is present about exact numbers of restaurants, hotel rooms, shops etc. however, it is stated that the project of Miami Sands has perceived to be as ambitious asResorts World Miami.
Caesars/Gulfstream Park Deal
Genting Group and Las Vegas Sands are not the only companies, who have shown their interest in relation to Miami casino. In addition, Caesars Entertainment is keen towards expansion of Miami as they have talks with Gulfstream Park. However, it is ambiguous that what exactly the deal contains, but anyone can predict that it will involve two parties, who are working together for expansion, whatever Gulfstream Park already possesses. At present, Gulfstream incorporates hundreds of slots games as well as poker tables and is planning to build their racetrack. By assuming strong relation of Gulfstream Park with Caesars Entertainment, the facility would feature various table games for baccarat, blackjack and roulette. However, there exists a major barrier on the way of this as well as for other proposed planning for expansion of Miami.
Legality of the Situation
Miami will surely represent a profitable gambling market for all the well-known investing companies, who are willing for building new casinos for the purpose of its expansion. However, there exist only one problem regarding all designs and schemes that no one of the investing companies incorporate proper license for operating casino.
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