Genting is studying the possibility of expanding its land holdings in Miami, the company told investors last year.
In a June 2020 shareholder Q&A session, the company said it was “looking at various opportunities to enhance its surrounding land bank” at Resorts World Miami.
It is now a decade since the company first purchased property in Miami.
Genting has been quietly planning new ventures in Miami over the years, and is a partner in the Miami Beach Monorail project that was recently approved.
The company is also planning a hotel and residential tower at the Omni bus terminal owned by the county, and a marina in Biscayne Bay.
In 2011, Genting paid paid $236 million for the former Herald property and later announced plans for a massive casino project.
That same year, the company purchased $206 million in debt for an undisclosed sum on the former Omni mall and hotel to take control of that property.
Later, the company expanded and purchased additional property on the west side of Biscayne Boulevard across from the Omni, including the Checkers property.