Developer Says That Genting Is Trying To Sell Resorts World Miami Site

An anonymous developer told the Herald that he “was shown” the Resorts World Miami site recently.

Genting, the owner of the site, denied that they have shown the property to a potential buyer. The company has been actively lobbying for a casino license, but hasn’t submitted any development plans to the city for at least two years.

It seems unlikely that any local developers are big enough to consider a deal for all of Genting’s property. The company owns:

  • Former Herald property (paid $236 million in 2011)
  • Omni property (bought notes on property with a face value of $206 million in 2011)
  • Property on west side of Biscayne Boulevard, including Checkers Restuarant