Genting Strikes Deal For Gambling At Resorts World Miami, Sues County

Genting pulled the trigger late last month on a new scheme that could bring thousands of slot machines and card games to the Resorts World Miami site in downtown Miami.

A court could decide on the legality of the maneuver, which aims to transfer a pari-mutuel permit from Gulfstream Park.

On April 25, an affiliate of Genting signed a lease with Gulfstream Park Thoroughbred Aftercare Retirement Program, Inc. for space at the Omni, where they would operate pari-mutuel wagering.

The Gulfstream permit allows for slot machines and card games to be operated the same site where pari-mututel wagering is taking place.

Two days later, Genting filed a lawsuit that named State Attorney Katherine Fernandez Rundle and Miami-Dade County, seeking a declaratory judgement that would clarify the legal rights of Gulfstream to operate there.

At issue is whether Gulfstream’s permit can be used in Dade, or whether it is limited to use in Broward.

Gulfstream had asked for permission to relocate the permit to Dade after striking a deal with Genting in 2014, but the state’s Division of Pari-Mutuel Waging notified Gulfstream that the permit was only valid in Broward.

 

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Oscar
5 years ago

A resort of the proposed size with or without gambling would be disastrous to the area. Like Gables said, we’ve seen this in dozens of cities. One report showed that for every restaurant opened inside a new resort, three outside it closed. These things are designed to keep tourist dollars within their walls and are not good for the local economy. This would be a parasite that sucks on our already healthy tourism sector. I hope they sell the land and we can have something productive built there.

Jimmy
5 years ago

Just don’t go

Oscar
5 years ago

Jimmy learned how to use ctrl+v. Providing an actual argument? Not so much.

This Isnt Your Typical Dade Casino
5 years ago

Finally, a compelling counterpoint.

suomynona
5 years ago

So I’m assuming you were against Brickell City Centre opening and are against the proposed mall in NW Dade? After all, they’re large, self-contained developments, too.

This property is how big, ~5 blocks?

If they build 5 towers (one for each block) and 10 shops and restaurants are on the first floor of each tower, how is that any different than 5 separate condo developers building their own tower on each block and having 10 shops and restaurants on the ground level of their condo towers?

Why does it matter if the restaurants are in a resort versus stand-alone shops? Does the resort not employ local residents just the same as a stand-alone shop would? Half of these large developers in Miami aren’t from Miami. They’re making their money here and then taking it back elsewhere. That’s no different with Genting.

Why not just mandate Genting has to have street access to the shops and restaurants for the public who isn’t staying at the resort if that’s the complaint?

My biggest desire is to not close any streets for this project. And if they’re going to connect each tower with a massive amenities deck that stretches over the streets (like shown in their renderings), restrict the amenities deck from being any closer than 50ft above the street. There has to be some natural lighting on the street and I’d personally like to limit the visual perception of this being a large compound secluded from the rest of downtown.

Oscar
5 years ago

Comparing Brickell City Centre to Genting’s proposed resort is a straw-man argument. A retail mall is not a casino resort. The fact that they both have dining components does not make the same.

1. Firstly and most obviously, a mall is not a resort. Tourists don’t come and live in a mall. A mall closes. While I’m sure a massive mall could devastate a well-developed retail market, that’s not what we have here. Miami, over the past 20 years, has been one of the most underserved retail markets of any major American city. That has been especially true in the urban core. So, while BCC will definitely add competition to the retail market there, it’s a robust market with more room for growth. Most of the retailers in the urban core are already national anyway so it’s not like they’ll be siphoning profits away from the local economy. Moreover, even if a mall visitor plans to spend the entire day at and only at BCC, on the way to and from the mall – again, this place closes – they’ll encounter the rich retail and dining offerings of the Brickell area.

Brickell City Centre is also targeting high end stores many of which do not have a presence in Miami. These stores might very well divert sales from Bal Harbor and the Design District. The money won and lost between national or even international developers makes no difference. Outside the casino, the main venues at Genting’s resort would be restaurants and entertainment which will compete and likely decimate the couple of dozen locally-owned establishments that have opened in the area. Instead of eating+drinking downtown, or Wynwood, or even Midtown and MiMo area, visitors to the area will just stay in their hotel and eat there.

2. While Genting will surely employ Miamians just as any other business here does, I’m not sure we can assume that each Genting restaurant will employ the equivalent of 3 current restaurants. As we’ve seen in other parts of the country with robust tourist economies, for every restaurant opened in a resort, three close outside it. While BCC will certainly compete with other retail in the urban core (most of which is national anyway), this 1 for 3 is resort specific. Even more painful in this case is that those restaurants, many of which are locally owned, will be yielding their profits to an international company which will swiftly export those profits overseas. The last thing Miami needs at this stage is to export capital that is currently being reinvested here. Swire might certainly do the same but they have an office here and also have a 20+ year history in development and investment in Miami. It’s just as likely that a fair portion of those profits will remain here to continue those efforts.

At the end of the day, there’s no need to speculate. Large resorts have opened in countless places many of which have robust tourist economies. One only need to look at what happened in those places to arrive at the same conclusion: If you already have a healthy tourist economy, allowing someone to build a massive, all-inclusive resort will cannibalize from what you already have and, in the cases of an internationally-owned corporation, siphon profits out of your local economy.

suomynona
5 years ago

There are rentable units AND a hotel at Brickell City Centre. Someone can sleep, eat and shop in BCC for days without having to leave the premises. Just because there isn’t a pool or a slot machine in BCC doesn’t mean it isn’t similar.

But at least you answered my question: You do not hold all properties to the same standards.

Gables
5 years ago

I hope this fails. Let them sell the land and move on. Regardless of what people will say on this blog, research from dozens of cities over many decades show that gambling has a detrimental effect on cities.

Flymia
5 years ago

This thing is. Miami ALREADY has gambling and tons of it. Hard Rock, Micousokee, the race tracks, the dog tracks. If someone wants to gamble their life savings away, wants to become addicted to slots or cards games they can already do this in Miami.

Where is all the crime? Where are all the horrible things?

The only thing casinos would do is add more tax money, more tourist, and more jobs. This is not Atlantic City, Miami has more to offer than just casinos and always will.

marc
5 years ago

Not in downtown, our cultural center. Keep that crap in the areas it already is in which are in crappy parts of town or in the boonies.

suomynona
5 years ago

Why is it crap? And why would it be good for those low SES neighborhoods to be the recipients of more “crap”?

I don’t buy the suggestion that this project would ruin downtown or Miami. I think it would probably increase tourism, though I’m not theorizing it would be a huge increase. I also think this whole “bring more jobs” and “diversify the economy” crap some are spewing in here is exactly that: crap. Just like that massive mall proposal in NW Dade, this isn’t going to bring high-paying skilled jobs to the community. It’s more low-paying, unskilled retail and service industry which Miami has in abundance.

Do I think this project will put Miami “on the map” or “transform” its downtown? Nope. Though the project would clearly be a boon to the neighborhood’s aesthetics, downtown’s skyline and the baywalk (any project here would offer the same).

But do I think this project will be a detriment to downtown and Miami? Again, nope. I’ll probably rarely go. I’m just not big into gambling (ie, not big into throwing away my own money). But tourists will go, and yes, local degenerates, too.

I don’t get why some people are so against or for this project, honestly.

Marc305
5 years ago

I would not call myself a local degenerate, but I am with you. I would hit this place a few times a year for sure!

This Isn\'t Your Typical Dade Casino
5 years ago

I love Miami but some of you should do some soul searching and really think about the true culture of our amazing city. Get real.

This Isn\'t Your Typical Dade Casino
5 years ago

Well said.

Jimmy
5 years ago

Man shut up and mind your on business.just don’t go period! Save your breath on something else.

claro
5 years ago

Miami already has bad publicity, and a huge casino will not improve Miami’s level…we need to stop being a resort city and aspire to be a real city with high cultural level, good schools and institutions, and definitely paying jobs.

ANON
5 years ago

They will not probably not use the same design if this happens as the market has changed. Revpar is down for hotels and condos are not selling at the same pace as they were. This will clearly be a bait and switch. Here are reviews for their newst casino in NYC: https://www.yelp.com/biz/resorts-world-casino-new-york-city-jamaica-2?start=20

Marc305
5 years ago

Casinos seem to bring out a lot of emotions from people, both for and against. I am not a gambler, never have been, never will be. However, I did live in Hollywood before and after the Hard Rock was built, and all I saw was an improvement in the area. Even now that I live in Brickell I go there once every couple of months to enjoy a nice meal, catch a comedy routine, or hit a nightclub. I would love to have something similar in Downtown and I think this project will compliment the PAC, Skyrise, Miami World Center and the many other projects being built around it.

Anonymous
5 years ago

I like the project in general but will be nice without the casino

Jimmy
5 years ago

Just don’t go

Edin
5 years ago

Finally!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AAF,now GENTING,Metro to Miami Beach next.Go Miami f#@& Chicago, New York, Boston.
Please HEAT win in Toronto tonight.

Jimmy
5 years ago

All the people talking s I bet they will go. Bring the gambling!

Anonymous
5 years ago

Casinos opening- especially a huge one like this, can contribute to a drastic increase in crime (studies have shown an additional 25-75 additional crimes per 100,00 residents after a casino opens). In addition, 15% of convicts surveyed in areas with casinos attribute the reason of their crimes to gambling. Yes, we have casinos already in SOFLO, but we don’t need anymore.

Tom
5 years ago

Genting is desperate. Hopefully, the court turns them down. They should find another location and if people’s argument is that it will bring jobs and revitalize the neighborhood then take this to Little Havana or other areas that need it. The Arts District is no place for this.

Anonymous
5 years ago

This is probably their ace in the hole. Without this they will definitely try to unload the land.

Anonymous
5 years ago

I think its great. More things to do. That’s what makes for an interesting big urban city.

Anonymous
5 years ago

Let’s build the casino without the gambling since we already have an Art museum without Art Work !!!! Build something the empty lot is one eye sore for 3 years almost!!!!

Anonymous
5 years ago

Great setting for a beutiful park like the one in Singapure infront of the bay with the hanging gardens and a version of a Miami Flyer. (A giant ferris wheel similar to the ones in London and HKG).

Maybe we can complement it with the best public schools of the city. Imagine our kids growing there, next to the museums, the cruise ships, the ocean. Just dreaming…

Edin
4 years ago

Keep dreaming!!!

Progress
5 years ago

Face the fact that Miami is growing and will be the next Manhattan. Progress can not be stopped. The number of employers and residents is growing and will continue over the next several years. Resorts world Miami will bring in more tourist, convention etc. The biggest corporation against them is Disney in Orlando because it would take convention tourists away from them. Miami has been fully discoveredand continues to bring in more residents and tourists. It’s the Brickell Avenue residents that drive less than one mile to work downtown that I hear complaining about the traffic it will create. They are too lazy to take the people mover or walk a short distance. Progress is here to stay and grow and sorry if we don’t like it move to a small city in the Midwest. Viva Miami. As Trump would say, Get them out of here. Speaking of Trump don’t be surprised if he buys out one of the few Condominiums on Brickell Ave. with a huge parking lots to Build a Trump Brickell Condominium. It’s Progress and we have to live with it. Look at Coco Walk in Coconut Groce and the Subset shopping center in So. Fla. they are going to renovate to compete with Brickell City Center. Progress can’t be stopped and the new jobs created will make Miami a better place.

Afi K. James
5 years ago

We must build this casino and condos here.

Anonymous
5 years ago

I really do hope Resorts World Miami gets done as originally planned. I love that architecture and adding thousands of slot machines and card games would be huge and “additional” excitement to the downtown area. Hopefully sooner than later.

suomynona
5 years ago

I absolutely hated that Arquicraptonica design.

Anonymous
5 years ago

I actually thought it’s been one of their best.
Subtle and yet understated.

suomynona
5 years ago

Definitely not subtle. At all. But if you like the design that’s your prerogative.

Anonymous
5 years ago

We need this development. Miami-Dade needs to diversify its economy. End of story.

suomynona
5 years ago

This is a silly argument.

Diversify the economy? Because low-paying, service-industry jobs are lacking in Miami? Because Miccosukee, Magic City, Hialeah and Calder aren’t already providing gambling services (not to mention Hard Rock, Mardi Gras and Gulfstream just across the county line in Broward)?

This Isn\'t Your Typical Dade Casino
5 years ago

Your ignorance is not blissful. The aforementioned service-industry jobs will help administer a major tourist attraction not similar to any casino-related establishment in the South Florida area (including Hard Rock). The niche clientele Genting is going for are to the likes of the Chinese and other tourists that Miami-Dade cannot say it has an abundance of now. Do your research on the RWM project (at least four years worth of reporting) and you will see the unique possibilities of this development.

Anonymous
5 years ago

Do we really want scads of obnoxious and rude Chinese tourists running around the area?

Anonymous
5 years ago

if they tons of money to spend….YES!!

suomynona
5 years ago

Ignorance?

Tell me how a casino is going to “diversify the economy” of Miami. This will bring thousands of low-paying, tourism-driven service industry jobs, which Miami already has in abundance.

It WON’T diversify the economy. I’m mostly in favor of this project. Just don’t lie to me and say it’s going to “diversify the economy” because that’s nonsense.

Anonymous
5 years ago

Well said. This will benefit Miami. Disney wanted to build on 163 Street and Biscayne Blvd. and the backward people rejected it and Disney went to Orlando. Let’s not make the same mistake again. Miami is destined to be a major diversified City.

Anonymous
5 years ago

Hope it goes through, Resorts World Miami would be incredible. Best architecture in the city?

suomynona
5 years ago

Best example of crappy architecture done by crappy architecture firm Arquitectonica? Yes. Definitely.

Jimmy
5 years ago

Agree bring the casino lol

Anonymous
5 years ago

I love the original Resorts World Miami plan. It’s amazing and it’s what Miami needs. Let’s get it done!