Little Mention Of Resorts World Miami In Genting’s Latest Corporate Presentation

Publicly traded Genting isn’t telling investors much about their Resorts World Miami property in downtown Miami.

In a presentation prepared for the CLSA Investors’ Forum in Hong Kong last week, discussion of the Miami property was limited to half a page, buried at the very end.

Genting noted that for the full year 2015, the Hilton hotel that the company owns at the Omni enjoyed 83% occupancy.

The company also told investors that they have gained approval for a mixed-use project on the 30-acre parcel (no records of such an approval are on file at Miami’s Planning and Zoning Department.)

 

15 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
4 years ago

I’m over this project. Zzzz. ?

marc
4 years ago

Sell already.

Anonymous
4 years ago

i live at venetia across the street…dont expect ANY movement unless courts side with gulfstream and genting and allow slots on property…if they lose this round i expect it to be marketed….then new project will probably be major residential retail and commercial

Anonymous
4 years ago

I don’t want to lose my city views from Venetia, but it is inevitable 🙁

Anonymous
4 years ago

This is a scam.

Anonymous
4 years ago

It will be the year 2030 with the Miami skyline in full effect from all the completed projects and Genting will still be circling the wagon on that property.

Anonymous
4 years ago

Will be major project whenever it does happen.

Anonymous
4 years ago

Why dont we have a large scale convention center here? One near the large hotels and with easy access to beach and airport

Jay
4 years ago

One is already planned at Miami World Center a few blocks south

Edin
4 years ago

Miami needs to wake up,let GENTING build that Casino Resort, let’s make Miami real
Magic City.

Afi K. James
4 years ago

Sadly it won’t happen anytime thanks to Disney and the rest of the corruption.

Anonymous
4 years ago

Genting is an international foreign conglomerate, and Miami is piss in the ocean compared to their other developments. What do you expect? When the site eventually is redeveloped, hopefully it will be better and include the former Omni mall.

Anonymous
4 years ago

Oh I see everybody downvoted my comment because of their unrealistic ethnocentrism that Miami is somehow the center of the world.

IloveMiami
4 years ago

Sadly, I agree with you. Its that kind of fantasy that keeps us from truly becoming world class. I have written that here many times before. No real vision in Miami-Dade or Florida. I often wonder what would have (of), (sorry just had to do it), been if Disney had gone public with plans before they had bought all their land. Would central Florida still be Sleepy Hollow? Gatorland might still be open.

IloveMiami
4 years ago

Can you imagine what Vegas would be like if it had our beaches? What are we so afraid of?