Republican Releases Bill That Would Allow Casino Resorts In Miami, With High Entry Barrier

A bill that would permit destination resorts was released by House Majority Leader Dana Young yesterday, but the cost will be high for potential casino operators.

Genting, Las Vegas Sands, or other interested operators would be required to:

  • Build in Dade or Broward
  • Spend $2 billion (NOT including property acquisition costs)
  • Buy out permits from existing pari-mutuel operators
  • Pay at least $175 million in taxes per year. Estimates are that casinos would bring in $500 million – meaning a 35% rate
  • 90% of space at the resort must be devoted to non-gambling use

… among many other requirements.

A companion bill in the Senate has yet to be filed.

 

The full bill below:

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Anonymous
6 years ago

Typical bait and switch
No one will approve urban casinos in Miami or Miami Beach.
They are getting really desperate to do something after all these millions of lobbying.

Obviously
6 years ago

Voters in Miami already said “YES” to casinos. I would like to see casinos limited to the city of Miami only.

Ed
6 years ago

When did voters approve casinos? I have not seen it on the ballot in the past few years.

Flymia`
6 years ago

When the county allowed horse and dog tracks to have slots, game machines and poker.

Obviously
6 years ago

House Majority Leader Dana Young must be insane if she thinks some developer will go for only ten percent of their resort to be used for the casino after spending two billion dollars of their money to build it.

John
6 years ago

I agree. That number should be closer to 65/35.

Anonymous
6 years ago

I’d like to see the numbers on most Vegas casinos because I bet their casino section doesn’t cover much more than 10 percent. Plenty of space devoted to shops, restaurants, etc…and keep in mind that the rooms must count toward this total.

Obviously
6 years ago

Look developers are looking to build Resort Casinos, in Miami, Miami is not looking to be like Disney World. Miami is where the grownups come to play.

Anonymous
6 years ago

Most Las Vegas casinos have far less than 10% of their space devoted to gaming. Even the largest casino in Macao has only 5% of its total structure devoted to casino space. The 10% threshold is just a way to sneak in the largest casino floor on the planet. If you want busses of old people being shuttled into downtown Miami, this is for you. When you consider that Miami is a much more successful, and higher end tourist city than Vegas, and it isn’t even close, then you realize just how much we don’t need this.

WhyNotNow
6 years ago

Ugh. Gross. Miami doesn’t need casinos. Casinos need Miami.

Obviously
6 years ago

Miami Beach has it’s Art Deco, Mainland Miami will have it’s own identity after the inclusion of this Casino Resort.

If you don’t like casinos, don’t go.

ioannes
6 years ago

Question for your own personal reflection Mr. Obviously: Do you believe that anything in life should be allowed as long as you don’t have to be there, and if not, are you the one who determines what others can or can not do?

Obviously
6 years ago

I’ll answer your question after you ponder and respond to this ioannes.

In the garden of Eden God placed man and the tree of knowledge of good and evil.

If you were there at the beginning and God gave you the chance to take away one – the freedom to decide that God gave Adam and Eve, or the tree that God put in the garden. Which one would you choose?

Ioannes
6 years ago

Mr obvious, I can’t play God, he gave us both the freedom to choose and the tree, who am I to imagine myself as God to decide either, or?

Anonymous
6 years ago

gross.

Ed
6 years ago

I like the 90% of space for non-gambling requirement

Anonymous
6 years ago

The reality is that Resort World Miami did that anyway.
It had a 250k sq ft of retail, a 250k ballroom, a marina, thousands of hotel rooms and condos. The casino floor want even in the lobby. Most critics have never seen the architectural plans and don’t even understand that the convention space was huge. Huge enough to take business from Orlando, a waterfront resort interesting enough to take business from Disney.

Anonymous
6 years ago

yes

ioannes
6 years ago

Casinos bring much social ills, and the breakup of families due to its addictive nature. It can sneak up on you, like porn addiction as porn too is very bad as well.

Anonymous
6 years ago

Not sure if serious

Flymia`
6 years ago

You understand Miami ALREADY had Casinos right?

Obviously
6 years ago

“Casinos bring much social ills, and the breakup of families due to its addictive nature.”

Same thing could be said about alcohol and losing one’s job but I bet you’re not worrying about those things too, are you?

ioannes
6 years ago

Yeah I know Miami already has gambling to a great extent.
Sure alcohol can be addictive as well and yeah, not having a job is one of the toughest trials we can go through indeed.
I do like the density of the project though and I think the views from Museum Park towards the north would be quite nice.

Obviously
6 years ago

That’s ditto ioannes on your answer for the question you asked me!

John
6 years ago

How about we raise the cost of the Venetian Causeway to $20 bucks each way? Having this behemoth at the western terminus of the 2 lane residential causeway has the capability of completely overwhelming it to point of constant gridlock.

Obviously
6 years ago

If traffic becomes that intense in both directions on the Venetian Casuseway, then that would mean that the Casino Resort is acheiving one of it’s desired purposes for the city – a twofold increase in the amount of tourist visiting Miami – so why mess that up by charging twenty dollars each way to cross a bridge?

ioannes
6 years ago

Mr Obviously, are you comparing God’s creation to our Casinos?

ioannes
6 years ago

Casinos are our own doing as a result of our exercise of free will. Certainly we can and must have a say in our own doings, especially during proposal and planning wouldn’t you agree?

Obviously
6 years ago

Yeah, certainly, and after you make plans about where you want and don’t want to go, then you had your say in your own doings and exercised your free will.

Like I said, “don’t like casinos, don’t go.”

JiminFLA
6 years ago

Ok… We already have casino’s, and a monopoly is always a bad thing. Besides we live in a state where people can’t buy a gallon of milk without having lotto tickets thrust in their face so save the righteous talk…… Furthurmore, you won’t corrupt Miami, the place they filmed Miami Vice and Scarface.

Dan
6 years ago

Can we finally get Miami World Center?!

Anonymous
6 years ago

Shit just got real….finally. Havana is next.

Anonymous
6 years ago

Resorts World in Singapore has a beautiful and extremely well run operation. First class all the way. Keep the tables at $25-50 per hand and $1 slots…and get ready for Russian and Chinese billionaires making Hedge Fundies look like amateurs. Old people will stay in Broward.

Dany
6 years ago

This is so great, Miami is such an amazing city and it survives because is a touristic attraction, people usually live there for a couple of year and then decide to move North; It is good also to keep jobs here and not to be just a bridge, but that’s another topic. This city needs to grow up and all kind of business are welcome her, (remember this is private property, not social/government), they will make millions like any other drug/retail/real estate or any kind. Getting Miami wants you 🙂

Anonymous
6 years ago

You seem to have it reversed; people usually live in the north a couple years and then move to Miami.

Anonymous
6 years ago

Actually, Dany is correct. Young educated graduates tend to leave Miami after graduation. It’s a statistic the county has been trung to fix by trying to entice these graduates to stay. The people moving down from the north are families (kids will probably follow the cycle mentioned above) or older people. I’m from Miami, graduated from the University of Miami and moved to New York City because job opportunities are much better and I know many more that did this. Miami needs to find a way to make college graduates want to stay.