The Miami Herald reports that Malaysian resort conglomerate Genting Group might be willing to scale back plans to build the world's largest casino in Miami on the site of the newspaper's former headquarters if it can at least have a resort with slot machines, and little else. Under the proposal, Genting would form a four-way partnership that would allow it to use a permit owned by Gulfstream Park racetrack to open a casino with 2,000 slot machines and off-track betting, with the proceeds going to thoroughbred purses at Gulfstream's racetrack and to a non-profit for Florida horse breeders, trainers and owners. What would originally have been a large destination casino meant to attract high rollers and big money, would now be a much less bodacious slots hall similar to Genting's outfit at the Aquaduct racetrack in New York.
Apparently, only a tiny portion of revenue would be kept by Genting and Gulfstream for administration. Genting bought the site on Biscayne Bay in 2011 while its plans for a $3.1 billion casino-resort were in limbo. State legislators have twice rejected such a project, but will debate comprehensive changes to Florida's gambling laws in an upcoming session. Genting is betting it'll get lucky the third time around. In the meantime, the company is shuttling gambles over to Bimini on their SuperFast ship, although that big red boat seems to be having troubles of its own.
· Genting Announces Plan To Offer Slots-Only Resort [Miami Herald]
· Resorts World Casino New York [rwnewyork]
· Previous Resorts World Miami coverage [Curbed Miami]