Genting is Still Laser-Focused on its Goal of Bringing Gambling to Resorts World Miami

Genting is Still Laser-Focused on its Goal of Bringing Gambling to Resorts World Miami

May 26, 2018 May 26, 2018

The former Miami Herald site is being used in a multi-year deal to build an events center, while Genting moves forward on the site's marina, and stays committed to its original goal of a gambling mecca.

What exactly is happening to the three billion dollar Resorts World Miami megaproject, which would have had the biggest casino in the world? The project has been in the planning stages for years despite casino giant Genting’s failure acquire a gambling license for the site. Although the public hasn’t heard much about the project lately, Genting has already invested hundreds of millions of dollars into the project already and is showing no signs of stopping as it maintains a laser-like focus on the goal.

Earlier this year, Genting announced a partnership with Live & Loud, a local events company, to starting bringing live events to the Resorts World site in the middle of downtown Miami. Since it looked like they wouldn’t be able to build their casino for at least a few years, they were finally going to do something with the site. Genting told South Florida Business Journal "We are confident that Loud and Live, a national leader in the live events, marketing and entertainment industry, will establish the property as one of the top waterfront destinations in South Florida to host premier local, national and international events.”

"With its impressive offerings of large-scale space, waterfront setting, stunning views and a central location, Herald Plaza is an ideal event site for lifestyle brands, entertainment, sports properties and global corporations," Loud and Live CEO Nelson Albareda said to SFBJ "We look forward to securing Herald Plaza its place on the shortlist of the best event venues internationally, and partnering with Resorts World to do so.”

The Loud & Live deal was announced in January. Art Wynwood reused the site early in the year, reoccupying the tents used by Art Miami, but little has happened since. This however, establishes a significant partnership with a major local player, Loud & Live; a move which may show a change in tact on the part of Genting. In the early days of the effort to build Resorts World, Genting tried to bring in gambling by brute force. Now, with partnerships and continued lobbying efforts, they’re being strategic.

Art Miami Genting Resorts World Miami

Also in January, Genting publicly announced they were moving forward with their marina plans. The city transfered bay bottom rights to the company. In February, Genting announced they would host the Miami Yacht Show at the new marina, after it moved from Watson Island. This is another partnership Genting appears to be using to raise the profile of the site and improve their public image.

At various times the company has publicly said they are devoted to the project, with or without a casino, and devoted to the marina, with or without any other aspect of the project happening. However, by now it appears that Genting’s biggest devotion is to gambling, and without that, little will happen, if anything.

They were denied the transfer of a gambling permit from Gulfstream Park, and yet the company continues to strategically pour money into efforts that can advance their goal. Their lobbying expenditures in Tallahassee are huge. More recently this year, Genting expressed interest to the city in investing in Baylink. Every now and then Genting announces a new project, like the hotel over the Omni, to excite locals and keep the main project alive. Last year they restored the historic Shrine Building, which may have been an effort to raise goodwill in the city.

We think that all of these things that Genting is doing is in pursuit of its original goal of building a megacasino resort. They are either biding their time, or working on aspects of the project that advance their goal, like powerful local partnerships.

The marina is the product of a partnership with a major megayacht fair. The proposal to invest in Baylink advances the partnership with the city. The waterfront events district creates a powerful partnership with a local events company. And yet, with the existing tents sitting there unused, and bayfront sitting there empty, not much has been heard about the marina or events district publicly for months.

Up in Tallahassee, Genting continues to lobby the State of Florida to legalize gambling as well. In the first quarter of 2018, Genting paid $53,000 in fees to a Tallahassee-based lobbying firm. Genting is obviously not going anywhere.

Genting is still lobbying for their main goal, while dangling the occasional carrot at the public. Then there was the plan to build a hotel over the Omni bus stop, which was approved early last year. Since then the public hasn’t heard a word about it. Could Genting have just been attempting to secure control over the valuable airspace? Finally, Genting lately showed interest in funding Baylink, the cross-bay rail connection that has been on the city and count to-do list for years. Genting’s real motives behind that are anybody’s guess, and the answer probably has to do with gambling.

Genting Resorts World Miami

Genting Resorts World Miami

Contact Us
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Miami Building Boom 2021: These are the 12 New Condo Development Projects Planned to Date
Real Estate News Miami Building Boom 2021: These are the 12 New Condo Development Projects Planned to Date
It’s a trend we’ve been talking about since the last quarter of 2020 - waves of buyers are contributing to one of the biggest real estate booms in Miami history. As individuals and businesses escape high tax states like New York and California, and have the freedom to work from any location, luxury condo developers in Miami are announcing new project after new project.   Miami condo developers have announced over a dozen new and relaunched condo projects since the beginning of 2021. In an attempt to appeal to a wide range of new residents, each new project aims to be taller, more luxurious, and offer the most exciting set of amenities imaginable, and could bring more than 10,000 residential units to Miami over the next few years. With the real estate market in Miami in one of its most lucrative cycles yet, here’s a look at the latest condo projects proposed in Miami since January 2021 (till the time of this post): New Miami Condo Development Projects 2021 E11even Hotel and...
Surfside vs Sunny Isles Beach: Which Miami Neighborhood is Better?
Neighborhood Comparisons Surfside vs Sunny Isles Beach: Which Miami Neighborhood is Better?
If you love coastal living with walkable access to Atlantic Ocean beaches, and you want to move to a beachfront address while bypassing the hustle and bustle of South Beach, there are two beachside communities to consider when looking to make your move: Sunny Isles Beach and Surfside.  While these communities are practically next-door neighbors (with ritzy Bal Harbour nestled between them) and they share many amenities, including direct beach access to the Atlantic. Plus, they both are in prime locations that provide quick and easy access to airports, shopping, arts and culture, and outdoor living, living there could not be more different from one another.   As insiders who’ve lived in these popular Miami neighborhoods, we’ve broken down the similarities and differences between these two beautiful seaside communities in case you are looking to move to Miami. Lifestyle: Sunny Isles Beach vs. Surfside While Sunny Isles Beach and Surfside both provide residential coastal living...
Miami Condos with Shabbat Elevators
Real Estate News Miami Condos with Shabbat Elevators
Last updated June 11, 2021. Whether you refer to it as the Sabbath, Shabbat, Shabbos, or by any other term, your religious commitment to observing a holy day of rest should not prevent you from enjoying a luxury condo lifestyle in the subtropical paradise that is Miami.  For this reason, a number of condo communities provide the convenience of a Shabbat or Sabbath elevator, which is a specially programmed elevator that stops automatically on every floor during the Jewish Sabbath, from sundown on Friday evening until sundown on Saturday of every week.  This service is provided in order to accommodate the Jewish religious law that prohibits religious observers from pushing buttons or operating machinery during the Sabbath. While Miami today is known as a particularly Jewish-friendly metropolis, Jews were not even allowed to enter Miami Beach Hotels until the late 1940s. But by the 1950s they began to lay down roots in Miami Beach and to impact the economy, politics, and social flavor...
The Top 10 Tallest Buildings in Miami (You Can Live In)
Real Estate News The Top 10 Tallest Buildings in Miami (You Can Live In)
If you’ve been visiting Miami over the years, one thing you’ve probably noticed is the buildings keep getting taller, and the skyline keeps growing. Ever since the FAA relaxed its height restrictions more than six years ago, Miami’s skyline has continued to elevate itself with glimmering designs of glass and light. The tallest residential building in Miami as of this post is the apartment highrise Panorama Tower at 828 feet. But that won’t last for long. Every few months, a new condo tower is announced with ambitions of becoming one of Miami’s tallest buildings.  Call them #supertowers, #supertalls, or #skyscrapers, they’re definitely building the city’s skyline, reputation, and luxury living to new heights. So, who can claim the title of Miami’s tallest building you can call home? Check out our list below of the top 10 Tallest Condo Buildings in Miami – present and under construction – if you like to live above it all. Elysee Miami | Edgewater Height: 649 feetFloors: 57Developed...
Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know
Transportation Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded Brickell Avenue bridge, a drawbridge that opens every hour or half-hour during non-curfew hours to allow river and traffic and boats to pass under.  * This article was updated on June 7, 2021 So what’s the problem? A big one! When the bridge opens, it ends up turning the city into a parking lot. With the last two building booms, there’s been a sudden surge in Downtown population since 2010 that has not stopped, and hence, denser traffic. And with Brickell now one of Miami’s hottest neighborhoods, serving as Miami’s vital financial hub, dense residential condo neighborhood and go-to place for nightlife, travel to and from Brickell and Downtown Miami is unavoidable.  This is why almost every second year, the FDOT faces requests to place restrictions on opening the bridge for maritime traffic during rush hour or extending curfew hours. However, listen to the marine...
June Events 2021: Father’s Day and More Summer Fun in Fort Lauderdale
Events June Events 2021: Father’s Day and More Summer Fun in Fort Lauderdale
Summer in Fort Lauderdale is the best time for a beach swim, day on the boat, brunch with friends, and to beat the summer heat. With over 20 June events in Fort Lauderdale to choose from, our curated list offers the best variety of things to do this month. Choose from a musical comedy, a scavenger hunt, concerts, a food and spirits festival on the beach, a dance showcase, tons of summer camps, and virtual programs you can enjoy right at home in the A/C! Also, since Father’s Day is June 20th, we’ve provided a list of things to do to honor Dad. Read on for some of the best picks for Father’s Day celebrations and events to make summer fun in Fort Lauderdale: Things to Do in Fort Lauderdale - June Events at a Glance Father’s Day 2021 Celebrations in Fort Lauderdale June 2021: Fort Lauderdale In-person Events Bonnet House Museum & Gardens Family Summer Specials: June 1 to September 5 Erotica - Exhibit: June 1 to July 2 Paranormal Boot Camp: June 4 Mel Schwartz Sleeps With Mae West...