Miami Condo Market and Lifestyle Updates
Will Genting's Acquisition of Las Vegas Property Hinder Resorts World Miami?

Will Genting's Acquisition of Las Vegas Property Hinder Resorts World Miami?

by Sep Niakan | July 02, 2014

The Genting Group is planning on bringing a mixed-use casino project to a 30 acre plot next to the Adrienne Arsht Center for the Performing Arts in downtown Miami. However, in other parts of the states, Genting has acquired 87 acres of property in Las Vegas for $350 million.

Richard Goode, president of Resorts World Miami has spoken out concerning the belief that the Las Vegas development would hinder Miami's development. Goode said, “Not at all. We are moving forward with our Miami project as a standalone project.”

Resorts World Miami has been scaled down a bit due to legislation being so tight on gambling laws. There is still no word of gambling becoming permissible for Genting.

The project will include convention space, hotel rooms, residences, office space, restaurants, retail space, and hopefully a casino floor.

 

Source: therealdeal.com

Photo credit: Resorts World Las Vegas en.wikipedia.orgResorts World Miami - relatedgroup.comMiami View luxuo.com

Recent posts

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....

Lifestyle

September Events to Spice Things Up In Miami!

by Sep Niakan | August 27, 2017

Summer may be on its way out, but that doesn’t mean things have to fizzle down. There’s a whole bunch of stuff to do this month, especially around Labor Day weekend. Scroll through our top picks and plan a fun September in...