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.



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

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...


Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...


The Top Ten Highest-Rated Restaurants in Miami

by Sep Niakan | May 14, 2017

It’s no secret how Miami’s local food scene is going global with innovative restaurants populating the landscape. We’ve got locals to tourists and even celebrities raving about how Magic City's culinary scene has grown leaps...