Posted Feb 3, 2012, 4:25 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 57,173
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http://www.bloomberg.com/news/2012-02-03...ed-by-florida-legislative-committee.html
Casino Measure Backed by Genting Blocked by Florida Legislative Committee
By Michael C. Bender
Feb 3, 2012
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A Florida (STOFL1) House of Representatives committee won’t consider this year a proposal to allow casino 🞵🞵🞵🞵🞵🞵🞵🞵, stalling plans by Genting Bhd. to build a 10 million- square-foot, 5,200-room resort on Miami’s Biscayne Bay.
The House Business and Consumer Affairs Subcommittee declined to vote on the bill today in Tallahassee, and Representative Doug Holder, a Sarasota Republican, said the panel wouldn’t take it up again. Walt Disney Co. (DIS), the Florida Chamber of Commerce and the Seminole Tribe of Florida, which operates five 🞵🞵🞵🞵🞵🞵🞵🞵 sites, all opposed the measure.
Genting, which controls Asia’s second-biggest casino operator by market value, spent as much as $280,000 hiring 25 lobbyists, according to state records. It paid $236 million in cash to buy almost 14 acres of bayfront property that is home to McClatchy Co. (MNI)’s Miami Herald newspaper. Genting announced plans to build a $3 billion casino on the site.
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