Posted Oct 27, 2011, 3:19 PM
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Join Date: Nov 2003
Location: County of Dade
Posts: 9,143
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Miami casino would be bigger than Vegas competitors
http://www.miamiherald.com/2011/10/26/2473779/miami-casino-would-be-bigger-than.html
excerpt
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Genting expects to spend almost twice that amount. The company, Southeast Asia’s largest casino operator, ignited the gambling frenzy in May by paying $236 million for The Miami Herald’s downtown headquarters. Genting agreed to let the Herald remain in the building rent-free for two years, and then began buying up surrounding real estate, including the Omni retail and hotel complex.
Nearby in Miami’s Park West neighborhood, local developers and the Las Vegas Sands casino company reportedly are planning a gambling resort to rival Genting, and other large land owners, including the Fontainebleau, also want their sites considered. But only Genting has drafted renderings for its proposed resort: six undulating towers rising as high as 58 stories with a mix of apartments and hotel rooms, with an outdoor lagoon, artificial beaches, and 50 restaurants throughout the campus.
With 5,200 rooms, the proposed Genting complex would be as large as any hotel in Vegas, according to data available on casinocity.com, a leading industry site. The country’s largest hotel, the MGM Grand, has 5,044 rooms, and Mandalay Bay boasts 4,756.
Two casinos in the Genting complex would dwarf anything offered on the strip. Plans call for a primary casino measuring about 550,000 square feet in a tower on the Herald site, plus an additional 250,000-square-foot casino in a building on the Omni location, said Sergio Bakas, the Arquitectonica architect supervising the design. He said he expected Resorts World Miami to be the largest casino resort in the world if current plans are approved.
The combined 800,000 footprint is large enough to hold the combined casino floors of three of the biggest in Vegas: the Bellagio, Mandalay Bay and the MGM Grand. Current design assumptions call for about 8,500 slot machines, Bakas said, far more than the 2,500 found at the MGM Grand, the largest casino in Vegas. The 50 restaurants Genting plans for the site roughly doubles what is available in the typical Vegas Strip hotel.
“It certainly seems aggressive,’’ said Brian MacGill, managing director for gaming and lodging for Janney Capital Markets in Philadelphia. “If a casino has 15 or 20 restaurants, that’s considered a lot.”
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That's what did it in the end. Not the money, not the music, not even the guns. That is my heroic flaw: my excess of civic pride.
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