The Genting Group may have didn’t bring a casino to Miami, but that hasn’t stopped them from tapping into the regional market. It seems that should they can’t develop a casino into the city, Genting wants to accomplish the next thing that is best: bring the city to their nearest casino.
Seeking Port Agreement with Miami
That’s why Genting is seeking to enter into an agreement with Port Miami that will permit the company to run a cruise that is small from the port. The ship, which will be able to transport a lot more than 1,500 people, would run from Miami to a new casino in Bimini that Genting recently opened. The trip would take just about two hours, and would allow Genting to make use of a gambling market that is lucrative.
The move comes after Genting failed in a bid to open a casino in Miami it self. The company purchased the former headquarters regarding the Miami Herald last year, hoping to create a casino on the site. However, anticipated changes to state gaming regulations did maybe not materialize, meaning the casino task must be abandoned. Genting still plans on utilizing the site to build a hotel and residential complex under the name Resorts World Miami.
The contract between Genting and Miami has Genting pay about $11 million to simply help refurbish Terminal H, which will likely then be used by the new ship. Over time, Genting may have that money reimbursed to them through rent cred[……]