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: 51,918
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http://www.bloomberg.com/news/2012-0...committee.html
Casino Measure Backed by Genting Blocked by Florida Legislative Committee
By Michael C. Bender
Feb 3, 2012
Quote:
A Florida (STOFL1) House of Representatives committee won’t consider this year a proposal to allow casino gambling, 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 gambling 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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