Genting Offers $3.8 Billion Miami Casino

Las Vegas Sand Corp. Chairman Sheldon Adelson likes to say “the bigger one is better” when discussing his casino projects like Venetian Maca, which boasts 500,000 square feet of casinos.

We’ll be able to find out what he thinks of his rival’s plans for a casino project in Miami on Thursday. According to the Miami Herald, Malaysia-based Genting Group is proposing to build a $3.8 billion waterfront resort project that can match the largest strip hotel and quadruple casino space.

The Genting Project will have 5,200 hotel rooms. The strip’s largest hotel is MGM Grand Las Vegas with 5,044 rooms and the Mandalay Bay Resort & Casino has 4,756. Las Vegas Sands says the strip has more than 7,000 hotel rooms combined with its connected Venetian and Palacho resorts.

But Genting says the two casinos in the proposed complex are demanding an additional 250,000 square feet of casinos, along with a fee of 550,000 square feet. Architect Sergio Bacas, who oversees the design, said he expects Resort World Miami to be the world’s largest casino resort if the current plan is approved.

Las Vegas Sands wants to build a hotel-casino complex in Miami’s Park West neighborhood. Genting drafted a rendering for the proposed resort. There are six undulating towers, a 58-story mix of apartments and hotel rooms, and an outdoor lagoon, an artificial beach, and 50 restaurants throughout the campus.

Under a bill filed Wednesday in Florida’s Legislature, developers will be allowed three casino resorts as long as they spend at least $2 billion to build one. Las Vegas Sands today reported third-quarter earnings, and Adelson will discuss the company’s plans in Miami. 온라인경마

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