The Real Deal Miami

Lawmakers file new casino legislation

October 26, 2011 04:35PM

Florida lawmakers Rep. Erik Fresen and Sen. Ellyn Bogdanoff have filed
legislation that would offer casino licenses to three resort projects in
Florida. Those wanting to apply for a license would be required to pay a
$50 million fee to be considered, with more weight given to projects
that start construction earlier. Each resort would have to spend at
least $2 billion on development and construction after receiving the
license. Malaysian firm Genting, which is looking to open a casino in
downtown Miami, said the Destination Resorts Act, as the legislation is
called, would bring 100,000 new jobs to the state, according to
spokesperson Jessica Hoppe. [SFBJ]