Scientific Game

Genting wins Miami hotel bid, casino up next

Thursday, 20 April 2017 05:17
Visit us

Gaming and tourism giant Genting has won a bid to build a new hotel in Miami with the presumption that it will also house a casino.

The 36-story hotel is to be built above an Omni bus station with Genting to be granted a 90-year lease of the air it will occupy, according to the Miami Herald. The deal includes Genting paying US$16 million to upgrade the bus station – including installing air conditioning – as well as paying Miami-Dade US$10 million in cash. The project would also incorporate a grand public plaza and retail boulevard to improve public areas in the precinct.

Local commissioners would need to provide additional approval to add a casino although it is expected they will do just that, with Commissioner Joe Martinez commenting, “I am willing to live with a casino there because it is coming.”

The current plan includes 300 hotel rooms and 20 floors of residential at a cost of around US$200 million, however Genting has also been lobbying to build a massive 5,000 room integrated resort, Resorts World Miami, on 30 acres of adjoining land it purchased for in 2011 for around US$285 million. Winning such approvals, including the operation of a casino, would require a number of local law changes but could also provide Miami-Dade with much needed funding.

What's new

MGM to take first hotel bookings for Macau’s MGM Cotai

MGM to take first hotel bookings for Macau’s MGM Cotai MGM China Holdings has officially started taking hotel bookings for its US$3.2 billion MGM Cotai integrated resort in Macau ahead of the official opening on 29 January 2018. The company will take its first bookings from Tuesday 21 November after announcing a series of promotional offers on Monday, ... Monday, 20 November 2017 21:05

All-Japanese partnership announces Hokkaido casino bid

All-Japanese partnership announces Hokkaido casino bid Hotel and resort giant Kamori Kanko and property developer Niseko Alpine Developments (NISADE) have announced plans to bid for a Japan casino license as part of a multi-million dollar expansion of Rusutsu Resort in Hokkaido. The all-Japanese partnership will see at least US$700 million plowed into ... Sunday, 19 November 2017 20:28

AU$11 billion Tabcorp-Tatts merger approved for the second time

AU$11 billion Tabcorp-Tatts merger approved for the second time The on again, off again AU$11 billion merger between Australian gaming giants Tabcorp and Tatts Group is back on after the Australian Competition Tribunal gave the green light for the second time in five months. In a brief statement after handing down his decision on Friday, Justice John Middleton ... Sunday, 19 November 2017 19:24

Genting Hong Kong offloads NCLH cruise line stake for US$270 million

Genting Hong Kong offloads NCLH cruise line stake for US$270 million Genting Hong Kong has announced the partial sale of its stake in global cruise line company Norwegian Cruise Line Holdings Ltd (NCLH) for US$270.1 million which it says will be used as “general working capital and capital expenditure for the group and/or to fund new investments of the group should... Sunday, 19 November 2017 17:23

Current Issue

Guiding light

Guiding light Mr Jay Chun, Chairman of MGS Entertainment Show organizer the Macau Gaming Equipment Manufacturers Association (MGEMA), discusses the birth of the MGEMA and how it plans to help shape Macau’s future ahead of the 5th anniversary of MGS. By Ben Blaschke       Ben Blaschke: The MGS Entertainm... Thursday, 26 October 2017 15:35

Macau satellite casinos: the more the merrier?

Macau satellite casinos: the more the merrier? MdME’s Rui Pinto Proença looks at the recent flurry of satellite casinos entering the Macau market and their apparent flouting of the “2008 Moratorium.”  By Rui Pinto Proenç As we enter the final stretch of 2017, it is clear that Macau will end the year with no additions to its portfolio ... Thursday, 26 October 2017 15:33

NOkada Manila

NOkada Manila Japan’s Universal Entertainment ousted founder Kazuo Okada earlier this year, prompting questions about the future of the integrated resort bearing his name and the company’s Japan casino ambitions. By Muhammad Cohen | Editor-at-Large After years of controversy, it all seemed to be coming toge... Thursday, 26 October 2017 15:31

Macau city brand strategy

Macau city brand strategy Professor Glenn McCartney explains the importance of developing a unique city brand strategy and why it can help Macau achieve true diversification when it comes to tourist appeal. By Professor Glenn McCartney The brand strategy of a city – from its vision and goals to the level of engagement wi... Thursday, 26 October 2017 15:27