Genting, Gulfstream strike gambling deal
By Dara Kam
Gambling operator Resorts World Omni has struck a deal with Gulfstream Park in the hope of getting slot machines rolling at a downtown Miami property.
The proposal, first reported by The News Service of Florida yesterday, is a dramatically scaled-back version of the glamorous casino resort once pitched to — and rejected by — Florida lawmakers, and it hinges on a controversial permit at the horse track.
The agreement between Resorts World, a division of Malaysia-based Genting Group, and Gulfstream, along with breeders and thoroughbred horse owners and trainers, involves relocating a permit to the Miami bayfront property purchased by Genting in 2011 for $236 million.
Backers of the deal are hoping lawmakers will sign off on the plan, which they contend would be a major boon for the horse-racing industry in Florida, as the Legislature undertakes a sweeping review of gambling during the 2014 session.
But others in the pari-mutuel industry say that, if approved, it would be a major shift in the state’s gambling landscape and essentially “decouple” horse and dog racing from slot machine operations.
NSF subscribers can read the full story here.