Genting, Gulfstream strike gambling deal

By Dara Kam
@TheDaraKam

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.

The News Service of Florida