Genting America has confirmed its planned Resorts World Miami casino in Florida, which the company believe will entice 47% of Las Vegas’ 37 million annual visitors – will not be the world’s largest.
At a public forum on Monday, Genting dismissed previous reports that it wanted to build the largest casino the world has ever seen. According to the Malaysian company, it’s only the gambling floor that would thrash any size records, being one of the largest in the United States. That’s if Florida changes its gambling laws.
Its plans to be the biggest may have been dropped, but Genting say the resort is set to thrash records in projected revenue. The company issued a statement yesterday stating that a high-end casino resort “in an international city like Miami will attract the world’s highest-calibre tourists.”
As a report by the Miami Herlald reveals, Genting commissioned economic studies for its proposed beast, which shows it could generate as much as $2 billion a year. This sort of figure would place the resort the largest-grossing casino in the United States, even above the highest-grossing casinos in Vegas.
Miami economist hired to help write one of the economic studies, Tony Villamil, said the final results were on hold as Genting rethinks the size of the project. He said: “They’re willing to accommodate the community. The economic impacts are going to change depending on the size of the project.”
Nevertheless, according to industry reports and analysts in the economic studies, the casino wouldn’t be as big or as profitable as its resorts in Asian markets.