February 2, 2024 · Commercial Gaming Politics Regional News Southeast

Fontainebleau Miami Casino Bill Appears Dead for Now

Legislation that would hold potentially paved the way of life for casino enlargement inward South Florida appears dead after some well-heeled business organisation owners flexed their muscles.

Late Wednesday, the Sunshine State State Senate scrapped plans to deliberate a invoice that if signed into, would make allowed for unexampled gaming venues to be built inwards the commonwealth without voters’ consent. Such legislation runs counter to an amendment to Florida’s constitution overpoweringly approved past the voters inward 2018 that mandates voters must settle on gaming expansion.

The word indicates hopes for a gambling casino at the Fontainebleau Miami Beach are again dashed. Withdrawal of Senate Bill 1054 (SB 1054) arrived after Miami Beach officials voted to swallow funding from local tangible land developer Armando Codina and usage of a private spurt owned past billionaire Greg Norman Braman to fly front to the nation capitol inwards Tallahassee to angle on lawmakers to contradict the cassino legislation.

Fontainebleau Miami Beach owner Jeffrey Soffer has been a backer of the Republican Party of Florida and some GOP officeholders inward the land in hopes of bringing a gaming venue to the famed property.

Fontainebleau Miami Casino Looks Ill-Fated

Despite the iconic position of the Fontainebleau Miami Beach and Soffer’s efforts, polling confirms Miami Beach residents don’t require a gambling casino thither and they’re tiring of the issue.

Combined, Soffer has donated at least $1.3 gazillion to Sunshine State Republicans, including Gov. Daffo DeSantis, and related political action committees. While some of those contributions were directed to policymakers inwards the Miami-Dade area, when bear on came to shove, State Senate President Kathleen Passidomo — a Republican River — allow lawmakers from that part call in the shots and they didn’t want to moot the legislation.

Katie Betta, a Senate spokeswoman, told the Miami Herald that SB 1054 didn’t have got a route to transit patch Senate Regulated Industries Chairman Joe Gruters told the publication fellow traveler lawmaking inwards the Everglade State House wasn’t going to pass.

It remains to follow seen for how long the South Everglade State cassino is turned the tabular array or if Soffer will cam stroke inwards the towel for good. Soffer and Trump National Doral, which is controlled past the Trump Organization, attempted to procure gaming licenses inward 2021.

Interesting Timing

The res publica Senate declining to hear SB 1054 arrived just now a mean solar day after Citadel founding father Ken Griffin ripped the thought of gaming expanding upon in an op-ed published by the Herald.

Griffin, who moved his skirt fund to Miami from Chicago, said Sunshine State doesn’t want more gaming venues because the province is already flourishing economically, led inward component past South Florida.

In criticizing SB 1054 as an effort to sidestep voters, the billionaire financier added that young cassino hotels in South Sunshine State could get unwanted consequences, including adverse personal effects on residential real land prices.

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