Florida considers integrated casino resort expansion
The measure calls for the development of casino complexes with conference center, retail, vacation resort and entertainment components in five Florida communities: Miami, Tampa, Jacksonville, Orlando and a to-be-determined panhandle city. The facilities would have slots and table games with exclusive rights to offer roulette and craps play. The destination casinos would be taxed at a sliding 10 percent to 30 percent rate based on revenue volume.
The state’s existing tribal and pari-mutuel casinos would be excluded from competing for destination resort licenses.
The goal of the legislation is to boost the state’s convention business. “Right now, we’re not a major player in the trade show industry,” bill co-author Sen. Dennis Jones told the Florida Sun-Sentinel.
If the legislation passes, Las Vegas Sands Corporation would commit to a $1 billion to $2 billion casino resort in Miami, according to the Las Vegas Review Journal.