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 It appears as though Las Vegas Sands Corp. is exploring the idea of creating a resort in Miami, Florida. Florida legislators recently proposed creating five Las Vegas-style casino resorts in Florida's largest cities to increase tourism. A Vegas style resort would be placed in Tampa, Jacksonville, Orlando, Miami and another location in the state's panhandle region. Las Vegas Sands is reported to be working with Florida lawmakers behind to scenes on legislation and if everything goes well it could lead to a $1 billion to $2 billion investment by the corporation.
"Florida is much further along than a lot of people realize," Andy Abboud, Las Vegas Sands vice president of government affairs, said Monday. "There is a core group of leadership that is not looking at this as a moral decision but as a business decision...We have had a lot of meetings with folks in the Miami area."
Las Vegas Sands does not currently have a development site in Miami, but Abboud said that company is looking at different options. Aside from the potential Florida resort the company is also exploring casino development projects internationally in Spain and Japan.
An economic impact study has found that a Miami resort project could create upwards 100,000 full-time and part-time jobs, including temporary construction jobs, permanent positions at the property, and jobs related to new businesses created by the development.
The Florida legislative session ends May 6th so lawmakers will need to kick things in high gear if they want to pass the bill before the session is over.
As always, stay tuned to Casinofan for more news and updates.
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