Gambling Experts: Florida will have Destination Resorts

Submitted by Anonymous on March 12, 2012 - 6:39am

Just because casino interests failed this year, gambling-industry experts expect Florida to allow destination resorts in three to five years, according to the Sun-Sentinel.

"It takes a few years, but the bill gets further and further along until it passes," Gregory Roselli, an analyst for UBS Securities, said during the annual Florida Gaming Summit at the Seminole Hard Rock Hotel & Casino, the Sentinel reported.

Analyst John Kempf of RBC Capital Markets said bill proponents, such as Genting Malaysia Berhad, will make fewer mistakes next year, the Sentinel added. Genting rolled out glitzy renderings and spent $500 million for property along Miami's shoreline.