Fontainebleau Miami Casino Bill Appears Dead for Now

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Posted on: February 1, 2024, 05:39h. 

Last updated on: February 1, 2024, 05:39h.

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Legislation that would person perchance paved nan measurement for casino description successful South Florida appears dormant aft immoderate well-heeled business owners flexed their muscles.

Fontainebleau MiamiThe Fontainebleau Miami Beach. Hopes for a casino location look dead. (Image: Miami Daily Life)

Late Wednesday, nan Florida State Senate scrapped plans to see a measure that if signed into, would person allowed for caller gaming venues to beryllium built successful nan authorities without voters’ consent. Such authorities runs antagonistic to an amendment to Florida’s constitution overwhelmingly approved by nan voters successful 2018 that mandates voters must determine connected gaming description .

The news indicates hopes for a casino astatine nan Fontainebleau Miami Beach are again dashed. Withdrawal of Senate Bill 1054 (SB 1054) arrived aft Miami Beach officials voted to judge backing from section existent property developer Armando Codina and usage of a backstage pitchy owned by billionaire Norman Braman to alert to nan authorities capitol successful Tallahassee to thin connected lawmakers to reason nan casino legislation.

Fontainebleau Miami Beach owner Jeffrey Soffer has been a backer of nan Republican Party of Florida and immoderate GOP officeholders successful nan authorities successful hopes of bringing a gaming venue to nan famed property.

Fontainebleau Miami Casino Looks Ill-Fated

Despite nan iconic position of nan Fontainebleau Miami Beach and Soffer’s efforts, polling confirms Miami Beach residents don’t want a casino location and they’re tiring of nan issue.

Combined, Soffer has donated astatine slightest $1.3 cardinal to Florida Republicans, including Gov. Ron DeSantis, and related governmental action committees. While immoderate of those contributions were directed to policymakers successful nan Miami-Dade area, erstwhile push came to shove, State Senate President Kathleen Passidomo — a Republican — fto lawmakers from that region telephone nan shots and they didn’t want to see nan legislation.

Katie Betta, a Senate spokeswoman, told nan Miami Herald that SB 1054 didn’t person a way to transition while Senate Regulated Industries Chairman Joe Gruters told nan publication companion authorities successful nan Florida House wasn’t going to pass.

It remains to beryllium seen for really agelong nan South Florida casino is disconnected nan array aliases if Soffer will propulsion successful nan towel for good. Soffer and Trump National Doral, which is controlled by the Trump Organization, attempted to procure gaming licenses successful 2021.

Interesting Timing

The authorities Senate declining to perceive SB 1054 arrived conscionable a time aft Citadel laminitis Ken Griffin ripped nan thought of gaming description successful an op-ed published by nan Herald.

Griffin, who moved his hedge money to Miami from Chicago, said Florida doesn’t request much gaming venues because nan authorities is already flourishing economically, led successful portion by South Florida.

In criticizing SB 1054 arsenic an effort to sidestep voters, nan billionaire financier added that caller casino hotels successful South Florida could person unwanted consequences, including adverse effects connected residential existent property prices.

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