Unable to make any significant headway in its Miami project, Genting Malaysia Berhad has reportedly turned some of its attention to a casino in South Florida, Miami Herald reports.
“Unable to gain a foothold in Miami, gambling giant Genting Malaysia Berhad has done the next best thing: They’ve made a deal to run a casino on the county line,” said the news outlet.
In 2011, Malaysia-based Genting purchased the Miami Herald building, announcing plans to open a $3 billion luxury casino named Resorts World Miami. Five years later, the bayfront resort still has not yet been developed.
Instead, according to the news outlet, the operator has entered into a consulting agreement for the casino portion of Gulfstream Park, an entertainment destination featuring thoroughbred racing, two casinos, shopping and dining, and located in Hallandale Beach, Florida near Miami.
The executives will oversee all casino operations, including financial reporting, slot promotions and player hosting, Genting and Gulfstream confirmed.
“Gulfstream Park is a storied race facility which has long been considered a leader in thoroughbred horse racing,” Michael Levoff, senior vice president of public affairs at Genting, said in a statement. “By taking over management of the existing casino, Genting will modernize the current gaming offerings to a similar best-in-class level as the race facility. Gulfstream Park is an ideal location to expand our offerings in the region to include a top casino destination in South Florida.”
Levoff said that Genting would not add its Resorts World brand to Gulfstream Park at this time.
He declined to disclose the financial terms of the deal.
When asked about its long-term plans for the Herald site, Genting said it is focusing on its Bimini property, its Hilton Miami Downtown hotel and the new venture at Gulfstream.