Genting CEO Says It's "Bullsh*t" That Casino Won't Generate Dade and Broward Jobs
The CEO of Genting Group, which bought the Miami Herald's property on Biscayne Bay earlier this year and dreams of turning it into a mega-casino, wasn't exactly subtle when he said the project would result in a net gain of jobs for the state -- especially in Miami-Dade and Broward counties.
At the first hearing about the casinos, somebody asked CEO Colin Au about claims that building a casino would cost the state jobs instead of generating them. (Here in Broward, pari-mutuel owners and the Seminole tribe also worry about losing gamers across the county line.)
A video of Au's blunt response is after the jump.
Don Mitchell, of the Isle of Capri Casino company (which owns Pompano Park), expressed another fear: "There's going to be normal cannibalization when new gaming product comes into a market."
With a major Miami architect (Arquitectonica) lined up and plenty of good hard Malaysian cash, the Genting Group is poised to make ripples in South Florida. Whether it'll be as grandiose as the mockups predict is another matter.
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