Genting Group Bets On Novel Permit Deal For Miami Casino

Law360, New York (January 8, 2014, 7:03 PM EST) -- A Genting Group unit has struck a tentative deal to use a Florida racetrack's permit to bring slot machines to its proposed Miami casino, but must secure state legislator approval to move forward with the innovative — and already contentious — plan, the gaming giant confirmed Wednesday to Law360.

Under the proposed deal, Resorts World Miami would essentially split with Gulfstream Park the slot-machine and horse- and dog-racing approvals guaranteed under Gulfstream's permit, the company confirmed. But with Resorts World's casino located in Miami-Dade County and...
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