For months, officials have been weighing the pros and cons of opening new casino-resorts throughout Florida. Much of the discussion centered on Doral, Florida. New reports indicate that gambling fans won’t see a new casino in Doral anytime soon.
This city has just agreed to prohibit gambling. This comes as a response to the Trump Organization planning to open a casino-resort here. Now is a great time to talk about how gaming regulations in Florida may change in the near future.
Let’s get into it!
Florida’s Sports Betting Plans Continue to Face Issues
Since May of 2018, every state in the country has been able to legalize and regulate sports betting. This is due to the US Supreme Court’s decision to strike down PASPA. Today, more than half the country has approved sports gambling legislation.
For many states, this form of gambling is too lucrative to ignore. Most of the states with a sports betting industry up and running are earning a huge amount of revenue each month. Those with regulated online sports betting platforms, in particular, are cashing out.
Lawmakers in Florida have been taking a close look at this industry for years. Some state officials believe it will help to bring the state some much-need money. Others worry it could contribute to gambling addiction and other societal issues.
Much of the issue also had to do with the state’s agreement with the Seminole Tribe. As of now, this tribe holds somewhat of a monopoly over Florida’s gambling industry. Governor Ron DeSantis eventually signed a bill that would allow the Seminole Tribe to offer sports betting beginning this October, as well as increase their casino gaming options.
Not everyone is happy to see this happen. Many lawmakers in the state still push against the idea of expanding the state’s gambling industry. As of now, the measures to allow sports gambling in the state have not been formally approved.
In recent months, officials have been discussing the idea of opening a new casino in the city of Doral. It now appears this will not be taking place anytime soon.
The Plans to Open a New Casino in Doral Have Been Shut Down
It’s clear that Florida is torn on whether or not to expand its gaming industry. The state wants the revenue from this industry, yet seems unwilling to come up with the agreements necessary to allow for expansion. Different parts of the state seem to have different opinions on this topic.
The Trump Organization has been pushing to open a major casino-resort in the city of Doral for months. It’s here that the company’s “Trump National Doral Miami” resort is located. Officials within the company have been pushing the idea that a casino here will help to boost tourism and bring in much-needed revenue. Eric Trump spoke about the benefits to the media earlier this year.
“Many people consider Trump Doral to be unmatched from a gaming perspective — at 700 acres, properties just don’t exist of that size and quality in South Florida, let alone in the heart of Miami,” Trump said.
It now appears that Doral isn’t interested. News broke this week that the city of Doral officially banned gambling and casinos. Many believe this is in direct response to the Trump Organization’s plans to open a casino-resort here.
The push to open a new casino in Doral isn’t completely dead, though. Moving forward, companies looking to open a gaming venue here will need to receive formal approval from residents in a referendum. Officials within Doral claim this measure was set in place to ensure the public had a say in what is built.
There is still a chance that a casino is built here in the future. Don’t expect to see one built here anytime soon, though. Fortunately, the country’s biggest casino hubs are now seeing major surges in tourism and revenue!
Tourism Rates Have Begun to Surge in Las Vegas
This summer is shaping up to be one for the ages in Las Vegas. Nearly all of the restrictions set in place here last year have now been lifted. That includes the requirements for individuals to wear masks inside the city’s casino-resorts.
With these restrictions gone, tourism rates into the city are ramping up. Most of the casinos are seeing massive increases in their bookings. June, July, and August should prove to be some of the most successful months in history for these properties.
The opening of new gambling properties should help the city’s tourism industry, too. A huge amount of hype has been placed on Resorts World Las Vegas lately. At $4.3 billion, this is the most expensive casino-resort ever built in the city of Las Vegas.
Some exciting events are being planned to take place in this city over the next few months. This weekend, for example, the brand-new Virgin Hotel-Casino is hosting one of the biggest parties in the city this year! The multi-day event is taking place now and ends this Sunday evening.
All analysts expect to see tourism figures ramp up throughout the summer. This will result in a major boost in gaming revenue, too. The land-based casino industry is thriving right now and should continue to succeed as the year goes on.
Do you think we’ll see a new casino in Doral open in the future? When do you expect Florida to launch its sports betting industry? Let us know in the comments section below.