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Battle over casinos in Florida may hinge on whether promise of New Vegas can help economy
MIAMI (AP) ' The recession and real estate collapse have left Miami in need of jobs ' and some casino developers think they can offer a solution.
They say Miami can become an East Coast version of Las Vegas.
Malaysia-based Genting Group, which runs a massive casino in Singapore, has already spent nearly a half-billion dollars to acquire property in downtown Miami. The group plans to build a sprawling $3.8 billion complex designed to look like coral.
But this new vision for Miami will require approval from the Republican-led Legislature and Gov. Rick Scott, and that's not a sure bet.
Casino backers have already begun a full-tilt lobbying effort. It appears the debate over gambling will be one of the biggest issues lawmakers deal with during the session that starts next month.