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Genting Group Withdraws Push For Gambling Initiative On Ballot

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(Source: Genting) The Hotel and Restaurant will include 50 restaurants and 4 hotels

(Source: Genting) The Hotel and Restaurant will include 50 restaurants and 4 hotels

Legislative Session Coverage

TALLAHASSEE (CBS4/NSF) – In a surprising move, Casino giant Genting is backing off its efforts to get statewide gambling legalization initiative on the ballot to focus on offering support to legislators as push for a broad examination of gaming in the state.

Malaysia-based Genting Group has made a major push in Florida for legalization of casino gambling, but lawmakers last year ended the session without approving a bill allowing resort casinos that the company wanted. Earlier this year, it created a group that hired petition gatherers and attorneys with expertise in getting constitutional amendments onto the ballot – essentially signaling a possible intent to circumvent the Legislature on the issue.

But Genting officials let legislative leaders know this week that the company won’t go around lawmakers, who have said they want to take a step back from efforts to legalize casino gambling and spend at least a year studying the idea.

“We spoke with the Senate president and the speaker of the House and told them we’re not going to be collecting signatures or going after the petition drive,” Brian Ballard, a lobbyist for Genting, said in an interview Thursday.

Ballard said the company supported the idea – pushed by Senate President Don Gaetz, R-Niceville, and House Speaker Will Weatherford, R-Wesley Chapel – to take at least this year off from gambling issues and study it over the next two.

“We believe they’re going to do things the right way,” Ballard said.

Much of the work of studying the casino gaming issue will be undertaken by the Senate Gaming Committee.

Its chairman, Garrett Richter, R-Naples, said Genting informed him of the decision Wednesday.

Richter said it could take two legislative sessions to determine how the state wants to move forward with gambling-related issues. He said he wants to come up with meaningful plan while doing everything possible to “minimize regret.”

“I think it’s important for the state of Florida that we not come up with a knee-jerk response, that we come up with a balanced approach,” Richter said.

Genting purchased the Miami Herald property in June 2011 and has grand plans to redesign the Miami skyline with an opulent resort.

The resort will feature a 3.6-acre outdoor lagoon — equivalent to 12 Olympic-size swimming pools and surrounded by natural sand beaches —as the centerpiece of the $3 billion master plan.The massive 10 million-square-foot mixed-use development that draws its inspiration from the region’s coral reefs is unlike anything South Florida has seen before in terms of sheer magnitude and design. With plans for four hotels, two condominium towers, more than 50 restaurants and bars and a luxury retail shopping mall, it’s being billed as one of the largest projects in Florida history. And that’s without the casino Genting hopes to be able to include in the project.

The group that Genting was affiliated with that was planning a ballot initiative, “New Jobs and Revenues for Florida,” had raised – and mostly spent – just under $1 million on the effort just since April.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The News Service of Florida contributed to this report.)

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