Waiting on Casino Approval

by Isaac Benmergui, Esq on January 9, 2012

Three developers with billions lining their pockets are poised to drop some of it into the South Florida real estate market, that is, if the Florida legislature will let them.

Lobbyists are camping out in the State’s capital waiting for the Florida legislature to return from holiday break. On the table is a bill modifying State law that will allow casinos to be owned and operated by non-native Americans. With the bill’s passage, billion-dollar construction projects can begin with future billions more poured into the State’s economy through job creation, tourism and tax revenue from gambling.

Unfortunately Miami Beach just voted down an expansion of gambling in its community, which prompted cheers from residents and business owners. It is unclear as to how the residents of Miami would view casino development in their community.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

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