Sheldon Adelson Offers $3 Billion In Construction of Mega-Casino
Thursday, 28. January 2010

One of the most enthusiastic opponents to gambling expansion in the Florida House of Representatives, Ellyn Bogdanoff, has thrown in the hat leaving the Fort Lauderdale legislator to open the doors to the development of casinos.

Bogdanoff is prepared to allow for the construction of the casinos at between five and seven resort locations throughout the state in accordance with the Florida Gaming Equalization Act. Under the plan, the casinos would first have to be approved in local referendums and then a state gaming commission would grant permits for construction. This expansion stands to offer competition to the Seminole Tribe who currently have casino resorts near Hollywood and Tampa.

According to The Miami Herald, Sheldon Adelson, chairman and CEO of the Las Vegas Sands Corp., is poised to invest as much as $3 Billion in one such resort casino that is projected to create as many as 7,000 jobs. Mr. Adelson envisions a mega-convention center that would include full casinos, shopping centers, theaters, spas, hotels and restaurants.