Casino Billionaire buys Florida Casino after Amendment 3 is Passed by the People

Casino Watch Focus has reported on the many efforts to expand gambling in Florida, specifically via full blown, Vegas-style resort casinos. Most efforts have failed to produce any meaningful gambling expansion. Most recently, Amendment 3 was passed by Florida Voters, meaning future gambling expansion efforts must be voted on by the people, making such gambling expansion far less likely given the current climate. So a new casino property acquisition by a well-known Las Vegas casino mogul has raised a few questions about intent. As one online source reportsPhil Ruffin has acquired a new casino property in Florida with the intent of some kind of expansion, the extent of which isn’t yet know:

Phil Ruffin is well known in the casino industry as the owner of the Treasure Island Hotel and Casino in Las Vegas. The 83-year-old billionaire is looking to expand his domain and has now purchased the Casino Miami near the Miami International Airport in Florida.

The 200,000-square-foot casino is located less than 20 minutes from Downtown Miami. It features 1,000 “Vegas-style” gaming machines (and has a license for as many as 2,000) and an electronic table game area, along with live entertainment, live jai-alai and simulcast betting. The amount paid for Ruffin to acquire the casino was not released, but he said, “I look forward to entering the Miami gaming market through this acquisition. We have exciting plans for Casino Miami that we will be revealing in the near future.”

The purchase follows a state referendum vote last month that removed power to decide gaming-relating issues from lawmakers and gave it to voters. Going forward, any new gambling expansion will have to be voted on by citizens. Commercial casinos remain banned and house-banked games, such as roulette and blackjack, are only allowed by the Seminole Indian tribe Getting into Florida through Casino Miami is a way for Ruffin to develop a foothold ahead of any future expansion.

For more information on the dangers of gambling, please visit CASINO WATCH & CASINO WATCH FOUNDATION

Advertisements

Comments are disabled.

%d bloggers like this: