Las Vegas Sands Could Be Targeting Jacksonville for Florida Casino

Las Vegas Sands is mulling an regalia of options to convey a casino to Sunshine State with indications mounting that the effort is likely to nidus on Jacksonville.

The largest gaming company past securities industry value lately pumped $17 1000000 into Florida Voters in Charge, a new political process committee (PAC) focusing on casino and gaming issues inward the third-largest state.

With the exclusion of Miami-Dade and Broward counties inward the southern division of the nation where one-armed bandit machines and tabularize games are permitted at racinos, casino gaming inwards Everglade State is henpecked past the Seminole Tribe, which operates under the Hard John Rock brand.

Recent documents filed past Florida Voters inward Charge suggest the aggroup is aiming to shoes two gaming-related initiatives, both of which point Jacksonville is a potency destination for a unexampled integrated resort. One of the proposals by the PAC would reserve for a traditional gaming prop as long as it’s at to the lowest degree 130 miles away from tribal lands and if the developer commits to spending at to the lowest degree $250 trillion — a toll mark well-heeled Sands can easily digest.

A sec delivery from the political mathematical group provides for the improver of three casinos inwards the country as long as those venues are at least 100 miles from tribal lands with a minimum financial commitment of $500 million.

Why Jacksonville Makes Sense

LVS has long tried to get another gaming venue to South Everglade State to take advantage on the glitz, glamour and heavy tourist traffic offered past Miami so Jacksonville in the nor'-east corner of the res publica marks a duty period inwards strategy for the gambling casino giant.

However, Jacksonville offers advantages. With the Seminoles controlling sevener casinos inwards the state, Jacksonville is the 1 metropolis that meets the geographic parameters set out inwards the Florida Voters in Charge proposals.

Additionally, the city is the state’s largest by population, according to FL Demographics. There’s also a constitutional audience thanks to a heavy war machine presence inward the area. Naval Air Station Jacksonville is the largest such installment in the Southeast realm and the third-largest of its variety inwards the country.

The city is also secretive to the Florida/Georgia border — another potentiality merchandising power point because Georgia currently has some of the to the highest degree restrictive gaming laws inwards the country.

Gaming Companies Spending Big inwards Florida

The compounding of want of commercial message casinos outdoors of the Miami area, efforts to doorkeeper in regulated sports wagering and a large, growing population make gaming companies eager to get into Florida and they’re disbursement handsome money to that effect.

In addition to the $17 billion Las Vegas Sands is plunking push down for its effort, online sportsbook operators DraftKings and FanDuel are disbursement good into eighter figures to acquire a patch of the state’s sports betting market, though that elbow grease is veneer stiff opposite from the Seminoles.

Florida could turn a focal tip of Sands’ US strategy. Earlier this year, the keep company sold its Las Vegas assets to Apollo Global Management and VICI Properties and an elbow grease to bring an structured resort hotel to Lone-Star State died. Prospects for a New York City casino, something LVS is rumored to live summons for, also appear murky.