Destination Casinos in South Florida: Findings of Fact and Recommendations
Destination Casinos in South Florida: Findings of Fact and Recommendations The Dr. Antonio Jorge Social and Economic Development Council, Miami-Dade County Advisory Board ABSTRACT This presentation intends to share the relevant experience of other cities around the world in dealing with casinos. If destination casinos do come, what are the terms that would be best for the people of Miami-Dade County and the State of Florida? Destination casinos attract visitors from outside of the locality where they are located. Only about 15% of the gamblers in casinos in Atlantic City and Las Vegas are local residents, but 83% of the gamblers on riverboats in Illinois are local. South Florida already has casinos directed toward local people. The current debate is about destination casinos that would attract affluent tourists. This document does not take any position regarding whether we should have destination casinos or not, but we want to show what the consequences might be for allowing the new forms of gambling. May 25, 2013 The Members of The Dr. Antonio Jorge Social and Economic Development Council, 2012 Raul Moncarz, PhD Chairman, Professor (Emeritus) and Vice-Provost FIU (retired) Maria Dolores Espino, PhD Vice-Chairwoman, Professor St. Thomas University Wilbur Bascom, PhD. Bascom Consulting, Inc. Nancy Borkowski, PhD. Associate Professor, FIU Rosendo Castillo. President, Castle Capital Finance Corp. Marcos Kerbel. Adjunct Professor of Finance, FIU (former international banker) Kenneth Lipner, PhD. Economics Professor, FIU (retired) Jose Lopez-Calleja, Associate Professor, Miami-Dade College Elisa Moncarz, Professor (Emeritus), FIU German Muños, Professor, Miami-Dade College (retired) Rolando Ochoa, DBA. Adjunct Professor, Nova Southeastern University Pedro Pellet, PhD.
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