by Matt Alderton | November 02, 2011
If the stars align, the world's largest casino resort will soon be arriving at neither Las Vegas, Atlantic City, nor Monte Carlo, but rather Miami, where Malaysian developers want to build a $3.8 billion gaming destination that would be larger than Las Vegas' top six gaming resorts combined, London newspaper the Daily Mail reported yesterday.

Called Resorts World Miami, the proposed 800,000-square-foot would contain a whopping 8,500 slot machines in two separate casinos—making it larger than Las Vegas' Mirage, Venetian, MGM Grand, Bellagio, Wynn, and Caesars Palace put together, and two-and-a-half times larger than the largest gaming property in the United States: the Foxwoods Resort Casino in Ledyard, CT.

The project currently calls for four hotels offering 5,200 guest rooms, 1,000 residential apartments, a water lagoon the size of 12 Olympic swimming pools, more than 50 bars and restaurants, a shopping mall, and a convention center.

If built, the project is expected to create 100,000 jobs, attract 5.4 million visitors, and generate $800 million tax revenue.

Although the project's developer has already spent $500 million to acquire land around Biscayne Bay, Resorts World Miami cannot proceed until—and unless—a new bill to open up gaming laws in Miami is approved. Introduced in the Florida legislature this week, the bill would allow for three large casino resorts in the Sunshine State, provided developers spend at least $2 billion to build them. 

Currently, Florida only allows gaming on Native American tribal lands; the Seminole Indian tribe owns seven casinos in the state and reportedly has already spent $140,000 opposing the Miami project, according to the Daily Mail.