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Massive Casino Project May Soon Get Underway in Miami

The stakes are high in Miami where the world's biggest casino -- to eclipse the gaming floors of Las Vegas' top six gambling dens combined -- could soon be built.

Malaysian firm Genting plans to spend $3.8 billion constructing Resorts World Miami -- an 800,000 square-foot spread that will include a convention center and four hotels, in addition to two large casinos. It will have more gambling space than Sin City's Mirage, Venetian, MGM Grand, Bellagio, Wynn and Caesars Palace put together.

The project, which would also include a shopping center ,would provide 5,200 new guest rooms. However, before construction on the ambitious development begins, a bill to open up gambling laws in Miami has to be approved.