Genting-Backed Casino Bill Stalls in Florida Legislature

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Plans by Genting Bhd., Asia’s second-biggest casino operator by market value, to build a 5,200-room resort overlooking Miami’s Biscayne Bay stalled when a Florida House of Representatives committee postponed a vote on a bill to expand casino gambling.

Today’s decision from the House Business and Consumer Affairs Subcommittee leaves little chance lawmakers will approve the issue this year. Representative Doug Holder, a Sarasota Republican and committee chairman, said the panel will not meet before the end of the legislative session March 9.