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Florida Loses Out On Thousands Of Jobs With Gambling Law Dead

The unemployment rate in Florida is among the worst in the country, and some lawmakers thought they had a solution that would help lower that rate. On Friday, the unemployed in the Sunshine State learned bad news regarding their future when an expanded gambling bill was withdrawn in Tallahassee.

Representative Erik Fresen was the sponsor of a bill that would have allowed for three mega-casino resorts in South Florida. Analysts have estimated that the bill, if approved, had the possibility of bringing over 100,000 jobs to Florida. That would have been a game changer in terms of the unemployment rate in the state, but the bill had too many obstacles.

The first obstacle was that Fresen was not expecting the bill to make it out of committee. In order to become law, legislation must first pass a legislative committee, and then proceed to the full House and Senate. The gambling bill had many opponents in its current form, causing the sudden withdrawal of the bill this week.

Almost immediately after the bill was withdrawn, groups on both side of the debate weighed in on the future of expanded gambling in Florida. Opponents are touting Friday's withdrawal as a victory, while supporters of gambling expansion believe Friday was only a setback, and that full scale casinos in the state are inevitable.

"There is too much lobbying money coming in from the big gaming companies for this not to become reality at some point," said Kyle Brown, who was clearly disappointed about Friday's events. "This is just another way for the politicians to get more money into their campaigns. By denying the bill, companies like Genting and Las Vegas Sands will push harder and spent millions of dollars for the next election to ensure they get candidates in office that will pass a gaming bill."

Genting is the company that stands to lose the most by the slow process of the gambling bill. Genting has already invested in the site of the Miami Herald, where Genting is preparing to build a Resorts World Miami. That resort will have room for a casino on the second floor.

Las Vegas Sands has pumped millions of dollars and endless hours into lobbying Tallahassee lawmakers to make a change to the current laws. Sheldon Adelson, CEO of LVS, had Governor Rick Scott on his private plane just hours after Scott won the election in 2010.

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