KUALA LUMPUR, July 18 — Genting Berhad has reportedly received four offers for a Miami waterfront property it owns, which it had originally wanted to turn into a casino.

One of the bids it received reportedly exceeded US$1.23 billion (RM5.58 billion), Bloomberg reported.

"There’s been no break in the receipt of offers — at and even above the US$1.225 billion price (RM5.56 billion),” Avison Young broker Michael Fay was quoted as saying.

The property, which spans almost 63,000 square metres, was the site of the old Miami Herald building, the report said.

It is also reportedly among the largest undeveloped properties along the city’s waterfront.

Genting had reportedly bought the property in 2011 for about US$236 million (RM1.07 billion).

In June, national news agency Bernama reported that Smart Miami City LLC had called off its bid for the property.

The land is reportedly close to Miami’s commercial, residential and shopping districts.