Vegas Casino May Appear In New York

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February 3, 2022
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Vegas Casino May Appear in New York

The post sources reported that wynn resorts, bally’s corp. And las vegas sands positioned himself to compete for a casino license in the new york area waiting for albany to publish a request for proposals next next month. 

The crazy struggle occurs when albany striggles with a ression, which led to a massive loss of jobs and falling tax revenues. This prompted some legislators to insist on issuing three game licenses reserved for the southern part of new york (an area that covers the city, the lower part of the gudzon valley and long island) this year, and not in 2023, as planned initially.

It is expected that two of the three licenses will go straight to the game objects that already received permission to launch slot machines in the area: resorts world aqueduct racino in queens and mgm resorts empire city casino in jonkers. 

It will only leave one license for large las vegas players and atlantic city, who want to bring blackjack, roulette and other types of entertinment in the casino big apple or the neighboring nassau county. 

General director and chairman las vegas sands robert goldstein said the post in an exclusive interview that his company is still focused on arriving at empire state, even after selling last week in las vegas, including venetian resort, for 6.25 billion dollars. 

"We strive to new york – a step that can bring the bessary income to create thousands of jobs and help restore the staff from the devastating consequences of covid. And for this we do not need any subsidies, "said goldstein, meaning billions that" sands "put in a pocket at the exit from vegas.

Goldstein for the interest of his company in obtaining a gaming license in the gotama district at a telephone conference with investors in january. But the sale last week of his property in las vegas forced insiders to doubt that sands plans to complekely leave the united states and focus on his much more profitable asian gaming business. 

"No," said goldstein. "Although we prudently keep our capabitities open, we turned to us a variety of peple interested in real estate from almost every area. They all understand the huge potential economic benefits, "he said the post. 

Wynn and bally’s, none of whom publicly did not discuss his plans for the fight for a license in new york, refused to comment. 

Empire state casino race began in 2013 with amendments to the constitution resolving seven gambling establishments in the staff. Four casinos were licensed in the northern part of the state, and three casinos in the northern part of the state were imposed a moratorium because of the concerns that they will take the business from gambling companies in the northern. 

This moraratorium will expire in 2023. But the governor andrew kuomo declared his interest in accelerating the process in january, when he included a "request to express interest" in his proposal on the budget, giving the industry that he wants to hear them. 

If the state’s legislative body keeps this formulation in a budget plan, which should appear by april 1, soon the request for casino proposals may bee followed, and three licenses may be issued in the fall – more than a year earlier than the scheduled period, sources reported. 

Although the power of cuomo in albany decreased due to a number of recent scandals, including accusations of unwanted sexual harassment, it is expected than casino licensing process will continue according to the plan, sources added. 

The explored places include willets point in queens, where the new owner mets steve cohen rent a citi field stadium and adjacent parking; the development of belmont park on long island, where the belmont park hippodrome and islanders stadium are already located; and the saint george district on stanten island, where the ferry terrris wheel, the offered 630-foot ferris wheel, which will be located next to the empire outlets shopping complex. 

"I think manhattan is an offside zone. I think that westchester and nassau will be politically difficultu, "said one source close to the process, adding that he experts a new place license approval in external regions. 

According to sources, the project can cost from 2 to 4 billion dollars, depending on what the state wants. In addition to casinos and hotels, lawmakers may also ask for a conference center. 

Las vegas sands, controlled by the magnit casino and the republican shanldon aduelson donor before his death in january, is the largest of three casino networks with a market capitalization of $ 48 billion, six casinos in macau and one in singapore. 

Wynn resorts, founded by steve wine, who resigned due to charges of sexual harassment in 2018, has a market capitalization of $ 16 billion, two casinos in macau, two in las vegas and one in boston. 

Bally’s – the smallest of three, with a market capitalization of $ 2 billion and 15 casinos in 11 states, including bally’s atlantic city. But he is rapidly expanding, and it controls the native of new york su kim, who grew up in queens and studied at the stryuzest high school. 

In the end, according to sources, the size may not have such a large value as the political weight. 

"Bid participants will need to negotiate with political forces in areas. It will be a political process, "said a man close to the situation.

Source: new york post

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