Real Estate Developers Mull Four Sites for New York City Casinos

Real demesne developers are considering multiple sites inward the Phoebe boroughs, including Times Square, for young casinos in New York City.

The New York Gaming Commission (NYGC) tin can number III gaming permits for downstate gaming venues. The New House of York Post reports that several titans of local commercial-grade existent estate, on with some of the gambling casino industry’s biggest names, are considering iv sites inward the New York City area, including Hudson Yards and Times Square inward Manhattan.

Other areas reportedly under considerateness are Coney Island inwards Brooklyn and Willets Point close Citi Field inward Queens.

New York’s 2023 budget features a mental process to present iii downstate casino licenses. Currently, the II New House of York City-area casinos — Resorts World New York City inward Queens and MGM’s Empire City Casino in Yonkers — are slots-only venues.

The state’s 2023 budget potential paves the right smart for those venues to turn full-service casinos with tabularize games and retail sportsbooks and ply a tertiary permit for a yet-to-be-determined operator.

Bidding Could Draw Hard Rock, Sands, Wynn

Assuming Empire City and Resorts World win favorable reception to extend tabularise games and open retail sportsbooks, that leaves single permit for which several other companies will vie. Competition is expected to follow fierce.

Hard Rock International — the gaming branch of the Seminole Tribe — Las Vegas Sands and Wynn Resorts are all said to be interested inward running a New York structured resort. For Sands and Wynn, a unexampled gaming venue inward the largest US urban center would supply much-needed revenue diversification as the operators looking to cut down their dependance on Macau.

Hard John Rock is a viable participant inwards the mix, too. The accompany has a non-gaming hotel in New York. It is a major presenter to the New York Democratic Party and Gov. Kathy Hochul’s (D-NY) reelection campaign, having donated half-dozen figures to both entities, according to the Post.

Previously, Bally’s was rumored to follow among the operators interested in a New House of York casino. Still, it’s unclear if that company’s $1.7 billion project in Chicago could season its Big Apple ambitions.

Manhattan Could Be Heavy Lift

As venture near a New York casino heats up, so does click that Manhattan — despite obvious desirableness — is likely non at last inwards the cards as the place borough for a unexampled gaming venue. State Sen. Brad Hoylman, who represents the Hudson River Yards and Times Square neighborhoods, told the Post he’s against the idea, and he believes locals sense the same way, noting it’s alfresco groups driving the casino effort.

Rumors intimate strong opposite to a cassino inwards Brooklyn and Westchester County, which, if true, reduces the identification number of areas inwards which gaming companies and existent landed estate developers can buoy consider.

All that could do work inward favour of Las Vegas Sands, which reportedly previously discussed the idea with New York Mets possessor Steve Cohen. That’s an indicant the manipulator is interested in Willets Point — a 61-acre game of put down crosswise the street from Citi Field.