New York: Big time casino operators ramping up efforts for casino projects

New York: Big time casino operators ramping up efforts for casino projects

New York City Casino scene is attracting casino developers and operators. Interested parties are apparently targeting Hudson Yards, Times Square, Willets Point near Mets Citi Field, and Brooklyn’s Coney Island.

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New York Gaming Commission issues an RFI inquiring interest to build casino in the area

Authorize to Give Up Three License in New York Area

The state Gaming Commission has been authorized to give up to three licenses in the downstate area, and Mayor Eric Adams wants at least two. Related Companies in Hudson Yards and Vornado and SL Green in Times Square are interested in working with Hard Rock, Sands and Wynn for local venues, sources said. 

Developers and casinos have informed Adams’ office and Gov. Kathy Hochul of their early plans, sources said. Related Companies executives, led by Hochul contributor Stephen Ross, allegedly met with City Hall to explore a casino plan on the far West Side.

A Related Companies official acknowledged interest in developing a casino in Manhattan to The Post, saying the company is examining its possibilities. 

Hudson Yards has enough land to create a casino, and the No. 7 and Penn Station stations are close. New York Mets owner Steve Cohen and his partners have also reportedly talked to City Hall about creating a casino. Thor Equities has also discussed developing a casino in Coney Island, a source said.

Exploring to A Possible Deals in the Market 

 

Business entrepreneur John Catsimatidis constructed Ocean Drive waterfront mansions along the Coney Island coastline. The investor says a casino would be “great” for Coney Island and Brooklyn, adding “vigor” to the area. Besides real estate corporations and developers, US gaming titans are also interested. Hard Rock has given six figures to the governor’s campaign, according to fund-raising records, and its lobbyists have met with City Hall Chief of Staff Frank Carone, lobbying records indicate. The source said firm officials have explored a possible deal with Cohen for a Willets Point casino, which is accessible by the No. 7 subway line, Long Island Rail Road, Grand Central Parkway, and Long Island Expressway.

Sands CEO Rob Goldstein has also visited with Carone about bringing a new casino to New York. If a casino is built, it will need two-thirds of a six-member community advisory board’s approval. The governor and mayor would select borough presidents, state senators, assembly members, and City Council members. Unless the planned site is on state-owned land, the City Council must approve its land-use review.

The Post says the scenario gives neighborhood activists and municipal leaders a lot of influence. State Sen. Brad Hoylman, who represents Hudson Yards and Times Square, “strongly” opposes a Manhattan casino, saying locals don’t want one. Resorts World in Aqueduct in Queens and Empire City at Yonkers in Westchester County are two existing slots parlors in New York. The two establishments will seek for a full license to grow and provide live table gaming. Should those two locations be chosen -which have an edge due to speed to market and demonstrated experience- there would be a competition for the remaining license.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.