Las Vegas Sands, the industry’s leading integrated resorts firm, recently announced its intentions to launch a brand-new, multi-billion dollar casino and hospitality complex in New York‘s lower region.

Sands intends to plan a major entertainment, hospitality, and casino facility that is anticipated to help the local economy and provide new job opportunities.

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Renovation in Big Apple

According to a statement that was made public by the corporation, it has already made arrangements for a long-term lease of a location that the Nassau Veterans Memorial Coliseum presently occupies. 

Sands is projected to control up to 80 acres of land in Nassau County, which is located on western Long Island, New York, through a series of separate transactions. 

The New York State Gaming Commission, which is in charge of regulating gaming in the state, has just begun the application bidding process for three casino licenses in the downstate region. This announcement regarding the planned resort comes after this development.

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It is anticipated that the resort location, which would cost multiple billions of dollars, will include a wide variety of services, including hotel rooms rated five and four stars, outdoor community areas, and venues for live performances. 

It is anticipated that the new location will feature celebrity chef restaurants, fine dining establishments, as well as ballrooms and convention facilities, similar to those found in other internationally renowned Sands resorts. 

Given that the license permits for casino gambling, the venue would also provide excellent opportunities for gambling in its various forms. However, according to information provided by Sands, the casino floor is only planned to take up about ten percent of the overall area, which will provide plenty of room for other attractions that are not related to gambling.

The project will stimulate the local economy

David A. Paterson, a former governor of New York and currently a senior vice president of Sands, indicated that it is anticipated that the project will be transformative for the city. 

He explained that Sands is dedicated to generating new opportunities for businesses and communities, as well as creating thousands of jobs and bringing economic stimulation to the region.

In addition, Robert G. Goldstein, Chairman and Chief Executive Officer of Sands, stated that the corporation has already demonstrated that it contributes to the economic stimulation of places in where it works. 

At the same time, he pointed out that Sands believes the new location in Long Island would bring incredible value for the community and become a premier entertainment and hospitality destination. He said this while mentioning that the new facility is located on Long Island. 

According to Goldstein, the construction of the resort is anticipated to bring in millions of dollars in additional tax income for the state. Last but not least, he went on to say that the initiative will result in the creation of new employment possibilities for locals and will strengthen ties with the surrounding towns.

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