Full information to who’s recreation for NYC space’s subsequent casinos



Gaming giants and real-estate honchos are placing all their chips on the desk to win one in every of three coveted licenses to function a on line casino in or round New York Metropolis.

“There’s nonetheless a big market for land-based casinos on this nation and the New York Metropolis metropolitan market specifically,” stated Albany Legislation Faculty Professor Bennett Liebman, a former deputy secretary to the governor for gaming and racing, to The Publish.

Gaming pursuits have already spent hundreds of thousands of {dollars} on lobbying and media consultants to make their case to native and state officers as deadlines creep nearer to submit bids subsequent yr.

Listed here are the deep-pocketed contenders:

Many potential betors are in search of a bid on NYC casinos — listed here are the contenders. Paul Martinka

MANHATTAN

Location: Hudson Yards
Title: Wynn New York Metropolis
Developer: Associated Corporations/Wynn Resorts.
Particulars: $12 billion on line casino advanced that features a resort, workplace house, flats, and a 5.6-acre park
Professionals: Enhance to adjoining Javits Conference Middle, views of Hudson River, entry to the Excessive Line
Cons: Buddies of the Excessive Line are spearheading group opposition, native elected officers not enthused by undertaking, both.

Wynn unveil renderings of the proposed on line casino for Hudson Yards. Associated Corporations and Wynn Resorts
The $12 billion on line casino advanced that features a resort, workplace house, flats, and a 5.6-acre park. Associated Corporations and Wynn Resorts

Location: Occasions Sq.
Title: Caesars Palace Occasions Sq.
Developer: Caesars Leisure, SL Inexperienced and Jay-Z Roc Nation
Particulars: $4 billion on line casino advanced that may be constructed at 1515 Broadway within the coronary heart of Occasions Sq..
Professionals: Jay-Z curates the leisure, and there’s entry to the Nice White Means.
Cons: Opposition from theater producers — the Broadway League  — and the No Occasions Sq. coalition that features neighborhood teams

Caesars Palace Occasions Sq. will probably be a $4 billion on line casino advanced that may be constructed at 1515 Broadway within the coronary heart of Occasions Sq.. A Higher Occasions Sq.

Location: Far West Aspect
Title: Avenir
Developer: Silverstein Properties/Greenwood Gaming and Leisure
Particulars: World Commerce Middle developer Larry Silverstein is spearheading the plan, which includes a 1.8 million-square-foot undertaking for a resort, on line casino, leisure and residential advanced on vacant land at West forty first Avenue and eleventh Avenue, simply north of the Jacob Javits Middle.
Professionals: As with Wynn NYC, the Avenir could be a lift to the Javits Conference Middle and tourism trade.  
Cons: Overcoming native opposition will probably be a problem.

Saks Fifth Avenue may home a on line casino in Manhattan. Roman Tiraspolsky – inventory.adobe.com

Location: Fifth Avenue
Title: Saks Fifth Avenue On line casino
Developer: Saks Fifth Avenue and Hudson’s Bay Firm
Particulars: The posh division retailer at 611 Fifth Ave. between East forty ninth and East fiftieth streets — subsequent to St. Patrick’s Cathedral — needs to convey high-rollers to the house of excessive vogue on the highest flooring of its flagship constructing.
Professionals: Elevated foot site visitors for a Fifth Avenue damage by the COVID-19 pandemic
Cons: Group opposition. Would want divine intervention to find a on line casino subsequent to New York’s most cherished Catholic church

Location: Midtown East River
Title: Freedom Plaza
Developer: Metropolis real-estate scion Stefan Soloviev and Mohegan Solar
Particulars: 4 towers alongside the East River that would come with flats and accommodations with an underground on line casino
Professionals: Bid features a “Freedom Museum” and 6.7 acres of inexperienced house
Cons: Opposition from native politicians

An entrance to the primary corridor of Genting’s Resorts World New York on line casino at Aqueduct Race Observe in Jamaica part of Queens. Corbis through Getty Photographs

QUEENS

Location: South Ozone Park-Jamaica
Title: Resorts World New York Metropolis at Aqueduct
Developer: Genting/Resorts World On line casino
Particulars: The bidder, which already owns an current slots parlor, has proposed a $5 billion plan that features a pitch to broaden its present operations and in addition supply stay desk video games reminiscent of black jack and craps. The proposal features a new 7,000-seat live performance venue and sports activities coaching facility.    
Professionals: Its slots parlor, which opened in 2011, has generated greater than $4 billion for state coffers, and its bid has robust local people and political help.
Cons: Resorts World Las Vegas — a separate on line casino that’s a part of the identical Genting empire — is ensnared in an alleged unlawful bookmaking scandal involving the interpreter of baseball celebrity Shohei Ohtani.

Location: Willets Factors/Flushing Meadows/Corona
Title: Metropolitan Park
Developer: Mets proprietor Steve Cohen and Exhausting Rock Worldwide
Particulars: Sprawling $8 billion gaming middle, resort and music venue close to the Mets’ Citi Discipline stadium.
Professionals: A part of an ongoing reclamation undertaking to spruce up concrete parcels round Citi Discipline and Willets Level, a plan that individually features a skilled soccer stadium and housing. The undertaking touts entry to twenty acres of inexperienced house and Flushing Bay.
Cons: Cohen has not but received approval from the state legislature to transform the designated parkland property eyed for the undertaking to be used as a on line casino leisure advanced due to opposition from native state Sen. Jessica Ramos. Plan additionally may minimize into Genting Resort World at Aqueduct’s current slots enterprise simply miles away.   

Individuals congregating alongside the Coney Island boardwalk in Brooklyn, escaping the town’s warmth. Joe Rondone/The Republic / USA TODAY NETWORK
Coney Island On line casino will probably be developed by Thor Equities, Chickasaw Nation’s International Gaming Options, Saratoga On line casino Holdings and Legends Hospitality Group. The Coney NYC

BROOKLYN

Location: Coney Island
Title: The Coney
Developer: Thor Equities, Chickasaw Nation’s International Gaming Options, Saratoga On line casino Holdings and Legends Hospitality Group
Particulars: $3 billion “Coney” on line casino, resort and conference corridor erected simply steps from the storied Brooklyn boardwalk and seashore, smack between the positioning’s iconic Cyclone and Marvel Wheel
Professionals: Would assist rejuvenate Coney Island as a serious vacationer vacation spot
Cons: Native Group Board 13 voted overwhelmingly towards the undertaking, with opponents saying they don’t need the long-lasting seashore to be changed into Atlantic Metropolis.

Ferry Level Park within the Bronx Michael Sofronski

BRONX

Location: Ferry Level
Title: Bally’s On line casino
Developer: Bally’s
Particulars: Bally’s acquired the lease to run the golf course at Ferry Level from the Trump Group and now hopes to transform parts of the positioning’s parking zone and follow vary, which rely as parkland, right into a on line casino middle.
Professionals: Positioned on the foot of the Whitestone Bridge, the on line casino would have quick access from Queens, The Bronx, Lengthy Island and Westchester County. Waterfront views of the East River and Lengthy Island Sound
Cons: As with the Cohen undertaking, Bally’s wants legislative approval to transform the parkland for business use.

Bally’s On line casino will probably be situated in Ferry Level. Bally’s
The on line casino would have quick access from Queens, The Bronx, Lengthy Island and Westchester County. Bally’s
Aerial view of Nassau Coliseum, the proposed location for a on line casino in New York Metropolis. Google Maps

NASSAU COUNTY, LI

Location: Uniondale
Title: Sands New York
Developer: Las Vegas Sands
Particulars: The Sands secured a lease from Nassau County to transform the Nassau Veterans Memorial Museum Coliseum right into a on line casino advanced with a stay efficiency theater, a resort and wellness spa, eating and conference house.
Professionals: Massive Nassau-Suffolk market not far Queens border, robust help from Republican-led authorities
Cons: Robust opposition spearheaded by close by Hofstra College

Company attend as Kim Zolciak hosts the Kentucky Derby hat contest at Empire Metropolis On line casino at Yonkers Raceway on Could 6, 2017 in Yonkers, New York. Dave Kotinsky

YONKERS

Location: Yonkers Raceway
Title: Empire Metropolis
Developer: MGM Resorts Worldwide
Particulars: The Raceway launched slot-machine-style gaming in 2006 with its Empire Metropolis On line casino. Now it’s aiming for a full-on gaming license with a $3 billion growth plan that may supply stay desk bets.
Professionals: As with Resorts World at Aqueduct, it has a observe report of success and native help.
Cons: Gaming professional Liebman describes MGM’s preliminary proposal as “underwhelming,” particularly compared to the Hudson Yards, Cohen, Occasions Sq. and Sands proposals. “If different glitzier proposals really attain the Gaming Facility Location Board, can they compete?” he stated of Yonkers.

Each Liebman and John Sabini, former chairman of the state racing and wagering board, instructed The Publish that the present slots-parlor bidders — at Aqueduct and Yonkers — are the “favorites” to win two of the licenses.

They’ve each been tax-generating money cows for the state for greater than a decade and revel in robust native political help, the specialists famous.

Revenues from the gaming corporations who’re awarded the brand new on line casino licenses will assist fund the Metropolitan Transportation Authority.

“I’d say the `racinos’ are the favorites. They’ve a observe report of being a companion with the state for a very long time,” Sabini stated.

The present parlors is probably not shoo-ins, notably when their proposals are judged towards among the competing dazzling plans, the specialists stated.

Occasions Sq. could possibly be a possible location for a on line casino. Getty Photographs

However group and political opposition to the opposite plans may matter greater than the proposals’ deserves, they stated.

“There’s going to be opposition to each proposal,” stated Sabini, who notably was skeptical of any Manhattan pitch that survives the evaluation course of.

Genting Resorts World spent $2.87 million lobbying in Albany final yr to attempt to persuade foes of its plan’s deserves.

Cohen and his companion additionally doled out greater than $2.5 million mixed pitching their plan. 

Map graphic displaying proposed on line casino places in New York Metropolis. NY Publish

Given hostility to a brand new on line casino in Manhattan, each gaming specialists rated Las Vegas Sands’ bid a severe contender for the third license up for grabs.

“The Sands proposal might be the strongest proposal proper now. Lengthy Island/Nassau-Suffolk is a reasonably good market,” Sabini stated.

The proposals should safe a two-thirds vote from elected officers on native six-member Group Advisory Committees earlier than even being thought of by a statewide gaming facility location board after which the state Gaming Fee.

Liebman stated Massive Apple Mayor Eric Adams’ latest political woes, triggered by a number of federal probes of his administration, is an “added wildcard” that might affect the choice course of.

“If the widely pro-casino Adams is not the mayor and doesn’t appoint an advisory committee member, doesn’t this make the method even tougher for many of the New York Metropolis-based on line casino initiatives?,” the prof stated.

The successful bidders must pay the state a minimal $500 million up-front license charge.



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