Why Manhattan Is the Ideal Place for a Casino

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Trip Pub

No dice: Vornado backs out of NYC casino race

Vornado Realty Trust CEO Steven Roth revealed Tuesday that a New York City casino is likely not in the cards for the company. "It's highly likely that we will not pursue the casino license," he said on an earnings call. Real estate giant Vornado previously expressed an interest in entering the crowded bidding war for one of three casino licenses on…

Land-based ・ 01 November 2023

AMNY

Rolling the dice: A closer look at the 10 contenders seeking lucrative New York casino licenses

This story was reported by Timothy Bolger, Ben Brachfeld, Jada Camille, Aidan Graham, Carlotta Mohamed, Dean Moses, Bill Parry, Aliya Schneider, Robbie Sequeira and Ethan Stark-Miller. It was edited by Christian Murray and Robert Pozarycki. New Yorkers are bearing witness to a World Series of Poker-style showdown featuring ten bids involving some…

Land-based ・ 09 March 2023

City & State New York

Casino and real estate magnates are looking to hit the jackpot in New York City

Soon, three new full-scale casino licenses will be issued in the New York City area, and business interests from across the globe are looking to get in on the action. Among those vying for the rights to develop their gambling and leisure megacomplexes - the licensing fee is $500 million with a minimum investment of another $500 million in the…

Winnings ・ 07 March 2023

Yogonet

Las Vegas Sands reportedly exploring Nassau County as location for potential New York casino bid

Nevada-based casino and resort giant Las Vegas Sands is reportedly eyeing Nassau County for a potential casino application in New York, according to local media. The firm's interest in pursuing an opportunity in the Empire State follows a New York Gaming Facility Location Board vote on Tuesday that opened up the application process for three…

Law ・ 12 January 2023

Wild Casino

$5,000 Welcome Bonus

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Politico

High rollers vie for New York casino in Times Square

But the real estate honchos promising pomp and circumstance - namely, Related Companies at Hudson Yards and SL Green in Times Square - have to overcome something their money can't buy: A handful of local politicians who not only don't care about the flashy proposals, but are turned off by Manhattan's years-long transformation into a playground for…

Industry ・ 11 January 2023

US Bets

No Mention From Governor, But New York Casino Process Moving Along

New York Gov. Kathy Hochul spoke for nearly an hour during her State of the State Address Tuesday, mentioning sweeping, expensive proposals for mental health, housing, inflation, security, and energy policies before mentioning that those ideas were just the "tip of the iceberg" of what she'd like to accomplish. "I know most of you cannot wait to…

Finance ・ 10 January 2023

Propmodo

Do Casinos and Big Cities Mix? Some Major Real Estate Developers Think So

Thousands of miles east of Las Vegas, big-name developers are clamoring for a rare casino license in one of the most densely-populated cities in the country. A long-in-the-works set of licenses, which will cost at least $500 million each, are up for grabs in New York state, which has led to a rush of bids from companies including Manhattan's…

Land-based ・ 01 December 2022

Forbes

The Big Gamble: Inside The Battle to Operate A Casino In New York City

N ew York has begun the formal process to license up to three casinos in and around the city's five boroughs. And the billionaire-backed gambling companies and real estate developers are going all in to bring one to Manhattan. Building Las Vegas-style casinos in New York City is a seismic shift in the gaming industry. The state already has four…

Gaming Authorities ・ 21 October 2022

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InvestorsObserver

Developers and Billionaires Are Lining Up for the Chance to Operate a New York City Casino

As the development of a New York City casino inches closer towards reality, the race is on to secure a license. New York state voters authorized the creation of seven casinos in 2013, and four upstate facilities opened in the first phase. Now the second phase is underway, and licenses for three casinos in the New York City area will soon be open…

Land-based ・ 05 October 2022

iGaming Brazil

Wynn teams up with developer to design the first 'Las Vegas-style' casino in New York

A major player in the Las Vegas gambling industry, Wynn Resorts has teamed up with New York real estate giant Related Companies - promoter of Hudson Yards - to bid for a casino in midtown Manhattan. The parties want to place a casino in the western half of Hudson Yards. The casino will be located near the Javits Center, in the western area of the…

Gaming Authorities ・ 21 September 2022

New York Post

NYC developers eyeing casinos for Hudson Yards, Times Square, Willets Point, Coney Island

New York City developers and gaming operators are putting their chips on the table in a frenzied bid for the right to open local casinos, including in Times Square and Hudson Yards, The Post has learned. Some of the other sites being eyed are Willets Point near the Mets Citi Field ballpark in Queens and Brooklyn's Coney Island, according to sources…

Politics ・ 25 July 2022

Vegas Inc

5 things to know about 3 casinos that may be headed to NYC area

NEW YORK - Whether New Yorkers are ready or not, casinos will soon be coming to the New York City area. Precisely how soon and how many remains to be determined. What we know is that in April, New York state approved the issuance of three new casino licenses intended for the area. Technically, one or more of the licenses could be issued to a casino…

Gaming Authorities ・ 03 May 2022

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The New York Times

5 Things to Know About 3 Casinos That May Be Headed for N.Y.C. Area

Whether New Yorkers are ready or not, casinos will soon be coming to the New York City area. Precisely how soon and how many remains to be determined. What we know now is that in April, New York State approved the issuance of three new casino licenses intended for the area. Technically, one or more of the licenses could be issued to a casino…

Gaming Authorities ・ 02 May 2022

The New York Times

5 Things to Know About NYC-Area Casinos That May Be Coming

Whether New Yorkers are ready or not, casinos will soon be coming to the New York City area. Precisely how soon and how many remains to be determined. What we know now is that in April, New York State approved the issuance of three new casino licenses intended for the area. Technically, one or more of the licenses could be issued to a casino…

Law ・ 01 December 2022

Gothamist

New York City casinos: What to know about the state’s big bet

Like it or not, full-scale casinos are on their way to New York City and the greater metro area. Earlier this month, Gov. Kathy Hochul and state lawmakers fast-tracked the approval process for the state's final three remaining casino licenses, which are destined for downstate after the first four were reserved for regions north. Casino operators…

Land-based ・ 01 May 2022

The New York Times

A Casino Atop Saks? Lobbyists Push for Manhattan Gambling Site

A Monaco-style casino atop Saks Fifth Avenue, across the street from St. Patrick's Cathedral. A gambling den with East River views, alongside a popular wedding venue. A Hard Rock casino in the center of Times Square. In the next several days, as part of state budget negotiations, Gov. Kathy Hochul and legislative leaders may well hash out a deal…

Gambling Sites ・ 30 March 2022

The Day

For casinos, more competition from New York may be in the cards

While that prospect still might seem far-fetched, the likelihood that New York state will license two full-scale casinos near the Connecticut border by the end of the year is very real. Foxwoods Resort Casino and Mohegan Sun have been expecting it. Ever since Empire City Casino and Resorts World New York City opened at Yonkers Raceway and Aqueduct,…

Covid ・ 26 March 2022

Politico

The race is on to build a casino in New York City

New York state has a ban on new casinos until 2023, but Gov. Kathy Hochul wants to end that moratorium this year, allowing up to three casinos to open downstate. And already nine gambling giants are eager to bid on the contracts and are likely to offer grandiose plans for casinos, hotels and entertainment venues to boost their proposals. Some are…

Travel ・ 06 December 2023

Gambling News

Gaming Operators Lining Up to Get in on New York's Casino Action

As soon as New York acknowledged publicly that it might expand its land-based casino market, several operators jumped. According to The Times Union, Bally's, Hard Rock, Las Vegas Sands and Wynn Resorts were among the companies that responded to the request for information (RFI) by the New York State Gaming Commission (NYSGC) before the deadline of…

Gaming Authorities ・ 17 December 2021

City & State New York

What’s on the state Legislature’s 2022 gambling agenda?

New York bettors will soon be able to make online sports bets without having to leave the state. So you won't need to bike over the George Washington Bridge to New Jersey to place your bets. In November, the state Gaming Commission approved the licenses for nine online sports betting operators, and a final tax rate of 51% on their profits. Online…

Law ・ 16 December 2021

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The Real Deal

Developers Dust Off Pitch For New York City Casino

New York needs money, and some real estate developers say they have just the solution: another casino. According to the New York Times, Vornado Realty Trust has proposed a gambling venue at its property near Herald Square; Morris Bailey has discussed having one at his own Herald Square property; and L&L Holding Company has pitched one idea as part…

Land-based ・ 22 January 2021

Gambling

Major Casinos Compete For Manhattan License

New casino licenses won't be issued in New York until at least next year, but major gaming operators already are vying to open resorts in New York City. Las Vegas-based Caesars Entertainment is the latest to seek one of three downstate casino licenses, announcing plans this week for a casino in Times Square. Caesars is teaming with SL Green Realty…

Gaming Authorities ・ 21 October 2022