Would a Casino in Times Square Work? New York Eyes Gaming Expansion to the Big Apple
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New York is considering opening a casino in Times Square. States are moving forward with regulating online sports betting, daily fantasy sports and even casino gaming.
SL Green Realty Corporation and Caesars Entertainment are planning to build a casino in Times Square. The state of New York is looking to open three new casino licenses. Two of the licenses are already held by Yonkers and Queens. Actors' Equity Association supports the idea of a new theater-based casino. It is thought that the two businesses would be able to cohabitate and share customers while enjoying increased security for everyone involved.
There are several major casino organizations in play for the final license for a casino in New York City. Steve Cohen, who is the majority owner of the New Yorkers, is negotiating with the Seminole Indian Tribe of Florida to establish a Hard Rock casino near Citi Field in Queens. Las Vegas Sands Corporation is interested in the same project, but they haven't found a development partner yet. Wynn Casinos is in talks with Related Properties to develop a resort on the Hudson Yards grounds. The committee will accept applications beginning January 6. A final decision won't be made until later in 2023 at the earliest.
