New York has officially opened up the application process for three casino licenses downstate. In that line, another gambling operator has shown interest in bidding for a New York casino.
According to a report by News12, Las Vegas Sands Corp. is eyeing a casino in Nassau County, Long Island. Nassau County is on the west side of Long Island. It is highly populated and borders the borough of Queens.
Las Vegas Sands Has Been Interested in a NY Casino for a While
This is not the first time Las Vegas Sands is rumored to be interested in a casino in New York. The first rumor was that the Las Vegas-based company proposed to build a casino near Manhattan and CitiField. The recent rumor suggests a different location in Long Island.
The former New York governor and the Sands Senior Vice President, David A. Paterson has suggested building a casino in Gold Coast. According to the vice president, GOLD Coast is better because it is less congested than Manhattan.
Paterson`s suggestion is better for several reasons. For instance, Nassau County is the second most populous county after New York City. This makes Nassau County a great opportunity for Sands to make it.
Nassau County is also a few miles from the Kennedy and LaGuardia airports. This will make it easy for visitors to access a casino in Nassau County.
While Las Vegas Sands is based in Sin City, it does not have a gaming property in the country. The company sold its last gaming facility in America last year, remaining with five Resorts in Macau and Marina Bay Sands casino in Singapore. Its interest to bid for a casino in New York is new, considering it sold other gaming properties in the country.
Should You Expect a Bidding War?
If rumors are true, Sands will become the seventh company bidding for a casino in New York. There are two other existing operators that would like to apply for a full casino license, bringing the number of bidders to nine.
Steve Roth of Vornado has proposed to build a casino in Herald Square. Another billionaire interested in a casino is Stefan Soloviev. Stefan told Bloomberg that he wants to build a casino on his six-acre piece of land south of the United Nations.
The New York Mets owner is also interested in a downtown casino. Steve Cohen has already consulted the public about his idea to build a casino at Willets Point, near his team’s stadium CitiField.
Meanwhile, other companies are partnering to propose casinos. For instance, Saratoga Nation and the Chickasaw Nation are joining hands with Thor Equities to build a $3 billion casino in Coney Island in Brooklyn.
Wynn Resorts is partnering with Related Companies to build a casino in Hudson Yards. Meanwhile, Caesars Entertainment is partnering with SL Green to build a casino at the 1515 building in Times Square. This proposal is already getting rejections from Broadway Associations.
The other two gaming operators already have casinos in New York. Resorts World Aqueduct and Empire City Casino have Class II operating licenses and want to upgrade to Las Vegas-style casino licenses. These casinos would only need to add table games to their current catalog to become fully commercial casinos.
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