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NYguy Oct 27, 2021 9:06 PM
NEW YORK | Casino Development| FT| FLOORS
 
We already have the Aqueduct “racino”, and numerous casinos upstate. The 3 remaining casino licenses will be downstate in New York City and region.



https://casinobeats.com/2021/10/21/n...ssues-rfi/?amp

New York to potentially add three casinos as regulator issues RFI


October 21, 2021


Quote:
The New York Gaming Commission has issued a request for information that is charged with gauging interest from operator’s in developing and/or operating one of three casinos in the city region.

This is intended to inform the Commission for the purposes of determining the appropriate size and scope of development, value of the gaming facility license, and process that should be used in award consideration.

Under state law, the regulator can pursue the development of three downstate casinos in New York after a prior policy of former Governor Andrew Cuomo pushed the addition of upstate gaming venues in a bid to create jobs, as well as reduce unemployment in disadvantaged areas.
Quote:
A deadline for submission of questions is set at November 10, 2021, and final submissions must be in by December 10, 2021. The Commission is obligated to prepare and distribute a report with the results of the RFI to the governor and the state legislature no later than six months after receiving such information.

“The Commission is seeking information to develop a better understanding of interest in the unawarded commercial casino licenses and, if there is interest, what factors should be considered by the state in the development of a process to award such licenses,” the NYGC RFI reads.

“Accordingly, the Commission is issuing this document to draw input from interested and affected parties.”




https://nypost.com/2021/10/20/gaming...-nyc-area/amp/

Gaming agency seeks bids to open casinos in NYC area


By Carl Campanile and Bernadette Hogan
October 20, 2021


Quote:
……. Two of the three licenses could go to gaming properties that have already been OK’d to run slot machines in the area: the Genting-owned Resorts World Aqueduct Casino in Queens and the MGM Resorts-owned Empire City Casino in Yonkers.

Malaysian-based Genting recently opened a hotel at Aqueduct and expanding to a full-fledged casino to include card games has always been part of its plans.

The Post previously reported that Bally’s Corp., Wynn Resorts, and Las Vegas Sands are all quietly positioning themselves to compete for a New York City-area casino license.

The casinos could be located anywhere in New York City, Nassau-Suffolk in Long Island and Westchester-Rockland-Putnam counties north of the city.

But there’s strong opposition among Manhattan lawmakers from opening a casino in Midtown or other parts of New York County.
Quote:
The Post has reported that casino operators were scouting sites including Willets Point in Queens, where new Mets owner Steve Cohen leases the Citi Field ballpark and adjoining parking lots; the Belmont Park development in Long Island, which is already home to the Belmont Park racetrack and a new Islanders hockey arena and Staten Island’s St. George neighborhood — home to the Staten Island Ferry.

A recent study conducted by the New York State Gaming Commission estimated that opening three new downstate casinos — which include the conversions of Aqueduct and Yonkers and opening a new casino in Manhattan — could generate between $420 million and $630 million in revenues per year.

NYguy Oct 27, 2021 9:14 PM
https://www.casino.org/news/empire-c...o-license/amp/

As Empire City Turns 15, MGM Resorts Reiterates Interest in Full Casino License


https://www-casino-org.cdn.ampprojec...3-1024x760.png



Quote:
October marks the 15th anniversary for the Empire City Casino, and according to a release from MGM Resorts International, the Yonkers, NY facility heralded the occasion by reaching another milestone.

Earlier this month, the video lottery terminal venue at Yonkers Raceway reached the $4 billion mark in funding for New York state education. More than $1.3 billion has been generated in the last five years. That’s despite a six-month closure and several months of reduced operating capacity because of the COVID-19 pandemic.

Empire City officials said the Westchester County casino’s economic impact extends beyond its funding for education. It’s the largest private employer in Yonkers, with more than 1,000 workers. More than 70 percent of the workforce lives in Yonkers, nearby Mount Vernon, or the Bronx, the latter the closest New York City borough. The casino has an annual payroll of $80 million and spends more than $30 million each year in purchasing goods and services from local businesses.

….. Empire City said it would add another 2,500 employees if it received one of the three casino resort licenses set aside for the downstate region. It also said the move would lead, directly and indirectly, to more than 10,000 new jobs.

Senior Vice President and General Manager Ed Domingo said in a statement that MGM is “fully committed” to New York.

NYguy Oct 27, 2021 9:18 PM
https://www.ksat.com/entertainment/2...outputType=amp

Hard Rock considering two NYC-area casinos 8 miles apart


Wayne Parry
October 27, 2021


Quote:
Hard Rock wants to build a casino in or near New York City, even as it moves forward with a plan to build another one in northern New Jersey, about 8 miles away.

Jim Allen, chairperson of the global gambling, entertainment and hospitality company owned by Florida's Seminole Indian tribe, said Tuesday that Hard Rock will submit an expression of interest to New York officials by the Dec. 10 deadline.

New York has three remaining casino licenses to be awarded in the downstate region that includes New York City, which has long been the holy grail for the casino industry, given the region's population and wealth.
Quote:
Afterward, Allen said in an interview that the company is not abandoning a plan it unveiled in 2015 to build a casino resort at the Meadowlands Racetrack just outside New York City.

“We're interested in both markets, and if God is good enough to allow us to operate in both, we would be happy to do so,” he said.

Hard Rock would need permission from New Jersey voters to build in the Meadowlands. They resoundingly rejected a plan in 2016 that would have authorized casinos outside Atlantic City, the only place in New Jersey they are permitted.

Hudson11 Oct 27, 2021 9:21 PM
I doubt more would be built in Westchester due to Yonkers and Connecticut already having multiple. No way in Rockland because of suburban NIMBYs. Queens/Long Island seems okay. A Staten Island Casino would bring in a lot of economic activity to the forgotten borough, but the development sites are limited - I can only imagine it being on the North Shore near St. George and the Ferry terminal. Maaaybe Manhattan? But casinos like huge floors to fit in as many retail stores and gambling stations as possible. Manhattan is not ideal for such an operation.

I think an ideal place would be Governor's Island. It's already rezoned for hotels.

NYguy Oct 27, 2021 9:40 PM
Casinos are banned on Governors Island, along with residential development. BTW, I forgot to mention that Govs Island is open year ‘round now. Some of the best news of the year.

Existing sites (like Westchester and Queens) probably have an advantage. They’re already up and running, bringing in a gazillion dollars, and have room for expansion.

If they ever did decide to put one in Manhattan, it should be on the west side, near the Javits. Times Square has way too much going on.

Another logical place would be Coney Island in Brooklyn. It could jumpstart the indoor amusement district, finally realizing the goal of making the area more than seasonal.

Busy Bee Oct 27, 2021 11:05 PM
Yes to Coney Island, seems like an appropriate fit. Leisure and vice. Not sure why anyone would think Governors Island would be a good spot for a casino, whether they're banned or not. The only possible benefit I could see would be it might push a 1 train extension to Red Hook via Gov Island one step closer to serious consideration.

NYguy Oct 29, 2021 8:21 PM
https://www.sportico.com/business/fi...234645247/amp/

Mets Owner Steve Cohen in Talks on Sands Casino Near Citi Field


Scott Soshnick and Eben Novy-Williams
October 29, 2021


Quote:
Steve Cohen, the billionaire owner of the New York Mets, is in discussions with Las Vegas Sands Corp. about a possible casino next to Citi Field, according to multiple people familiar with the discussions.

The talks are preliminary, according to the people, who were granted anonymity because the matter is private. The state is currently in the early stages of exploring casino licenses in the New York City area, and any formal plan would still require a series of regulatory and legislative approvals.
Quote:
”Steve thinks that Willets Point needs to be addressed long-term—it’s a mess,” said a Mets spokesperson, adding the team’s priority remains on filling open baseball positions. “He has been hearing lots of ideas, and the Mets want to be part of those conversations to ensure the interests of our fans and the local community are well represented.”

A representative for Las Vegas Sands didn’t respond to an email and voice message.

Earlier this month the New York State gaming commission issued a 14-page request for information to gauge interest in three unawarded casino licenses in the lucrative “downstate” region in and around New York City. Considered a precursor to opening a formal bidding process, responses are due Dec. 10.
Quote:
The Mets own Citi Field, which opened in 2009 adjacent to the site of the old Shea Stadium in Flushing, Queens. The team has a 99-year lease to the land, which includes lots adjacent to the stadium that are being considered for a potential casino, the people said.

Founded by the late billionaire Sheldon Adelson, Las Vegas Sands (NYSE: LVS) is one of the country’s largest operators of casinos and resorts, with eight properties and more than 50,000 employees around the world. Its portfolio includes the Venetian Resort and Sands Expo in Las Vegas.

New York State legalized casino gaming nearly a decade ago, with a license structure that prioritized upstate communities far from New York City. A bidding process awarded four commercial casino licenses, leaving three others for possible future development.
Quote:
The gaming commission’s request for information regarding those three unawarded licenses cover “downstate” locations—New York City, Nassau and Suffolk counties on Long Island, and three counties north of the city (Westchester, Rockland and Putnam).

The New York Post reported earlier this month that casino operators had scouted spots near Citi Field, near Belmont Park in Long Island (home to the racetrack and the New York Islanders’ new arena) and the St. George neighborhood in Staten Island. It mentioned Bally’s Corp., Wynn, Las Vegas Sands and Malaysia-based Genting as groups that might express interest.

NYguy Dec 11, 2021 8:20 AM
https://acropreneur.com/a-plan-for-a...r-landing-pad/

A plan for a $3 billion casino in New York’s Manhattan includes a massive crypto-trading floor and a flying-car landing pad


Quote:
A Las Vegas-seasoned asset manager and a gaming giant are eyeing an addition to New York’s famed Manhattan skyline — a multibillion-dollar casino with space for trading cryptocurrencies and a landing pad for flying cars.

UE Resorts International, a subsidiary of Japan-based gaming tech provider Universal Entertainment Corporation, in partnership with Jason Ader, a former Las Vegas Sands board member, expects to submit a pitch for the casino to the local gambling regulator by Friday, according to plans seen by Insider.

Their proposed crypto trading floor should be the biggest in the world, and the project includes an esports arena and a venue for events such as New York Fashion Week, the US Open, and Fleet Week.
Quote:
“Mirai,” the chosen name for the casino, means “future” in Japanese. The cost estimate for the project is $3 billion or more — though that might change depending on its location, which has not been finalized.

While UE Resorts and Ader prefer the site to be located in Manhattan, local officials have previously opposed the idea of a casino in the area. Other sites being considered are Long Island and neighboring counties, according to Bloomberg.

Ader’s blank-check company, 26 Capital Acquisition Corp, will merge with a Philippines-based casino resort owned by Universal.

UE Resorts plans to eventually list its shares on the Nasdaq. The proposed New York-based casino is expected to be the company’s only development in the US.



https://www.bloomberg.com/news/artic...-trading-floor

New York City Casino Pitch Includes Cryptocurrency Trading Floor
Ader’s $3 billion plan includes landing pad for flying cars


By Christopher Palmeri
December 7, 2021


Quote:
Money manager Jason Ader will submit plans on Dec. 10 for a casino in the New York area that features what he said would be the world’s largest cryptocurrency trading floor and a landing pad for flying cars.

Ader, a former casino analyst, said the project will also include an esports arena and space for events such as New York Fashion Week. The project could cost $3 billion or more, depending on the site, which has yet to be determined. Ader said he would prefer the location be in Manhattan.

The New York State Gaming Commission set a Dec. 10 deadline to receive requests for information for what is expected to be three new casino licenses in the southernmost part of the state. They are the last ones authorized as part of a 2013 ballot measure that allowed for seven new nontribal casinos, four of which have already been built upstate.



https://markets.businessinsider.com/...ng-car-2021-12

https://img-s-msn-com.akamaized.net/...60&u=t&o=f&l=f





https://www.vegasslotsonline.com/new...trading-floor/

Pitch for $3bn+ New York City Casino Features Flying Car Landing Pad, Crypto Trading Floor


Quote:
The chief executive’s New York casino pitch will come via a new business he is forming in partnership with Universal Entertainment Corp., a Japanese gaming machine giant also active in the integrated resort industry and media content business.

As a pitch sweetener, Ader said his new debt-free firm will benefit from Universal’s experience building the multibillion-dollar Okada Manila resort in the Philippines.

While the Okada Manila doesn’t have a flying car landing pad, its pyrotechnic fountain shows and flamboyant futuristic design might indicate Ader’s intentions for New York City.
Quote:
In October, Hard Rock International chairman Jim Allen also revealed plans to submit an expression of interest for a New York casino license before the December 10 deadline. Among the several major gaming brands also reportedly interested in the three licenses are Bally’s Corporation, Caesars Entertainment, MGM Resorts International, and Wynn Resorts.

Other interested parties include Genting Group, which owns slot gaming parlors at New York-area horse-racing tracks, and Sands. The latter has, according to Bloomberg, held preliminary talks with New York Mets owner Steve Cohen about raising a casino near Citi Field.

With local legislators against a Manhattan casino, other location options for the pitching brands include Long Island and neighboring counties. A recent study by the NYGC projected that three full casinos entering the downstate region’s market could bring in additional revenue of $420m to $630m per year.

MAC123 Dec 13, 2021 7:49 PM
Quote:
Originally Posted by NYguy (Post 9435836)
Casinos are banned on Governors Island, along with residential development. BTW, I forgot to mention that Govs Island is open year ‘round now. Some of the best news of the year.
Not only open year round, but will have seasonal activities to go along with it.

MAC123 Dec 13, 2021 7:50 PM
Any casino development would put in those proposed red light districts wouldn't they? If those ever pan out, I have no idea if they will.

C. Dec 13, 2021 9:40 PM
Would love to see a casino in Manhattan. Forget the prunes inflecting their values on to others. It will be a major tourist draw and would bring in a ton of revenue for the city and State.

NYguy Dec 15, 2021 12:19 AM
^ Somewhere around Javits would be good for a Manhattan location.




https://www.bloomberg.com/news/artic...esort-in-vegas

Hard Rock to Say Goodbye to Mirage’s Volcano, Eyes NYC Casino


ByChristopher Palmeri
December 13, 2021


Quote:
Hard Rock International Chief Executive Officer Jim Allen said the faux volcano outside of the Mirage Hotel & Casino in Las Vegas will be torn down as part of a remodeling of the soon-to-be acquired resort.

Allen also said his company filed a request for information to the New York State Gaming Commission, with an eye toward building a casino in the New York City area. Other operators, including MGM Resorts International and Bally’s Corp. are expected to bid for what will likely be three new licenses.

Busy Bee Dec 15, 2021 1:24 AM
They should make a casino where the whole thing feels like an illicit underground Chinatown poker den. Matt Damon and Edward Norton could make periodical appearances.

NYguy Dec 15, 2021 7:10 PM
Lol, you never know. I don’t think the flying car thing is gonna fly but you never know.

MAC123 Dec 15, 2021 9:27 PM
Quote:
Originally Posted by Busy Bee (Post 9476646)
They should make a casino where the whole thing feels like an illicit underground Chinatown poker den. Matt Damon and Edward Norton could make periodical appearances.
That would be cool. If you Must build a casino, at least make a memorable and interesting one.

rivernorthlurker Dec 15, 2021 11:32 PM
Quote:
Originally Posted by NYguy (Post 9473737)
https://acropreneur.com/a-plan-for-a...r-landing-pad/

A plan for a $3 billion casino in New York’s Manhattan includes a massive crypto-trading floor and a flying-car landing pad









https://www.bloomberg.com/news/artic...-trading-floor

New York City Casino Pitch Includes Cryptocurrency Trading Floor
Ader’s $3 billion plan includes landing pad for flying cars


By Christopher Palmeri
December 7, 2021







https://markets.businessinsider.com/...ng-car-2021-12

https://img-s-msn-com.akamaized.net/...60&u=t&o=f&l=f





https://www.vegasslotsonline.com/new...trading-floor/

Pitch for $3bn+ New York City Casino Features Flying Car Landing Pad, Crypto Trading Floor
This is literally the Jetsons in real life.

Also flying electric cars and copters can alleviate the elevator problem in tall buildings meaning we should now be able to build comfortably over 2000 ft. :shrug:

MAC123 Dec 16, 2021 2:00 PM
Quote:
Originally Posted by rivernorthlurker (Post 9477794)
This is literally the Jetsons in real life.

Also flying electric cars and copters can alleviate the elevator problem in tall buildings meaning we should now be able to build comfortably over 2000 ft. :shrug:
Nobody, not a corporation or government even has a proven prototype yet (and you'd know if they had because they'd be screaming it from the rooftops how they were first to do it).
And that's not even commenting on the practicality of such a system.
Now that's not to say they're impossible, they aren't, but don't get your hopes up just yet.

NYguy Dec 16, 2021 11:22 PM
https://www.timesunion.com/news/arti...C-16705067.php

Major Las Vegas players are interested in NYC casinos
Rush Street, which owns Schenectady's Rivers Casino, also wants in


Rick Karlin
Dec. 15, 2021


Quote:
More than a half-dozen major players in the gaming industry, including the owners of Schenectady’s Rivers Casino, have responded to a request for information about getting one of three licenses to open a New York City casino in the next two years.

Rush Street Gaming, which operates Rivers, was joined by companies such as Wynn Resorts, Las Vegas Sands, Genting, Bally’s, and Hard Rock Café in responding to the state Gaming Commission’s Request for Information by the Dec. 10 deadline.

Responding to the request, which is not an actual bid for a license, is the first step in what could lead to a bid for a state Gaming Commission license to build one of the three casinos that could go in New York City or surrounding counties after 2023.

Most of the responses are completely redacted beyond the names and contact information. Often a company requests the state redact the information before posting it publicly.

But Rush Street was an exception, and their response amounted to a lengthy sales pitch about why they should be awarded one of the new licenses.

IT
“We are developers of destination casinos and we are proud of how we have transformed local communities,” reads part of their presentation, which talks about the contributions they have made to Schenectady and other cities where they have developed casinos including Chicago, Philadelphia and Niagara Falls, Ontario.

Genting, which is an investor in the Resorts World casino in the Catskills and a racino in Queens, was also among the respondents. Their response was blacked out, however.

NYguy Dec 18, 2021 12:29 AM
https://www.thecentersquare.com/new_...7d995.amp.html

New York receives 30 responses to downstate casino information request


Quote:
A request for information (RFI) solicitation issued by the New York State Gaming Commission for downstate casino licenses drew 30 responses, including submissions from at least eight casino operators.

The RFI, an informal process that does not include any commitments or license awards, was included in the budget state lawmakers passed in April.

….. The submissions, according to questions the Gaming Commission answered last month from interested submitters, will help inform lawmakers and officials on the ideal size of the casinos, potential for licensing fees and the evaluation process for awarding licenses.



https://www.gamblingnews.com/news/ga...no-action/?amp

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


By Erik Gibbs
December 17, 2021


Quote:
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 December 10. Genting, MGM Resorts and Rush Street Gaming also responded to the RFI.

….. Rush Street was the only company to not redact its response. According to the Times Union, the operator positioned itself as a strong candidate for a casino license due to its “transformative” work in local communities, not only in Schenectady but also in Philadelphia, Chicago and Niagara Falls.

….. The Water Club, located in Manhattan, responded to the request for details and proposed a small, exclusive casino that does not have any slot machines. There were 30 responses in total. However, most only talked about the potential of casinos and didn’t actually suggest one.

Although the Shinnecock tribe responded to the request, the response was not published. The Shinnecock Nation has been planning for years to build a casino on its territory, Southampton. This would not require a state license, but it could use that leverage to get a better location.

Vornado Realty Trust and Morris Bailey were among those who proposed or considered gambling venues in Manhattan earlier this year. It is not known if any of this group responded to the latest RFI.
Quote:
The RFI wasn’t limited to just those companies interested in owning a piece of the casino real estate market in New York. Eligible officials and community groups were also permitted to give their input.

That input included some opposition to the idea, as well. The opening of a casino near Citi Field in Flushing, home of the NY Mets, faced strong opposition. That resistance includes an effort by Queens Civic Congress, an influential coalition of 60 neighborhood organizations.

Kngkyle Dec 18, 2021 12:45 AM
It'll be interesting to watch this unfold and compare it to what is being proposed in Chicago.

MAC123 Dec 18, 2021 2:16 AM
Quote:
Originally Posted by Kngkyle (Post 9480413)
It'll be interesting to watch this unfold and compare it to what is being proposed in Chicago.
My bet is it going in an already built building, so if that's true we're not getting anything amazing architecturally from the outside at least (like the Rivers 78 proposal which is great.)

NYguy Dec 18, 2021 4:26 PM
Quote:
Originally Posted by Kngkyle (Post 9480413)
It'll be interesting to watch this unfold and compare it to what is being proposed in Chicago.
Maybe, but we keep New York threads focused on New York. There will be casinos opening across the country and elsewhere, but we’re focused on NY. We won’t be comparing anything here.

NYguy Dec 18, 2021 4:32 PM
https://nypost.com/2021/12/15/water-...ast-river/amp/


Water Club owner wants to get rolling on NYC’s East River with ‘Monte Carlo’ casino


By Carl Campanile and Josh Kosman
December 15, 2021


Quote:
Manhattan’s East River waterfront is being eyed as a location for a “Monte Carlo”-style casino that would immediately become the world’s “hottest” gambling facility, its promoter says.

The planned East River casino submitted to the state Gaming Commission is the brainchild of Water Club restaurateur Michael “Buzzy” O’Keeffe and would be located next to the floating eatery off East 30th Street.

At least nine casino operators expressed interest to vie for three downstate casino licenses, according to preliminary outlines submitted to the gaming commission.

It was not clear from O’Keeffe’s proposal who would be his partner to operate the gambling side of things.
Quote:
The casino would be 24,000 square feet and would have a modest 100-car parking lot.

He said 450 feet of “open deep water pier” could be used to build more gaming facility space or “float in a custom casino.”

O’Keeffe, who also owns the waterfront River Cafe in Brooklyn’s DUMBO, also emphasized high rollers would have accessibility to the casino from the nearby heliport and private ferry service.

River gambling is the way to go, he said.
Quote:
”New York, The World’s Capital, should have a beautiful and upscale casino (so maybe the next James Bond can play a hand of poker in New York),” he added. “One casino in Manhattan will end up as the hottest casino in the world.”

Among the other casino operators who submitted proposals are MGM Resorts and Genting. MGM owns Empire City Casino at Yonkers Raceway and Genting runs Resorts World at Aqueduct raceway.

Both operators would be interested in applying for a license to convert their slots parlors into full-fledged casinos.

Others who submitted preliminary proposals: Bally’s, Las Vegas Sands Corp., Wynn Resorts, Hard Rock International, UE Resorts which operates the Okada casino in Manila; and Rush Street Gaming, which operates a casino in upstate Schenectady.

NYguy Dec 20, 2021 12:23 AM
https://nypost.com/2021/12/19/adrien...uct-racetrack/

Speaker-elect Adrienne Adams supports casino expansion at Aqueduct Racetrack

By Carl Campanile and Josh Kosman
December 19, 2021


Quote:
The next City Council speaker wants to roll the dice.

Queens Councilwoman Adrienne Adams — who secured the votes needed to become the leader of the 51-member legislative body in 2022 — is lobbying the state to award a casino license on her home turf at Aqueduct Racetrack in South Ozone Park.
Quote:
The Post last week reported about a proposal to open a “Monte Carlo”-style casino along Manhattan’s East River waterfront near the floating Water Club on 30th Street.

“Resorts World has contributed mightily to New York’s economy, creating jobs for local residents and spurring economic development in the borough of Queens,” Adams — no relation to Mayor-elect Eric Adams — said in the letter to the gaming commission.

Adams noted that Resorts World currently employs more than 1,000 unionized employees in good paying jobs with the vast majority being “people of color” and from Queens. Nearly half the workers are women, she added.

The speaker-elect said Resorts World has been a good community neighbor, donating $2 million to local charities such as Queens Boys & Girls Club and has hosted many community events and health fairs .
Quote:
A new $400 million hotel, The Hyatt Regency JFK at Resorts World, just opened at Aqueduct.

“Resorts World has been an outstanding partner in our community and has
contributed to the economic and social fabric of our borough,” the speaker-elect representing southern Queens said.

Having Adrienne Adams as a strong ally makes it less likely that the gaming commission will award a casino license near the Mets’ Citi Field ballpark in Willets Point. Genting opposes having a competing casino just a few miles away, sources said.

Civic groups in northeast Queens also oppose having a casino at nearby Willets Point.

Meanwhile politicians in Westchester County sent letters to the gaming commission urging them to award a full casino license to the MGM Resorts’ Empire City Casino at Yonkers Raceway — including Westchester County Executive George Latimer and Mayor Mike Spano.

RobEss Dec 20, 2021 1:11 AM
Quote:
Originally Posted by C. (Post 9475357)
Would love to see a casino in Manhattan. Forget the prunes inflecting their values on to others. It will be a major tourist draw and would bring in a ton of revenue for the city and State.
Gambling is a loss for everyone but the casino owners. Only marks don't know this.

C. Dec 27, 2021 10:59 PM
Quote:
Originally Posted by RobEss (Post 9481612)
Gambling is a loss for everyone but the casino owners. Only marks don't know this.
You're free not to enter one. Maybe NYS will legalize prostitution too. Now that could be a tourist draw for the Marks and Johns. :haha:

NYguy Dec 29, 2021 5:11 AM
Most people just go into casinos for fun anyway. Most people don’t go in expecting to hit the jackpot.



https://www.qchron.com/editions/quee...60ffd0e5b.html

Casino at Willets Point a possiblity
NYS Gaming Commission sent out requests for information


by Sophie Krichevsky
Dec 23, 2021


Quote:
….. Among those who responded to the RFI are a variety of local politicians, organizations and businesses, many of whom have expressed discontent with the possibility of a casino on Willets Point.

The path to the current juncture is two-pronged: It is the culmination both of efforts to build a third casino downstate and a continuous push to build in Willets Point.
Quote:
The possibility of a casino being built in northeast Queens specifically has been seriously discussed as early as January 2021, when it was noted in a Gaming Commission study. Meanwhile, New York Mets owner Steven Cohen is said to have been in conversations with casino and resort company Las Vegas Sands about putting up a gaming center near Citi Field.

When asked for confirmation on that, a senior communications official in the Mets organization said, “No, I can’t, I don’t have any details on that right now.”
Quote:
Back in 2011, the team’s former owners, the Wilpons family and Saul Katz, also proposed building a casino just west of Citi Field, on land that is legally parkland. Since then, several projects have been proposed in the area, including a soccer stadium, numerous apartments and a shopping mall. In 2017, however, the New York State Court of Appeals ruled that the land could not be used for that kind of development. The Mets have a limited exception to the rule; since 1961, the organization has had a long-term lease of the land from Flushing Meadows Corona Park.

The land in question, then, is that to the east of Citi Field, given that it does not have the same level of protection. Currently, that land is zoned as C4-4, which does not allow for casinos.

To change that would require a Uniform Land Use Review Procedure, which would allow for public hearings on the matter; the decision itself would be left to the City Council — with input from the borough president and affected community boards. Community Board 7 would have jurisdiction.
Quote:
Such an effort would further be complicated by the fact that 1,100 affordable housing units have been slated to go up there since 2018; the city finally began environmental cleanup earlier this year in preparation.

Councilmember Francisco Moya (D-Corona) is co-chair of the Willets Point Task Force, and has been deeply involved in the effort to build affordable housing there. It’s no surprise, then, that he opposes the potential casino. “We are opposed to anything that could be built that interferes with the two plans approved by the Willets Point task force — including the historic project that will bring the deepest levels of affordability with the 1,100 units of affordable housing,” he said in a prepared statement. “I encourage my colleagues at the state level to ensure that the state doesn’t grant licenses for projects that may impact our most vulnerable families.”

State Sen. John Liu (D-Bayside) was concerned about the “potential displacement” a casino at Willets Point might cause. “[A casino is] a very big ‘if’ at this point,” he said. “It doesn’t seem like Willets Point would be a great place to put a casino.”
Quote:
Jennifer Shannon, president of the A Better College Point Civic Association, cited traffic congestion as one of several reasons the association opposes a potential casino.

“If [the Mets] have a game at Citi Field, you can’t move. You can’t get off the highway, you’re rerouted. It’s ridiculous,” she said. “You have the U.S. Open, it turns into that. So now we’re going to add a casino into that mix?”

According to Al Centola, president and founding member of We Love Whitestone Civic Association, the possibility of adding ramps off the Van Wyck Expressway has been floated. He does not think that is sufficient.

“None of the ramps that were proposed initially would be able to handle and divert the traffic,” he said.

Crawford Dec 29, 2021 3:52 PM
Quote:
Originally Posted by C. (Post 9487313)
You're free not to enter one. Maybe NYS will legalize prostitution too. Now that could be a tourist draw for the Marks and Johns. :haha:
Prostitution should be totally decriminalized, perhaps even legalized. It's legal in Germany, heavily regulated, and the amount of violence and criminality associated with the flesh trade is greatly reduced. Plus it's a major new revenue source. Like pot, might as well profit off something that's less than desirable but impossible to eradicate.

NYguy Jan 19, 2022 3:30 PM
https://therealdeal.com/2022/01/18/h...-area-casinos/

Hochul seeks to fast-track NYC-area casinos
Budget proposal advances timeline by two years


Jan. 18, 2022
By Kathryn Brenzel


Quote:
Gov. Kathy Hochul laid her cards on the table Tuesday, calling for New York City to get new casinos earlier than expected.

As part of her proposed budget, the governor called for speeding up authorization for as many as three casinos in or around the city. The state Gaming Commission was poised to issue the licenses after 2023, but Hochul wants it done this year.
Quote:
When asked by a reporter if the gambling establishments would be in the five boroughs, her budget director, Robert Mujica, said they would be Downstate, but that the plan does not specify locations.

Last year, several developers expressed interest in building a casino in the city. Vornado Realty Trust reportedly pitched one near Herald Square, while L&L Holding Company proposed one at West 47th Street and Broadway. Wynn Resorts, Bally’s, Las Vegas Sands and Hard Rock Cafe all responded to the Gaming Commission’s request for information in December, according to the Times Union.
Quote:
Those responses do not necessarily mean those companies will submit bids when the time comes. The state still has to issue a request for applications for the licenses.

But first, the legislature needs to agree to Hochul’s acceleration of the timeline. Folding it into the budget allows them to do so without voting separately on casinos, but often legislative leaders as governors to separate such measures from the annual spending plan, which would begin April 1.

C. Jan 20, 2022 7:22 PM
Quote:
Vornado Realty Trust reportedly pitched one near Herald Square
L&L Holding Company proposed one at West 47th Street and Broadway
This would be awesome! Not sure where there is space to accommodate a casino, but I like that it will be in the city and not in some distant suburb.

I'm a tad upset that New Jersey did not authorize a Northern Jersey casino a few years back. One was proposed in Jersey City at Liberty State Park (with a 95-storey hotel) and another in the Meadowlands. The idea was to build one before Manhattan. It would have been a huge tourist draw. Now that's a lost cause because no one is going to Jersey to gamble when there is a casino in the heart of Manhattan.

A lot of potential tax dollars and economic revenue for New Jersey lost for New York's benefit due to the dithering and this misguided belief that Atlantic City will make a comeback somehow. With a Manhattan casino, Atlantic City is going to fade away into the Ocean as far as gaming relevancy.

NYguy Feb 18, 2022 2:33 PM
https://pix11.com/news/local-news/ha...ty-casino/amp/

Hard Rock has 3 potential sites for a New York City casino

Associated Press


Quote:
The chairperson of the Hard Rock gambling, hospitality and entertainment company says it has three potential sites on which it could build a casino in New York City.

Jim Allen said Thursday in an interview that a Hard Rock casino in New York would cost at least $2 billion. He is not divulging the potential sites but says it will not be its planned half-billion-dollar hotel in Manhattan.

Allen says he expects the site selection process to begin in late summer or early fall.





https://www.fox5ny.com/news/hard-roc...ity-casino.amp

Hard Rock NYC casino sites explored


By WAYNE PARRY


Quote:
Hard Rock, the global gambling, hospitality and entertainment company, has three potential sites on which it could build a casino in New York City, its chairperson said Thursday.

The company, owned by Florida's Seminole tribe, will open a new $400 million to $500 million hotel in Manhattan in April, and has long operated a Hard Rock Cafe near Times Square that has been a must-see on the tourist circuit. But its plan for a new $2 billion casino in the city would dwarf those investments.

In an interview after he addressed an employee meeting at the Atlantic City casino, Hard Rock chairperson Jim Allen said the company has lined up at least three potential sites in New York for a casino, though he would not identify them. But he did say the soon-to-open 446-room Hard Rock Hotel New York would not be one of them.
Quote:
”You have to have a footprint of real estate large enough to take advantage of the size of the market," he said. "We're extremely proud of our hotel on 48th Street, but its footprint is just not large enough for gaming. As far as other locations, really we're waiting on the governor and the committee that's going to be sending out the request for proposals to see what language is in the bill as to geographic locations that would be acceptable to the state."
Quote:
The New York hotel, which is already accepting reservations, will feature a rooftop bar, a 34th-floor penthouse and live music in multiple public spaces. It also will include The Venue on Music Row, an entertainment facility that can hold 400 guests for concerts, fashion shows, after-parties and dinners.

mrnyc Feb 18, 2022 3:12 PM
^ that's going to turn out way more stucco than monaco. :yuck:

C. Mar 30, 2022 6:15 PM
The new Sin City? Gov. Kathy Hochul could FAST TRACK approval for three new casinos in NYC-area aimed at wealthy gamblers within days - including a 'Monaco-style gambling den atop Saks Fifth Avenue'

The governor and Dem leaders are expected to hammer out a deal that could see a casino for high rollers atop the famous shopping location

The deal would allow gaming licenses to be rushed through as part of the state's budget at a price tag of $1billion

Currently, only three of the state's 25 casinos are 'downstate' - one in Queens, one in Yonkers and a third on Long Island

The betting companies have spent about $300,000 a month to try and bring the casinos to Manhattan

The Hotel and Gaming Trades Council, who endorsed Hochul's re-election bid, are also lobbying hard

The union has given over $880,000 in campaign contributions to Democrats in Albany since 2020

Eric Adams' chief of staff Frank Carone recently met with Robert Goldstein, the CEO of Las Vegas Sands. Adams wants at least two of the three licenses to go to New York City

https://www.dailymail.co.uk/news/art...Manhattan.html

C. Mar 30, 2022 6:19 PM
New Jersey had a chance at capturing some of the Manhattan gaming market, but politicians wanted to keep the Atlantic City monopoly on life support. Looks like New York is being smart and will capture all that gaming revenue. I don't know who visits Atlantic City to gamble, but I'm thinking one or two casinos in Manhattan is going to cut into their market share.

New York City is the greatest city in the world and that should include being able to legally pay a game of blackjack or Texas Hold'em poker if I'm so inclined to spend my money on that entertainment. That stupid so-called casino in Queens doesn't count.

NYguy Apr 8, 2022 4:54 AM
This is why there needs to be term limits at all levels. When people stay in positions of power for too long, they start to feel like their personal feelings and opinions are the only things that matter, loyal subjects be damned.


https://www.ny1.com/nyc/all-boroughs...nhattan-casino

The longest-serving state legislator is nervous about proposed Manhattan casino


By Joseph Konig Manhattan
Apr. 05, 2022


Quote:
Manhattan Assemblyman Richard Gottfried is nervous about a proposed casino in Manhattan, a possible inclusion in the delayed state budget still being debated in Albany.

It’s Gottfried’s last budget before retiring after more than 50 years in the Assembly and he’s thinking about the “degrading influence” a casino in Times Square or elsewhere could have on the borough he’s represented since he was 23.

“I’ve felt this way as long as I can remember, is that I generally don’t like casinos and would not want to see one in Manhattan,” Gottfried told Errol Louis on “Inside City Hall” Tuesday. “I’m pretty nervous about the whole topic, but I may well have to get used to being nervous about it because Albany does not do everything exactly the way I want it to.”

“Never has,” added the longest-serving legislator in the state Assembly’s history.
Quote:
The proposed casino would recieve one of three remaining licenses set aside for downstate.

Still, Gottfried noted, casinos create jobs for the hotel and entertainment sectors, which have suffered during the pandemic. He conceded the legislature could structure the proposed casino in a way he could live with.

“If there’s going to be one in Manhattan, I would do my best to keep it as small and upscale as possible so that it does not have a degrading effect on whatever area it’s in,” Gottfried said.

MAC123 Apr 8, 2022 2:01 PM
Just put it in Times Square. No degradation lmao

Busy Bee Apr 8, 2022 3:03 PM
the Marriot Marquis has kind of a casino look...

JMKeynes Apr 8, 2022 3:32 PM
Quote:
Originally Posted by Busy Bee (Post 9592949)
the Marriot Marquis has kind of a casino look...
I don't know if their religion would preclude it, but I'd like to see a casino rise on the Qatari's site where the DISGUSTING Manhattan Hotel in Times Square currently festers. This vile piece of excrement defiles an entire block.

https://encrypted-tbn0.gstatic.com/i...QUKow&usqp=CAU

http://wirednewyork.com/images/hotel...entrance_s.jpg

Gantz Apr 22, 2022 4:06 PM
The issue with a Manhattan casino is that to have a good casino you need big floorplates, and that would be a hard site to find in Manhattan. Something in Times Sq or Herald Sq would be fairly small and crappy. Even the current Resorts World in Queens is fairly "meh", even though I hear they are making tons of money.
I am also surprised none of the official proposals are floating Coney Island, I think it would be a great spot there as well.

Busy Bee Apr 22, 2022 4:09 PM
Quote:
Originally Posted by Gantz (Post 9605412)
The issue with a Manhattan casino is that to have a good casino you need big floorplates

Says who? Just because suburban campus casinos are set up like this doesn't mean that a tighter urban casino with plenty of vertical circulation couldn't be just as successful.

MAC123 Apr 22, 2022 4:10 PM
They might be able to find the floorplates necessary in HY. Especially at 30 HY, though I don't know the occupancy of that or if they want a more specialized building for it.
Besides it's Manhattan, if they can't find the space they'll just have to deal with smaller floorplates because there's no way they're not building one here if they're allowed to.

NYguy May 3, 2022 2:24 PM
^ The HY towers are full. Then there’s the issue of tenants. None of the current (or likely potential) tenants would want the chaos of a NYC casino in their building. A hotel is another matter, and would be best for a casino.

They could have put one on the pier (behind Javits), but that’s a park now. The larger of the 2 sites the state owns in HY would be a good location, next to the Javits. But they likely want housing there.




https://www.nytimes.com/2022/05/02/n...n-nyc.amp.html

5 Things to Know About Casinos That May Be Headed for the N.Y.C. Area
Yonkers, Queens and maybe Manhattan: The sites for three new casinos have not yet been set in stone.


By Dana Rubinstein
May 2, 2022


Quote:
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 operator in another part of the state, but they are widely expected to go to the downstate region.

The state legalized casinos in 2013, but effectively agreed not to place any in the downstate region until 2023. Gov. Kathy Hochul and the State Legislature wanted to move faster and included a provision in the recently passed budget to advance the timeline.
Quote:
MGM’s electronic gambling facility in Yonkers, just north of New York City, is thought to be one of two locations with a leg up in the process, along with the Resorts World facility at the Aqueduct Racetrack in Queens. Both are already home to “racinos” — horse racetracks that have expanded to include casino-like properties, but with video lottery terminals, not table games.

Given their longstanding community and political relationships and pre-existing infrastructure, they are considered to be favorites for two of the three licenses.

There is a strong possibility that the third would be in Manhattan. While the prospect of a Manhattan casino has bewitched developers from Hudson Yards to the East River, winning permission from local politicians is still considered a heavy lift.

Other parts of the city are also in play, including neighborhoods in Queens and Brooklyn.
Quote:
MGM and Genting, which operate the two so-called racinos in the area, are hoping to upgrade their facilities in Yonkers and Queens to full-scale casinos.

The competition for the presumptive third license is a free-for-all. The matchmaking between real estate developers and casino operators eager to take part in a bid is something like speed dating — with casino operators freely consorting with several developers.

Among those who have considered participating are developers like SL Green, Related Companies, Vornado Realty Trust in Manhattan and the Citi Field owner, Steven Cohen, in Queens. Joseph J. Sitt, the chairman of Thor Equities, is also planning a bid for a site on Coney Island.
Quote:
There will also most likely be bids from Long Island.

The field of casino operators eyeing the opportunity includes Bally’s Corporation, Las Vegas Sands and Hard Rock, which just opened a hotel in Midtown.
Quote:
If the bureaucracies were a Russian nesting doll, the biggest, outermost doll would be the New York State Gaming Commission.

The commission will have a say on who gets the three new licenses and where the new casinos will be situated, but others will have a voice, too.

The first step is for the commission to fill a five-member Gaming Facility Location Board; its responsibilities include creating and managing the application process for casino developers and recommending the winners. State law requires that at least three members be in place by Oct. 6; once that occurs, the commission will have 90 days to issue requests for applications for the casino licenses.

The applications will then be reviewed by the location board, which will make a final recommendation to the Gaming Commission. The commission’s makeup would seem to give Governor Hochul some control: All seven members are appointed directly by the governor, one on the recommendation of the New York State Assembly, and another on the recommendation of the New York State Senate.
Quote:
A glut of casinos unquestionably exists in the United States, as well as a wealth of other gambling options, and that has put a damper on economic projections for many new casinos.

But New York City is different.

It is affluent, it is dense and any casino here is likely to be successful — albeit at the possible expense of nearby gambling locales, like Atlantic City.

“ You have access to a huge local population that already has been fueling a lot of gaming revenue for a couple decades now in the broader geographic region, but it’s also a huge international destination as well,” said Colin Mansfield, an analyst at Fitch Ratings.

For further evidence, look no farther than Resorts World at Aqueduct, which despite having no table games like blackjack or roulette, claims to be both “the highest-grossing slots casino in the world” and “the largest single property taxpayer in New York State.”
Quote:
In order to put a casino anywhere in New York City, a developer may have to persuade the New York City Council to rezone the land in question, according to the New York State Gaming Commission.

At present, land regulations in New York City do not allow casinos. But that may not be a blanket prohibition: The commission has yet to determine if the state-owned land at the Aqueduct, in Queens, or the land near Penn Station (which the state plans to redevelop using a process that typically overrides local land-use regulations) would require rezoning.

NYguy May 3, 2022 2:46 PM
https://gothamist.com/news/new-york-...states-big-bet

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

BY JON CAMPBELL
MAY 1, 2022


Quote:
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 have had their eye on New York City for decades, and in recent months, more than a handful of major players – including Las Vegas Sands and Hard Rock International – have expressed interest.
Quote:
But it’s still too soon to say exactly where the casinos will go, though New York City Mayor Eric Adams has made clear he’s hoping for multiple facilities.

“We would like to have two in New York City,” he said last month. “I think it would be a great boost for the economy, and we are evaluating what are the best locations."

But ultimately it's not the mayor's call – though he will have some say. And critics of casinos and the negative effects of gambling remain, particularly in Manhattan, where local resistance could help keep casinos out.
Quote:
State lawmakers made two major changes to the state’s casino-siting process.

The first requires all casino proposals to follow local zoning rules and procedures. That’s a big deal in New York City in particular, because the law makes clear that the city's lengthy land-use review process will apply.

That adds another layer of review, requires a public hearing and brings the local community board, borough president, City Planning Commission and, crucially, the City Council into the process.
Quote:
State law requires some show of community support for a particular casino proposal before it’s approved. Under the new version of the law, any casino proposal will trigger the creation of a five- or six-member committee (depending on the location) made up of people appointed by local elected officials. In the city, the mayor, borough president and three local lawmakers – the state senator, state Assembly member and City Councilmember where a casino is proposed – all will get an appointee.

A majority vote would be required to show community support early on in the approval process. Otherwise, the proposal won’t move on to the Gaming Facilities Location Board, a five-member panel appointed by the Gaming Commission that will ultimately award the casino licenses.

To some, the local boards are viewed as a “poison pill” designed to keep casinos out of Manhattan, where many local officials have already expressed opposition. But state Sen. Brad Hoylman – a Manhattan Democrat who says he’s an “ardent skeptic on casinos” – said he will participate with an open mind.

NYguy May 3, 2022 8:21 PM
Quotes from Steven Roth on Virnado’s potential casino bid…



https://www.fool.com/earnings/call-t...ings-call-tra/

Vornado Realty Trust (VNO) Q1 2022 Earnings Call Transcript


By Motley Fool Transcribing
May 3, 2022


Quote:
Steve Sakwa -- Evercore ISI -- Analyst

Thanks. Good morning. Steve, I was wondering if you could just comment a little bit more about your appetite and desire to still be part of a casino project or licensing agreement. If New York City were able to get one.

I'm just curious if you're looking to be part of the operations or you're looking to more be of a landlord. And if it's on the landlord side, how big of an integrated resort do you ultimately think the winning bid needs to be? Does it need to be hotel rooms and convention space? Or do you think it can just be a stand-alone casino kind of in the heart of Manhattan?

Steven Roth -- Chairman and Chief Executive Officer

Well, some of the -- some of the answers to your questions are at the current time unknowable. This is going to be a political process and there are going to be government officials who are going to make these decisions. With respect to the idea of a casino, we are aggressively pursuing it as we should and as we must. And I've said in the last two letters I've written that we believe that the -- there are going to be three downstate licenses.

We believe that the best place for the third license, one goes to Yonkers, one goes to Aqueduct probably, although that might be contested as well. But we believe that the third license would be best served to go into Manhattan. When you think about it, Manhattan is the center of everything. It's the center of the hotel industry, the entertainment industry, the restaurant industry, the business industry the theater industry, etc.

And one of the anomalies is while it's the economic engine of New York by far, the voting population who is of interest and the political leadership, of course, is not necessarily in Manhattan. So that's an interesting thing. We are in the process of talking to multiple people as our -- and the casino industry operators are talking to multiple landowners. We are in the process of debating whether we would be just a land [Inaudible] and that -- well, just as an understatement, being a landlord or being part of the operation or being a hybrid, which is a landlord with a kicker or whatever.

So we're in the throes of thinking about and talking about and debating the financial arrangements. With respect to whether the winning bid, so to speak, would be a small isolated casino or an entire Las Vegas-style complex with hotel rooms, entertainment, food, etc., offerings, I don't know which is the right one, OK? We believe that we can pursue both of them.

We have multiple sites that we intend to bid with. And for example, if you just take the Penn District, what's in the middle of the Penn District, Madison Square Garden.

Madison Square Garden is the biggest and most important entertainment complex and certainly in the New York area and maybe far and wide. The interesting thing about Madison Square Garden is in addition to the teams, it has 220 dates a year of concerts. So it's the center of the music industry as well. And it sits on top of -- to our land is adjacent to Madison Square Garden and sits on top of the transportation network, which is interesting.

There's been some talk about Times Square, which is also interesting, and we have sites there. So this is early days, and we are exploring -- we're working very hard exploring all of the different options. And we expect to try to -- we will probably get a resolution as to what direction we are going to go in some time well before the end of the year. We -- I think I read one transcript somewhere that somebody thinks that this process is going to be over in the first quarter of next year.

I don't think it's going to be anywhere near over, that's going to take a lot longer than that. As it should. It's a deliberate process and it's important. So we believe that Manhattan is the right venue to get the third license.

We intend to compete aggressively for it. And one last thing. We think speed to market or speed of opening is going to be a very important determinant of the economics of the bidders. So if you have to build a new complex, and that could take three, five years or if you're retrofitting a building that could take one to one and a half years, there are billions of dollars difference in that calculation.

NYguy Jul 25, 2022 4:05 AM
https://www.google.com/amp/s/nypost....ey-island/amp/

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


https://a4.pbase.com/o12/06/102706/1...A.IMG_2692.JPG


By Carl Campanile, Bernadette Hogan, Josh Kosman and Steve Cuozzo
July 24, 2022


Quote:
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 familiar with the plans.
Quote:
Real-estate giants Related Companies in Hudson Yards and Vornado and SL Green in Times Square are interested in forming partnerships with casino behemoths such as Hard Rock, Sands and Wynn for local venues, industry and government sources said.

Representatives with the developers and casinos have apprised Adams’ office, as well as Gov. Kathy Hochul and state officials, of their preliminary plans, sources said.

Officials from Related Companies have met with City Hall to discuss a proposal to build a casino over rail tracks on the far West Side.

“We’re exploring our options,” Related spokesman Jon Weinstein told The Post on Sunday.

Sources familiar with the discussions said Hudson Yards has ample space to build a casino, along with the transportation infrastructure needed to get people to and from a gaming facility. The No. 7 and Penn Station stations are nearby. The site also is close to the Javits convention center.
Quote:
Mets owner Steve Cohen and his associates — who have good relations with Adams — have spoken to City Hall about potentially building a local casino, too, sources said.

Thor Equities has discussed erecting a casino in Coney Island, as well, an insider said.

Business mogul John Catsimatidis, who developed the Ocean Drive waterfront residences along the Coney Island oceanfront, also has expressed support for opening a casino there.

“A casino would be a wonderful thing for Coney Island and Brooklyn,” Catsimatidis said Sunday. “A Coney Island casino would bring a lot of vigor to Brooklyn.”
Quote:
Hard Rock’s lobbyists also have met with City Hall Chief of Staff Frank Carone about wanting to build a casino, lobbying records show. Hard Rock executives have discussed a partnership with the Mets’ Cohen for a Willets’ Point casino.

A selling point: Willet’s Point is easily accessible using the No. 7 subway train, the Long Island Rail Road and the Grand Central Parkway and Long Island Expressway and has a large population just minutes away in Flushing, a potential gambling constituency, sources said.
Quote:
Backers would have to win approval from two-thirds of a six-member community advisory board for the area where a casino is proposed. The reps are to include appointees from the borough president, local state senator and assembly member and City Council member, as well as the governor and mayor.

Unless the proposed casino is on state-owned property, it also would have to be approved according to the city’s lengthy land-use review procedure that needs the blessing of the City Council.

The situation gives community activists and local elected officials tremendous leverage in the selection process.
Quote:
”I strongly oppose a Manhattan casino in concept,” said state Sen. Brad Hoylman, who represents the Hudson Yards and Times Square neighborhoods, to The Post on Sunday.

“I don’t know one constituent who wants a casino,” he said. “Outside forces want a casino. Insiders who live here don’t want a casino.”
Quote:
The state is expected to fetch at least $500 million for each casino license — or least $1.5 billion.

The tax rates will ultimately be determined by the competitive bidding process for the licenses, but the law says they can’t be less than 25% of slot revenue and 10% of table game revenue.

The tax rates will likely be higher. The four upstate casinos all pay between 30% and 40%.

The gaming commission will appoint members to a casino siting board by October 4. The board will then have 90 days to issue a request for bids.

NYguy Jul 25, 2022 7:56 PM
Related wanted a casino/new MSG at Hudson Yards.


https://therealdeal.com/2022/07/25/d...h-to-move-msg/

Dolan rejected Stephen Ross pitch to move MSG
Related floated Hudson Yards as home for Madison Square Garden


Jul. 25, 2022


Quote:
Madison Square Garden this spring nixed a proposal by the Related Companies to move the Midtown arena a few avenues west.

The Hudson Yards developer pitched a design for a new arena, this time built above a casino in the fast-developing Midtown West neighborhood, but MSG directors disliked the idea, Crain’s reported Monday.

The news of Related’s rejected overture adds intrigue to the drama playing out in the Penn Station area.

Gov. Kathy Hochul shut down any further talks between MSG and Hudson Yards this year in order to avoid additional complications to her Penn Station area development plan, according to Crain’s.

The governor’s megaproject, which would create 18 million square feet of commercial development and 1,800 residential units across eight sites around Penn Station, was approved by the Empire State Development board last week. The plan now goes to the Public Authorities Control Board for what is essentially a rubber stamp.

NYguy Aug 5, 2022 1:30 AM
https://archinect.com/news/article/1...en-t-buying-in

Some of NYC’s biggest high-rollers want a casino in Coney Island, but local residents aren’t buying in

Josh Niland By Josh Niland
Aug 4, '22


Quote:
If real estate developers get their way, Coney Island may soon be losing its seasonal vibe. The New York Post is reporting that several of the city's leading corporate entities, including Miami Dolphins owner Stephen Ross' Related Companies, Vornado, and S.L. Green, have expressed interest in two of the state's three new available casino licenses as part of an expansion endorsed by Governor Kathy Hochul.

Looking to Atlantic City as a model, Thor Equities owner Joe Sitt is pitching a gaming destination in his native Coney Island as a potential commercial booster. Hudson Yards, Times Square, and Queens’ Willets Point neighborhood have also been floated. In total, the projects could bring in at least $1.5 billion in license revenue for the state. The year-round operation of the casinos could engender even greater profits dependent on an agreed-upon tax rate between the state and potential developers.

Other than money, the subway system seems to be the main determining factor in the matter. Both the Manhattan and Queens sites are serviced by the 7 train, but Coney Island lacks the access to regional mass transit options offered by the others. Some residents say the local D, F, N, and Q train station isn't equipped to handle all the elderly traffic, and even more are still weary from a failed 2009 rezoning plan they feel carried many of the same short-sighted economic promises.
Quote:
This reluctance to building an entertainment venue could come into play as the bid process draws closer. According to the Post, state laws require developers to seek approval from a six-member community advisory board, which will be put together by the borough president, NYC Mayor Eric Adams, Hochul, and local politicians. RFQs could be issued within 90 days of the state gaming commission forming its special review board, which is expected by October 4th. New York State senator Brad Hoylman said interested parties shouldn't get their hopes up before then.

“I don’t know one constituent who wants a casino,” Hoylman noted. “Outside forces want a casino. Insiders who live here don’t."

NYguy Aug 9, 2022 9:35 PM
https://commercialobserver.com/2022/...n-casino-push/

The Push to Build a Casino in Manhattan Could Turn Out to be a House of Cards
'The level of support in Manhattan for a casino ranges from strongly opposed to nuclear opposition.'


BY AARON SHORT
AUGUST 9, 2022


Quote:
….. The competition to land a gaming venue is only starting to heat up. In early October, the New York State Gaming Commission will appoint a three-member panel called a Gaming Facility Location Board, which will then have 90 days to issue a request for casino license applications.

The proposals are expected to be chosen next year, but there’s a catch. To maintain their hot hand, each project must secure the equivalent of a royal flush — or four out of six votes from a Community Advisory Council (CAC) made up of appointees of the governor, the mayor, the borough president and the district’s state Assembly, state Senate, and City Council representatives. That measure, which was added to the state budget, could guarantee Manhattan projects will be dealt a bad hand if local officials band together, stakeholders said.

“I am not a fan of casinos or gambling; I’ve voted against every gambling bill I’ve seen in Albany,” said state Sen. Liz Krueger, whose Manhattan district will include Times Square and Penn Station by January and who will appoint a CAC member. “It’s not obvious to me there’s a path. Many electeds from Manhattan and many constituents also see no place for a casino in Manhattan.”

Two existing slot parlor owners have a leg up on other bids, multiple sources said. The Genting Group, which owns Resorts World Casino and Aqueduct Racetrack in Ozone Park, Queens, and opened a Hyatt Regency hotel on its site last August, wants to upgrade its “racino” to include table games with live dealers. So does VICI Properties, which acquired Empire City Casino in Yonkers from MGM last year for $17.2 billion. (MGM Resorts International is still operating the casino.)

“Everybody knows the hardest part of the process is getting local communities to support the idea of getting a casino in their community, which is why Aqueduct and Yonkers are almost guaranteed to get the license because there’ll be no local objection,” said Jeffrey Gural, chairman of GFP Real Estate and owner of the Tioga Downs Casino in upstate New York. “They have all the stuff a casino will offer and they can convert over very quickly to a casino. They don’t have to build anything.”

The third license remains up for grabs.
Quote:
The likely bidders include some of the most prominent names in real estate, and Midtown Manhattan and its surrounding area hold particular promise for several commercial developers.

Vornado Realty Trust Chairman Steven Roth has long pitched turning one of its holdings near Herald Square into an integrated resort.

Several of Vornado’s neighbors have looked into converting nearby properties they control. Morris Bailey, who owns Atlantic City’s first casino hotel, is looking into building a casino on the former McAlpin Hotel site at Broadway and 34th Street. And L&L Holding Company is contemplating a gaming facility within its 46-story Times Square tower on 47th Street that will also include the 108-year-old Palace Theatre, The New York Times reported.

Other developers are already hooking up with casino operators and putting their cards on the table. SL Green Realty and Hard Rock Cafe representatives held meetings with elected officials this year to push a plan to put a casino in 1515 Broadway, although the hospitality company now appears to be more inclined to back other projects. Hard Rock Chairman Jim Allen said the company identified three potential sites for a casino, although it would not include the Hard Rock hotel on West 48th Street that opened in May.

Then there’s Related Companies, whose representatives met with City Hall officials to chew over the company’s proposal to build a casino over rail yards on the edge of Hudson Yards on Manhattan’s far West Side. Related Chairman Stephen Ross offered to MSG Entertainment’s James Dolan to move Madison Square Garden to form a new entertainment sports complex, although Dolan rebuffed him. A Related spokesman confirmed the company was interested in a casino license and is exploring options for a bid.
Quote:
Meanwhile other developers are stepping up to plug their sites in the outer boroughs.

Both Thor Equities’s Joseph Sitt and Red Apple Group CEO John Catsimatidis have floated erecting casinos along the Coney Island waterfront. Casino operators have discussed adding a gaming facility to the Belmont Park parking lot in Nassau County. And public officials have not ruled out dropping a casino in Staten Island, perhaps near the St. George Ferry Terminal.


Finally, there’s Mets owner Steve Cohen. The hedge fund manager has been touting Citi Field’s parking lot as a potential casino site to city officials and has already met with representatives from Hard Rock and the Las Vegas Sands to find a casino partner. But Cohen has also emphasized broader plans to build hiking trails near Flushing Creek and redevelop the area around Willets Point, an industrial area filled with auto body repair shops that has long been on mayoral to-do lists.
Quote:
Developers may dream of blackjack tables and multimillion-dollar poker tournaments in Times Square, but the odds that a casino would wind up anywhere in Manhattan are slim to none, according to several stakeholders.

“ The level of support in Manhattan for a casino ranges from strongly opposed to nuclear opposition,” said one operative familiar with the licensing process. “It’s a default Manhattan carveout.”

Borough President Mark Levine, City Councilman Erik Bottcher and state Sen. Brad Hoylman are all against setting a casino in Midtown, as are Congress members Jerrold Nadler and Carolyn Maloney. So are the area’s top entertainment and civic institutions, including the Broadway League and the Times Square Alliance, never mind several business owners, officials said.

“I haven’t heard from any constituents who want a casino,” Hoylman said. “We know that poor and vulnerable New Yorkers are often targeted by casinos. They add traffic, noise and congestion, and they affect the quality of life.”

Traffic and noise in Manhattan. Who would guess?

Busy Bee Aug 31, 2022 8:23 PM
What?

Gantz Sep 1, 2022 8:07 PM
Quote:
Originally Posted by NYguy (Post 9694359)
https://archinect.com/news/article/1...en-t-buying-in

Some of NYC’s biggest high-rollers want a casino in Coney Island, but local residents aren’t buying in

Josh Niland By Josh Niland
Aug 4, '22
“I don’t know one constituent who wants a casino,” Hoylman noted. “Outside forces want a casino. Insiders who live here don’t."
As someone who lives nearby, I wouldn't mind a casino at Coney Island. This is probably the right area to put it in anyway. There is also plenty of space and development parcels to build fairly big if needed. There are also plenty of local businesses that can use a boost, as right now they are mostly relying on seasonal traffic. Unlike other proposed areas, the Coney Island terminal is a huge station, and will have no problem accommodating any extra people traffic. If needed, they can also run the G express all the way to Coney Island if they need to, like they do right now during peak summer months.


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