CASINO LICENSES IN NEW YORK

[toothman]

This article gives a pretty decent summary of who the potential players are....

https://gothamist.com/news/coney-island-citi-field-hudson-yards-who-wins-a-casino-license-in-25?utm_source=sfmc&utm_medium=nypr-email&utm_campaign=Newsletter+-+Early+Addition+-+20250101&utm_term=will+be+granted+a+license+in+the+metropolitan+area+by+the+end+of+the+yea&utm_id=408757&sfmc_id=111215987&utm_content=202511&nypr_member=Unknown

[gh2009]

Not only are the licenses expensive, but they're taxing them at a rate of 51% which might make you think twice before bidding on one.

[The Exporter]

They did the same with upstate casinos, only to renegotiate down as low as 35%, I believe. Yonkers looks far from a sure thing, for a full gaming license.

[Yonkers1A]

What will this do to the Casino in Monticello, my guess is it will lose most of the NYC busses that come up every day. I predict Monticello will close 1 year after the NYC Casinos open

[toothman]

They did the same with upstate casinos, only to renegotiate down as low as 35%, I believe. Yonkers looks far from a sure thing, for a full gaming license.

Developments in Vegas are hurting both Resorts World and MGM.
Sands has put a lot of work into a comprehensive proposal at the Nassau Coliseum site.
And Steve Cohen is on a roll....

https://www.playny.com/sibella-las-vegas-conviction-impact-downstate-casinos/.

[kantseeback]

My opinion,
The odds are heavily against Coney Island because Aqueduct is very close by and stocked with NYS VLT's and is planned to expand to a total gambling complex including a big hotel when Belmont opens this year for year-round TB racing after a multiyear high-priced renovation. There are megabucks already involved in both the plans for the Aqueduct expansion and the almost complete Belmont renovation. The state of NY picks up a nice chunk of change from those VLT's.

I think the Hudson yards area has lots of traffic and to add to that would turn the local roads into parking lots. Another turnoff to potential gamblers would be the tolls which soon will include a congestion pricing toll for any vehicle entering NYC below 60th street.

Citi field is the only logical choice. Right off the Grand central parkway which is rarely clogged.

[SeattleSlew]

This article gives a pretty decent summary of who the potential players are....

https://gothamist.com/news/coney-island-citi-field-hudson-yards-who-wins-a-casino-license-in-25?utm_source=sfmc&utm_medium=nypr-email&utm_campaign=Newsletter+-+Early+Addition+-+20250101&utm_term=will+be+granted+a+license+in+the+metropolitan+area+by+the+end+of+the+yea&utm_id=408757&sfmc_id=111215987&utm_content=202511&nypr_member=Unknown

Oooops...one proposal where they may have to change the participants, unless they will be including a special fund for wayward underage females??

"Caesars Entertainment and SL Green Realty, the city’s biggest office landlord, have teamed up with Jay-Z’s Roc Nation to propose a project at 1515 Broadway, Caesars Palace Times Square. According to its backers, the Coalition for a Better Times Square, the project would generate more than $100 million in annual Broadway ticket sales and 10 million meals eaten at local restaurants."

In school I had a teacher who came in one day laughing like crazy and he noted that they had just named a local school after a former Head of the Board of Education.. and explained why he felt that naming something after a LIVING person was dangerous (since they could go on to either do something, or have something revealed about prior behavior).  Jay-Z with Caesars Entertainment and SL Green   Hmmmmm