Long Island Casino Bid Could Preserve Existing Area

Las Vegas Sands informed of a Southern New York casino bid a few weeks ago, but reports say the offer could preserve some of its existing facilities. The company’s bid is to host a full-fledged commercial casino at the Naso Coliseum Arena on Long Island in Uniondale. And this project will keep the Coliseum in the middle of the proposed entertainment area. 릴게임사이트

In early 2023, the state gaming facility location board officially began the applicant request process, allowing candidates to submit bids for a full-scale commercial casino in New York. Approved applicants must be willing to invest approximately the same amount in the region, as well as pay US$500 million in licensing fees.

In January 2023, Las Vegas Sands announced plans to bring a flagship multi-billion dollar hospitality, entertainment and casino project to the Nasau Coliseum on Long Island. The company and its current facility owner, Nasau Live Center LLC, could value the Colosseum as a potential concert venue, and would not be willing to demolish it at the time.

The Las Vegas company also reported that it has already entered into an agreement to purchase long-term leases in the area, home to the Nassau Veterans Memorial Coliseum. The deal, which still requires approval, would give the company control over up to 80 acres of the entire land, it shared. And I believe it can be the central entertainment and hospitality venue on Long Island.

RXR Realty is also included in the bid, and the corporation will work with the community to jointly formulate development plans and proceed with the bid to ensure that the new integrated entertainment resort provides maximum economic opportunities. In addition, we are considering building stronger communities in the region and protecting the quality of life for all local residents.

Scott Rickler, CEO of RXR Realty, said Long Islanders demand world-famous entertainment destinations that create well-paid jobs and new opportunities at the Nassau Hub. But he noted the difficulty of turning ideas into reality due to the commercial viability of the site, which is burdened by an almost obsolete 50-year-old stadium.

However, to realize the plan, Las Vegas Sands will need to get approval for one of the three licenses, but the competition is quite strong. Thor Equity is also one of the interested parties and, as the company has previously shared, hopes to bring casino property to Coney Island. A potential problem for the company is getting community support for this project, which is currently lacking.

The Soloviev group is also eyeing casinos in New York City. The company’s plan is to set up a casino in Manhattan next to the U.N. building. Earlier this month, the company also reported that it had selected land-based operator Mohegan Gaming as its casino partner for the project. Both sides share similar values, making them very suitable for bidding