Casino and resort company Las Vegas Sands, which has actively manipulated the construction of casinos on Long Island in recent years, said Wednesday that its campaign is revoking its campaign, citing potential threats to its profit margins through online gambling.
In recent years, casino companies and real estate developers have granted three casino licenses in and around New York City. Las Vegas Beach, one of the world's largest casino companies, has been a major contender for opening a casino at the Nassau Stadium, a large arena outside New York City.
It decided to abandon this bid decision – a focus on “the impact of iGaming on the potential legalization of overall market opportunities and project returns”, a significant development in Cutthroat competition that brings a comprehensive casino to New York.
Other developers pursuing bids are Steve Cohen, the owner of the New York Mets, who wants to open a casino in Citi Field in Queens and a casino with Hard Rock Entertainment. Hudson Code developers are associated with the company that proposed a casino in the far west side of Manhattan and through the Wynn Resort. SL Green Realty Corporation, hoping to open a casino in Times Square with Caesars Entertainment; and Bally's Corporation attempted to open a company at a location in the Bronx that once had Trump Golf Links in Ferry Point.
Sands said in a statement that he still believes the Nassau Stadium will be the best place for the new casino. It said it will seek to transfer its right to bid for licenses on the site to another company and will use the money it may spend on the project to buy shares in Las Vegas Beach and subsidiary Sands China.
The proposal to open a casino in Nassau County has been boycotted by community groups and Hofstra University, which said it believes the casino is too close to campus.
Allison O'Brien Silva, a spokeswoman for the claims of the Casino Civic Association, which ran for a proposal to place a casino in the county, said the organization was “happy that Las Vegas Sands went out” but “worried about the door in search of new casino partners opening up.”
“Our group efforts show that putting down large casinos in the middle of our suburban community will be a completely destructive option,” she said. “It’s always a bad idea, and whether the county works with Las Vegas Beach or another company looking to get wealth from our community, it will continue to be a bad idea.”
But others, including Nassau County executives, Republican Bruce Blakeman advocated the idea. On Wednesday, Mr. Blackman's spokesman Chris Boyle said the county was optimistic that the new developers would step in and “commit to development of gym locations with or without casinos.”
“The gaming organization has had a confidential discussion with Nassau County, who replaced Las Vegas Beach during the licensing application process,” Mr. Boyle said in a statement. “Nassau County will crystallize over the next 30 days, whether it is entertainment casino components or not or not having to develop the site without a location.”
“In both cases, there will be an exciting new development that will create jobs and positive economic activity,” he added.
Las Vegas Beach is seen as one of the more powerful competitors in the game, bringing the casino to the New York area.
It actively seeks public support for its $6 billion bid by bringing allowances to Nassau County, including sports clinics, which include star athletes like footballer David Beckham. It also promises to pay millions of dollars to the towns of Hampstead and Nassau County.
The state’s process of choosing a casino website is a slow and complex casino and a series of public hearings are required before any permit is issued. The state’s five-player gaming facilities committee oversees the process and will make recommendations to the state gaming committee, which will make a final decision.
