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New York State has launched an open-ended, high-stakes game for deep-pocketed developers: A bidding process that could deliver up to three prized casino licenses in the New York City area.
The process, run by the New York Gaming Facility Location Board, is expected to allow the state to fill all seven commercial casino licenses authorized through a 2013 amendment to the state Constitution. Four casinos have already been approved upstate.
New York is looking to cash in, charging at least $500 million for each license, and requiring a minimum $500 million capital investment.
(Shutterstock)
In January, the Gaming Facility Location Board said in a statement that it would not “impose artificial deadlines” in its request for casino bid applications.
Because two licenses are expected to go to existing so-called racinos with horse racing and digital betting, the competition for the final city license figures to be fierce.
[ New York casino bidders face formidable community pushback ]
A number of casino blueprints have already drawn attention. Here are some of them.
A proposal from Caesars and SL Green Realty to put a casino in a Times Square skyscraper has been one of the most buzzed about — and criticized — bids in the sweepstakes.
SL Green has argued its designs to put a casino at 1515 Broadway would generate 1,300 hotel jobs and drive tens of millions of dollars into Broadway box offices.
But the Broadway League, a trade group, has balked at the blueprint, calling it a “reckless experiment and a losing bet in the long-term.”
If Mohegan has its way, a long-vacant plot near the UN building would transform into a casino housed beneath a leafy park.
Mohegan has partnered with the Soloviev Building Company on the waterfront bid. Soloviev has said it aims to address Midtown’s housing and greenspace needs. But it is unclear if elected officials will get onboard.
Assemblyman Harvey Epstein, whose district includes the site, said the plot is a “terrible location” for a casino and that he is “skeptical at best.”
Saks Fifth Avenue has pitched a high-end casino located on the three top floors of its upscale department store at 611 Fifth Ave. in the heart of Midtown.
Related Companies and Wynn Resorts are working on a bid to build a casino at the gleaming Hudson Yards. The casino would be located next to the Javits Center.
In a September statement, Jeff Blau, chief executive of Related Companies, said the spot is “the ideal site for a resort that will reinvigorate our tourism economy and provide billions in tax revenues.”
The company has not yet fleshed out its design.
The Coney (Thor Equities)
Once a gambling mecca, Coney Island could return to its roots with a casino by the boardwalk.
Thor Equities has joined with Saratoga Casino Holdings, the Chickasaw Nation and Legends to push for a hotel and casino at Coney Island.
Brooklyn Borough President Antonio Reynoso has held out in taking a position on the bid and said that he would want the plan to address housing and job needs in Coney Island.
Some in the Coney Island community have demonstrated against the proposal.
Nassau Veterans Memorial Coliseum in Uniondale, N.Y. (Kathy Willens/AP)
Las Vegas Sands has set its sights on building a resort and casino at the site of the Nassau Veterans Memorial Coliseum, the former home of the New York Islanders. The plot sits about seven miles from the eastern edge of Queens.
Sands has said its resort would include restaurants, ballrooms and a live performance venue.
Nassau County officials have approved a deal to transfer the lease for the site to Sands. The bid has faced local pushback, including a lawsuit from nearby Hofstra University, Long Island’s largest private university.
Vornado Realty Trust, the dominant property owner in the area around Penn Station, has said it is exploring a plan to put a casino at the site of the Hotel Pennsylvania.
The mammoth century-old hotel across the street from Penn Station is currently undergoing demolition, to the disappointment of preservationists.
“We are studying the possibility of applying for a casino license, but we have no deal in place,” Vornado said in a statement.
Silverstein Properties is said to be working on a Manhattan proposal, according to three officials. The firm has declined to comment.
Bally’s, a Rhode Island-based casino chain, has said it is exploring a plan to build a Bronx casino on a 17-acre plot that is now part of the struggling Trump Golf Links at Ferry Point.
Bally’s said it signed a lease agreement in December with the Trump Organization to transfer city-owned land for the potential casino project.
In a statement, Bally’s said it had begun an “ongoing series of conversations with local elected officials, community groups and key civic leaders,” soliciting input on the bid.
Citifield (Shutterstock/Shutterstock)
The New York Mets owner, Steve Cohen, has tucked a casino plan into his efforts to develop the area around the Queens ballpark.
Cohen’s casino team has carried out community listening sessions, commissioned polling and captured the support of the Queens borough president, Donovan Richards. But the bid has also drawn demonstrations from critics.
The local assemblyman, Jeffrion Aubry, introduced legislation in March that would allow the city to greenlight the development by terminating a parkland designation.
But the local state senator, Jessica Ramos, said she would not introduce the bill in the Senate during this year’s legislative session.
Copyright © 2023, New York Daily News

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