It’s just not a terribly convenient location.
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They should just build bigger version of this even if they dont get the casino (which i dont think they have a chance at tbh)
i think everyone is kidding themselves if they believe related and the west side yards are not getting the casino license.
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That’s pretty much the general consensus that it’s getting one of them
Why not Times Sq?
Because it’s already too crowded.
Times Square is the perfect place for a casino in terms of the “character” of the neighborhood.
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If there’s anywhere in Manhattan that’s not inappropriate for a casino, it’s Times Square.
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„ Casino Proposals
Hershman went on to say that he would do nothing further with the site until he learned the outcome of the licensing proposal, suggesting that if the group’s proposal is rejected, Soloviev Group would revert to original plans to build apartments and commercial space on the site.
Soloviev is partnering with Bjarke Ingels Group and Mohegan to launch their casino bid. The proposed development will span three blocks south of the UN building. The site was a power plant that was decommissioned and graded in 2007. Since then, it has remained largely unused, apart from the recent installation.
The team has said they plan to build a gaming facility and that the site will include a host of other venues and businesses, housed below a 4.77 acre park. There will be two residential towers with more than 1,300 apartments, two hotels, and conference center, and a Museum of Freedom and Democracy.“
The City should start fining developers who hoard some of the most valuable land in the world with no viable plans to develop it. This site is obviously not getting one of the three casino licenses (likely going to Resorts World, Wynn, and Empire City I’d assume).
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There’s no reason why either Resorts World or Empire City would get those licenses
I could imagine a casino being built here. Ballyˋs in the Bronx has now also published its proposal. It could be interesting to see who gets the three licenses in the summer.
It makes the most sense for those two to get first dibs on the licenses. Not only are they already established, have existing infrastructure and community support, they also have a huge economic impact and are drivers for the regions they are in. To give three other casinos a full gaming licenses would almost guarantee job loses and revenue.
No it wouldn’t. The main thing they’re looking for when granting these licenses is economic output (by a wide margin, the other factors may as well not even matter).
If you put a casino in Times Square it’ll make more money than both of those, not to mention the various other Manhattan proposals all of which will make more money, which is exactly what they’re looking for
Yeah they could make more money but Empire City Casino and Resorts World are strong candidates. They both have the ability to open full gaming almost instantly compared to the other casinos that might take years to open even after receiving the licenses. Adding live table and sports betting would more than double their revenue. Their existing operations are already profitable.
The two casinos already have substantial local and political support, which is something we can’t say for most of the other casinos. Empire City in Yonkers and Resorts World in Queens have established themselves as community anchors, contributing to local economies through employment and tax revenues. A loss for the casino is practically a loss for the location/region.
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Basically most of their justifications is that they are proven to make a profit and stand by their promise to expand. They are the safest answer. It does suck that we can’t give out five or more licenses but it doesn’t make sense to exclude the casinos that have been in operation. The market saturation would just hurt the casinos and their communities. It would also be an unfair advantage that three other casinos have a full gaming licenses while restricting the other two casinos to racino status.
„ The working timeline
All project proposals must be officially submitted by June 27, according to the Gaming Commission. Initially, each bid will go to a community advisory committee composed of members appointed by Gov. Kathy Hochul, as well as to state legislators and certain local officials. In the case of New York City-based proposals, those include Mayor Eric Adams and city councilmembers for the area.
Each community advisory committee requires a two-thirds supermajority to advance a proposal and must do so by Sept. 30. From there, the remaining proposals head to the Gaming Facility Location Board, headed by Vicki L. Been, the Judge Edward Weinfeld professor of law at NYU’s School of Law.
By Dec. 1, that board will in turn recommend up to three applicants for licenses by the state’s Gaming Commission, which has until the end of the year to issue final approvals.
Those funds could significantly add up. In the case of mobile sports wagering, Williams said the 51% tax rate implemented in 2022 has since generated approximately $2.5 billion in taxes.“
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His comments seem to favor the Hudson Yards proposal the most.
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