Who will be first to get a NYC casino license?
BonusFinder.com, a casino bonus comparison site, dives into who the potential prospects are to get one of the elusive NYC casino licenses.
With the NYC casino bid proposals in full swing, Hyatt Hotels Corp have recently announced a partnership with gaming partners Rush Street Gaming and Greenwood Gaming and Entertainment, along with Real Estate firm Silverstein Properties ahead of the proposed Avenir Casino Project in New York City.
Should a casino license be awarded, the project would see around 1,000 hotel rooms and suites, as well as a casino, a 1,000-seat performance venue and several affordable apartments in one mixed-use casino complex.
“We are very pleased to be working with Hyatt on this exciting development and tap into World of Hyatt’s 56 million members to help drive new business to Manhattan’s Far West Side,” said President of Silverstein Properties, Tal Kerret.
“We’ve assembled an extraordinary team of food and beverage partners, and now a leading hotel brand that will help support and add to New York’s vital tourism and convention industries.”
Furthermore, The Avenir has also secured the support of the Hotel and Gaming Trades Council, which will certainly be a major asset in their bid in receiving one of the sought-after New York City casino licenses.
It wont be that easy, however, as there are several other bids for the three downstate permits ahead of the deadline on June 27.
Who are the top New York City casino contenders?
While The Avenir will be hoping that their bid can help secure them a license, the rest of the contenders have also submitted some attractive proposals.
Caesars Palace
Starting off with Caesars Palace Times Square bid. This is a proposed $4bn redevelopment at 1515 Broadway and has pledged support to Callen‑Lorde, assuring $5m will be spent.
This bid has faced some opposition, notably from Hell’s Kitchen groups and Community Board 5, which could prove problematic in the long run.
Metropolitan Park
Elsewhere, Metropolitan Park in Queens is another competitor for one of the three licenses on offer. This combined bid from Steve Cohen and Hard Rock is set to feature a massive $8bn complex situated next to Citi Field.
In a further boost, this bid has Secured City Council and State Senate zoning approvals, with just the development license to follow, which they hope will be awarded by the end of the calendar year.
Mohegan
The Soloviev Group & Mohegan is another casino bid which will be based in Manhattan. The $11bn bid will feature a casino measuring over 300,00 square feet, two hotels and over 1,000 residences.
This ambitious bid is among one of the biggest being made ahead of the deadline, although it does face political and community opposition.
Pull outs
These are the major bids challenging for a license, yet there were others which had to pull out for various reasons.
Indeed, Wynn Resorts & Related Companies had to drop their bid due to strong community resistance last month.
Additionally, Las Vegas Sands were forced to pull out of their Nassau Coliseum bid ahead of the deadline.
Resorts World would have also been a potential prospect but they Resorts World Bet ceased online operations in New York due to high taxes, so likely won’t be looking to re-enter with a different vertical if the taxes are still high.
The Avenir Casino project looks set to be one of the biggest proposals, but will this be enough to land a downstate license by the end of 2025?
