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Wynn Resorts, Bally’s among those responding to casino inquiries

Bally CEO Lee Fenton & Wynn Resorts CEO Matt Maddox (wynnlasvegas.com, Investors.ballys.com, iStock, Illustrated by Kevin Cifuentes for The Real Deal)

Major companies from Las Vegas aim to bet on the future of New York City casinos.

The Times Union reports that Wynn Resorts, Bally’s, Las Vegas Sands and Hard Rock Cafe are among those that will respond to a request for information from the state Gaming Commission by the December 10 deadline. Other respondents included Genting and Rush Street Gaming, the company that operates Rivers Casino in Schenectady.

According to the Times Union, the responses do not mean they will bid to build a casino, but it is often the first step in that process. The Gaming Commission is poised to authorize the construction of three casinos in or around New York City after 2023.

Rush Street is one of the few companies that hasn’t responded. According to the Times Union, the operator sees itself as a strong choice to apply for a casino license because of how it has “transformed the local community,” not only in Schenectady, but also in Philadelphia, Chicago and Niagara. Falls, north of the border.

However, the state does not see New York City as in need of transformation, unlike emerging areas where local economies have lost their way since their manufacturing sectors have hollowed out. The city and the areas immediately surrounding it, such as Nassau County and its northern suburbs, are considered a goldmine for casino operators. The state will likely select applicants deemed to generate the most tax revenue.

The Water Club, based in Manhattan, also responded to requests for information, recommending a small, exclusive casino with no slot machines. In total, there were 30 responses, although some just commented on the potential of the casinos, rather than actually suggesting one.

The Shinnecock Tribe was among those who responded to the request, although the response was blacked out. Shinnecock Country have been conspiring on and off for years to develop a casino on its territory in Southampton, which won’t require a license from the state, but it could use that as leverage to win the right to put the casino in a more lucrative location.

Earlier this year, Vornado Realty Trust, Morris Bailey and L&L Holding Company were among them recommend or review gambling venues in Manhattan. It is not clear if there was any response to the latest request for information.

[Times Union] – Holden Walter-Warner

https://therealdeal.com/2021/12/16/wynn-resorts-ballys-other-casino-giants-eye-nyc/ Wynn Resorts, Bally’s among those responding to casino inquiries

Dais Johnston

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