NEW YORK | Casino Development| FT| FLOORS

[NYguy]

Originally Posted by Gantz

It wouldn't be good, because to have a good casino you need space for big floor plates. There is simply not enough space in TS for a good casino. Anything there would be too small and dingy with an awkward layout. That is why all those other sites are being proposed, they have enough land area to host a proper casino. It would also make money, but most likely generate less revenue due to lack of amenities, a waste of a casino license. TS already generates enough foot traffic without a casino.

The floors would be large enough. You don't need extremely large floor plates, you just need to have the space for the games. This location would generate the most money out of all the potential locations.

As far as the amenities, that this big concept for this casino. Because unlike other casino proposals that need to create the various amenities needed for a successful casino, this proposal doesn't need it. It's in the center of Times Square, with it's many hotels, restaurants, Broadway shows, etc. There will be a hotel, but not with the amount of rooms of other proposals, again causing spillover to neighboring hotels. That's good news, especially for Extell's Barnett who is building a massive hotel/thrill ride just down the block.

That's part of the spin for this particular proposal - it's not taking away from what already exist, but enhancing it. It will actually increase business in the area. It's one of the things the state is looking for in a bid.

[NYguy]

A little more clarity on the prospect of space geared to casino gaming in these proposals:

The Coney Island casino is proposing about 400,000 sf of gaming space (with about 450,000 sf of parking). The Sands in Nassau county is proposing about 400,000 sf of gaming space (with 4 msf of parking). The Hudson Yards casino would be about 250,000 sf of gaming, and the Times Square casino would also be about 250,000 sf of gaming. The Resorts World casino at Aqueduct would expand up to about 350,000 sf of gaming (up from between 200-250,000 sf).


For comparison of gaming spaces for scale, the largest in Nevada as ranked:

https://www.playusa.com/largest-las-...alley-casinos/

(While Las Vegas is known for its casinos, gaming hasn’t been the number one revenue generator for over two decades.
Last year, 73.4% of Vegas Strip casino revenue was from non-gaming parts of the properties. Gaming only contributed 26.6% of the revenue to these casinos.)

-Silver Legacy Resort Casino in Reno is the largest in Nevada : 225,615 square feet of gaming space

- Wynn has the largest Vegas Strip casino floor : Between the Encore and Wynn hotel towers the property has a total of 191,424 square feet of gaming space

-MGM Grand: 156,524 square feet

-Bellagio: 156,000 square feet

-Aria: 152,550 square feet

-Mandalay Bay: 152,000 square feet



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Some Atlantic City casinos in no particular order...

https://www.atlanticcityvacationrent...c-city-casinos

- Caesars Atlantic City: This iconic casino resort features over 100,000 square feet of gaming space

-Harrah's Resort Atlantic City: This casino resort features over 150,000 square feet of gaming space

-Hard Rock Hotel & Casino: opened in 2018 and features over 130,000 square feet of gaming space

-Borgata Hotel Casino & Spa: This casino resort features over 200,000 square feet of gaming space

-Ocean Casino Resort: Atlantic City's newest casino : over 100,000 square feet of gaming space

-Tropicana Atlantic City: This casino resort features over 100,000 square feet of gaming space

-Bally's Casino: features over 160,000 square feet of gaming space

-Golden Nugget Atlantic City: This casino resort features over 74,000 square feet of gaming space

-Resorts Casino Hotel: This casino resort features over 100,000 square feet of gaming space







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The largest casinos in the US are in neither of the 2 places long known for casinos in the country.

https://www.gambling.com/us/news/lar...the-us-2237800


1 WinStar World Casino & Resort Thackerville, Okla. 400,000

2 Mohegan Sun Uncasville, Conn. 364,000

3 Foxwoods Resort Casino Mashantucket, Conn. 340,000

4 Thunder Valley Casino Resort Lincoln, Calif. 250,000

5 Seminole Hard Rock Hotel & Casino Tampa, Fla. 245,000

6 Riverwind Casino Norman, Okla. 287,000

7 Yaamava' Resort & Casino at San Manuel Highland, Calif. 222,000

8 Choctaw Casino Resort Durant, Okla. 218,000

9 Soaring Eagle Casino & Resort Mt. Pleasant, Mich. 210,000

10 Encore Boston Harbor Everett, Mass. 210,000



WinStar World Casino & Resort, Thackerville, Okla.
It's the world's biggest casino with an unrivaled gaming space.



Chickasaw Nation, which owns WinStar, is part of the Coney Island bid.


https://www.localcontent.com/saratog...ainment-venue/

Saratoga Casino Holdings, The Chickasaw Nation & Legends Join Thor Equities’ Bid for Coney Island Casino, Hotel & Entertainment Venue

By Tenicka Chaney
May 1, 2024

Saratoga Casino Holdings has a proven track record and runs the most successful racino in Upstate New York. A New York, family owned-and-run casino and hotel operator, Saratoga Casino Holdings has expanded its operations to Colorado and Mississippi following its opening the first non-tribal racino in 2004.

Saratoga Casino Holdings operates 175,000 square feet of casino gaming space with more than 2,100 slot machines, table games, a poker room and two sportsbooks – plus several entertainment venues, restaurants, nightclubs, and bars.

Despite its enviable successes, Saratoga Casino Holdings has made it a point to give back at home, investing in New York’s future with more than $1.2 billion in contributions to the New York State Education Fund – approximately 48 percent of its gaming revenue.

Global Gaming Solutions is a business entity of The Chickasaw Nation. Collectively, GGS, and The Chickasaw Nation operate more than 25,000 Electronic Games, 2,000+ hotel rooms, 30+ restaurants and dozens of retail outlets. The business portfolio includes the largest casino in the world, WinStar World Casino and Resort which hosts 9 million guests annually. The Chickasaw Nation also employs nearly 13,500 people.

“We currently enjoy an excellent strategic partnership with Legends at our flagship property WinStar World Casino and Resort. Our investment and involvement in this project reflects a desire to expand that relationship and extend it to additional strategic partners in Thor and Saratoga,” Global Gaming Board Chairman Bill Lance said.

“We look forward to a successful collaboration based on our combined strengths and perhaps most importantly – our shared commitment to develop a top-tier entertainment venue that promises to respect the history of the neighborhood and breathe new life into this iconic New York City landmark. We look forward to taking our partnership with Legends – a known and trusted entity in New York – to even greater heights.”

Legends, the venture’s entertainment partner, brings three decades of experience delivering in the New York, national, and global markets – ranging from stadiums to concert venues to conventions. Originally founded as a joint venture with the New York Yankees and the Dallas Cowboys, Legends understands the importance of Coney Island’s success to our city and state. The organization brings with it not only its unsurpassed record but a commitment to union employment opportunities in Coney Island and for the greater Coney Island Community.

“Legends is proud to work with Thor Equities and our gaming partners Saratoga Casino and The Chickasaw Nation to provide our operational and experiential expertise to bring the preeminent resort casino in New York to Coney Island,” said Bill Rhoda, President, Legends Global Planning. “This incredible resort will be a world class entertainment destination, with gaming, a variety of restaurants and entertainment for locals and tourists year-round.”

[NYguy]

1515 Broadway


JULY 4, 2024