NEW YORK | Casino Development| FT| FLOORS

[NYguy]

Originally Posted by Busy Bee

Disagree.

Willetts Pt is better positioned to be a sports and recreation destination with baseball, tennis and soon to be "soccer" all within a short stroll. It doesn't seem to me a natural space at all to stick a mood lighted refrigerated box filled with gambling addicted wretches. My hopes for the future of Willetts/Flushing is that it further plays up this theme with water recreation and even an indoor ski slope like the likely doomed American Dream in Jersey. It could also connect many of these elements with long promenades with retail and maybe other quasi-Coney Island attractions. My .02.

Willets is well on its way to being developed ad a residential neighborhood. Check the thread for that one to see the latest developments there.

[NYguy]

Related’s press release……



https://www.related.com/press-releas...ce-partnership

Related Companies and Wynn Resorts Announce Partnership

September 15, 2022

Related Companies and Wynn Resorts today announced a partnership to pursue a downstate casino license on the Western Yards at Hudson Yards.

The plan for a resort, entertainment and gaming destination along the Hudson River will deliver thousands of permanent and construction jobs and billions in direct and indirect tax revenue to the state and city. The New York State budget passed earlier this year provided for three downstate gaming licenses.

The Western Yards is ideally located directly next to Javits Center – which has recently completed a $1.5 Billion expansion and is one of the busiest convention centers in the United States hosting the world's leading conventions, trade shows and special events. Together with the Javits Center, a world-class resort on the Western Yards would create the country's pre-eminent convention and entertainment district.

Located along the High Line's northernmost portion, Hudson Yards is walking distance to all of the region's major public transportation including the 7-Train line, Penn Station (accessible to the LIRR, A/C/E, 1/2/3 Train lines), Moynihan Train Hall, and the Hudson River Ferry.

"As New York City emerges from the pandemic, the Western Yards provides the ideal site for a resort that will reinvigorate our tourism economy and provide billions in tax revenues for the city and state," said Jeff T. Blau, CEO of Related Companies. "Combining Related's unparalleled ability to execute complex mixed-use developments with the best-in-class resort and gaming operator is the perfect pair and we're excited to pursue this together."

"Wynn Resorts has a long history of utilizing a compact, upscale casino floor to support the creation of spectacular resort experiences that appeal to an array of guests – travelers and locals alike," said Craig Billings, CEO of Wynn Resorts. "We look forward to engaging with the community, learning and understanding what we can do to help New York City to continue to thrive."

Developed by Related Companies and Oxford Properties Group, Hudson Yards is the center of New York City's rapidly evolving West Side and home to diverse shops and culinary experiences, offices for leaders in industry, public art, acres of open gardens and groves, and dynamic hub to New Yorkers, tourists and visitors to the Javits Center.

[TonyNYC]

A casino in the western portion of the Hudson Yards makes all the sense in the world and would be extremely popular with tourist and New Yorkers alike.

The Hudson Yards. is a destination and tourist flock there for the Edge, the Highline, the Vessel, Fine dining, the Javits Center.. adding a casino to that mix.. Unbeatable!

Manhattan is where people want to be.. not Coney Island.. not Willet's Point, Aqueduct, Yonkers Raceway.. easy access, fantastic location in the heart of the Hudson Yards!

It would be a World Series winning walk off GRAND SLAM! Lets go Yankees!!

[Sky88]

Originally Posted by TonyNYC

A casino in the western portion of the Hudson Yards makes all the sense in the world and would be extremely popular with tourist and New Yorkers alike.

The Hudson Yards. is a destination and tourist flock there for the Edge, the Highline, the Vessel, Fine dining, the Javits Center.. adding a casino to that mix.. Unbeatable!

Manhattan is where people want to be.. not Coney Island.. not Willet's Point, Aqueduct, Yonkers Raceway.. easy access, fantastic location in the heart of the Hudson Yards!

It would be a World Series winning walk off GRAND SLAM! Lets go Yankees!!

I agree with you. I think Hudson Yards is the best place to build a casino. This adds up to the financial power of the recent agreement between Related Companies and Wynn Resorts. Nowhere else in Coney Island, Willet's Point, Aqueduct or Yonkers Raceway do you have this power of money.

[NYguy]

https://www.silive.com/news/2022/09/...outputType=amp

Is a Staten Island casino in our future? BP Fossella proposes NY Wheel site





Sep. 26, 2022

Borough President Vito Fossella wants the New York State Gaming Commission (NYSGC) and interested developers to “roll the dice” and consider building a casino on Staten Island.

Fossella held a press conference on Monday to propose Staten Island be among locations in consideration for one of the three Class III licenses up for grabs for full casinos in New York’s downstate region.

“Staten Island is one of the few places that doesn’t have any type of gambling in the downstate area and we just think that this is one of those areas that should be considered a destination point,” the borough president said.

Fossella hosted the press conference at the Empire Outlets with the Manhattan skyline as a backdrop and overlooking the site of the failed New York Wheel project where he envisions a thriving casino.

“Just envision a casino here, perhaps a hotel in the likes of the Mohegan Sun where people can come on a day like today and enjoy the views, enjoy the vistas. Just enjoy what’s behind us,” he said.

“And if you compare it to other places around the city, you have casinos and racetracks. But does it offer this type of view and this these types of amenities? And frankly, the answer is ‘no,’” Fossella added. “We would love for folks, casino operators who are evaluating and doing their due diligence, to come and take a visit.”

The borough president admitted that he had not discussed his idea with the New York City Economic Development Corporation (NYCEDC), which owns the New York Wheel site, nor the Gaming Commission but instead his announcement would serve to open these conversations.

The initial N.Y. Wheel project, which was intended to be the world’s tallest observation wheel, reached its demise on Oct. 23, 2018 when its principals announced they would not follow through with the construction of the 630-foot-high tourist attraction, whose cost had snowballed from an original estimate of $250 million to close to $1 billion.

CanAm Enterprises, which is a sponsor of EB-5 regional center projects and has been involved with the Wheel project since its inception, has been working since 2019 with consultants and the state and city – including NYCEDC – to upstart a smaller wheel.

As of last year, CanAm was moving forward with the smaller Wheel, which was said to be more feasible and was expected to take about three-and-a-half years to complete. The company did not immediately respond to request for comment on Monday.

Fossella recalled his recent tour of the Wheel site with City Councilwoman Kamillah Hanks and the NYCEDC and being told “the plan is to raise more money to build a wheel that’s about one-third the size of the original one proposed.”

The borough president suggested that the site could have both a casino and the small wheel.

“Why not look at that site through a different lens. And frankly, who knows, maybe we can have a combination of a casino and a ferris wheel too as a tourist attraction as they have in places like Las Vegas.”

The NYCEDC did not respond to request for comment by the time of publishing.

[Busy Bee]

"I'm gambling on Staten Island"

Behold! The world's most depressing statement.

[JamesNorton]

Most people think of poker as a super hard game. Tbh, it's not that hard to play it. Once you learn the winning combinations (that takes not more than one hour), you will learn other stuff too. You can learn winning strategies online, and you will be able to win most games. You should also play online because it's easier to win. Most online players aren't good, and sometimes it's too easy. You can make more than $1000 a night if you're lucky. Still, you need a good casino that will pay you your winnings, and you can find it on https://wolfwinnercasino.com/.

[Busy Bee]

^ Are yoy beaming that in from your spaceship?

[JamesNorton]

Originally Posted by NYguy

We already have the Aqueduct “racino”, and numerous casinos upstate. The 3 remaining casino licenses will be downstate in New York City and region.



https://casinobeats.com/2021/10/21/n...ssues-rfi/?amp

New York to potentially add three casinos as regulator issues RFI


October 21, 2021










https://wolfwinnercasino.com/

Gaming agency seeks bids to open casinos in NYC area


By Carl Campanile and Bernadette Hogan
October 20, 2021

It depends on the platform you use, the connection, and even the credit card. Online casinos have gained popularity in the last two years since the blockchain craze began. I use it, and it's the most reliable and easy platform I've ever tried. I don't deny it, and there are probably more amazing platforms out there. Of course, the way you can get your money from any online casino says a lot about what kind of company it is and whether it is just a scam.

[NYguy]

https://spectrumlocalnews.com/nys/ce...-moves-forward

Casino expansion for New York City area moves forward


By Nick Reisman
Oct. 03, 2022

New York gambling regulators on Monday named officials to a board to oversee siting for casinos in the New York City metropolitan area as the state seeks to expand commercial gaming halls to a lucrative market beyond upstate communities.

The Gaming Commission named former New York City Housing Commissioner Vicki Been, New York Women's Chamber of Commerce President and CEO Quenia Abreau and former Hofstra University President Stuart Rabinowitz.

Officials are expected to issue requests for proposals to win a license for opening and operating up to three casinos in the region. Licenses are not exepcted to be issued until 2023.

https://gothamist.com/news/nyc-casin...d-gets-members

NYC casino process moves ahead as key siting board gets members


By Jon Campbell
Published Oct 3, 2022

A business leader, a former university president and a former New York City deputy mayor will oversee the bidding process for New York’s three remaining casino licenses, which are expected to be awarded in New York City and the surrounding area.

The state Gaming Commission on Monday unanimously approved the first three members of the Gaming Facility Location Board, a powerful five-member panel that will analyze any proposals for the potentially lucrative casino licenses and choose the three that will ultimately move on for final approval. It remains unclear when the commission will appoint the last two members.

The three members are:

-Quenia Abreu, president and CEO of the New York Women’s Chamber of Commerce;

-Vicki Been, a New York University law professor, former New York City deputy mayor and commissioner of the New York City Department of Housing Preservation and Development; and

-Stuart Rabinowitz, former president of Hofstra University.

The appointments mark the latest milestone in the process for awarding casino licenses in New York City, each of which will require the winner to pay a licensing fee of at least $500 million. By law, the facility board now has 90 days to begin formally soliciting proposals from casino developers.

week to approve at least a majority of what will ultimately be a powerful, five-person board, which will be tasked with awarding the state’s final three private casino licenses — all of which are expected to be awarded in New York City and the surrounding area.

In 2013, New York voters approved a constitutional amendment allowing up to seven private casinos statewide — complete with poker, Blackjack and other table games. The first four were limited to areas well north of the city, with a prior iteration of the board selecting proposals that were ultimately built in the Catskills, Schenectady, Seneca County and — after a significant push from local leaders after it was initially shut out — the Southern Tier.

[NYguy]

https://www.usbets.com/new-york-casi...w-members/amp/

…..Among the competing bids are one by Wynn Resorts and Related Companies to build a casino at Hudson Yards in midtown Manhattan; a plan by Coney Island mogul John Catsimatidis to team with Thor Equities to build in the Coney Island section of Brooklyn; a notion by Bronx assemblywoman Amanda Septimo to build in the Hunts Point area of that borough; Mets owner Steven Cohen’s vision of building a casino at Willets Point near Citi Field in Queens; and competing bids by the Shinnecock tribe and Legends Entertainment, partially owned by the Yankees, to build in Long Island.

In April, New York State approved the NYSGC to issue three Class III licenses to create three full-service casinos in the downstate region. New York mayor Eric Adams, who will have a seat on the location board, has said he would like two of the casinos located inside the city limits.

…..The gaming location board will determine the minimum capital investment requirements of each of the bids, as well as whether it may include the price of the land where the facility would be located. By law, the license fee will be no less than $500 million. The tax rate has yet to be determined by the gaming commission, but will instead be part of a competitive application process, so long as it is at least 25% for slots and 10% for other gross gaming revenue.

[TonyNYC]

"..Among the competing bids are one by Wynn Resorts and Related Companies to build a casino at Hudson Yards in midtown Manhattan; a plan by Coney Island mogul John Catsimatidis to team with Thor Equities to build in the Coney Island section of Brooklyn; a notion by Bronx assemblywoman Amanda Septimo to build in the Hunts Point area of that borough; Mets owner Steven Cohen’s vision of building a casino at Willets Point near Citi Field in Queens; and competing bids by the Shinnecock tribe and Legends Entertainment, partially owned by the Yankees, to build in Long Island."


Obviously the Hudson Yards bid stands out as the best location, but the Shinnecock/Legends.. I'm assuming out on the East End would be interesting.. I would think there would be big time opposition from the residents of Southampton, East Hampton etc... boy the out cry from the super wealthy would be crazy.. reason I like it even more!! (:

Cohen's Willet Point, Coney, and the Bronx in that order with the Bronx lagging way behind.

[NYguy]

I would put Coney Island 2nd behind Hudson Yards. I think they both should get one. Coney has the zoning in place for exactly this sort of thing, it would go in the “indoor” entertainment zone, and that includes hotels. Willets Point needs more development, and that’s picking up as well. But I don’t know that it’s the best location for another casino. The Bronx location would be out of the way, and doesn’t have great transportation. The other locations in Manhattan won’t offer anything large, and sice there will be so few, the Manhattan casino needs to be large.

[NYguy]

Everyone assumes that the 2 existing area “racinos” should and will get 2 of the 3 licences. But if they don’t, there could be 5 area casinos, spread around. The state is getting a big cut either way. I woukd like that scenario more.



https://news.worldcasinodirectory.co...n-board-105003

The Gaming Facility Location Board could reportedly start accepting casino license applications from early next year in hopes being able to finalize its three picks by the end of the summer. For his part and the mayor for the southern New York city of Yonkers, Mike Spano, purportedly pronounced that the transformation of his community’s Empire City Casino at Yonkers Raceway facility into a Las Vegas-style development would almost certainly result in an economic boost for the entire region.

Spano reportedly told the broadcaster…

“It’s a regional booster in terms of the economics. We have a little bit of work to do but we’re excited because it’s all going in the right direction.”

[NYguy]

A bit boring, but part of the process. About 15 minutes in, they get into the discussion about the new board and the licensing process...



• Video Link



There are no "favorites", supposedly.

[NYguy]

From the website, more on how the process will play out over the course of the next year...
https://nycasinos.ny.gov/








Factors that will play into the decision process...

[NYguy]

https://observer.com/2022/10/develop...k-city-casino/

Developers and Billionaires Are Lining Up for the Chance to Operate a New York City Casino
As New York state begins accepting proposals for three casino licenses in the New York City area, here are the major contenders.




By Alexandra Tremayne-Pengelly
10/05/22

As the development of a New York City casino inches closer towards reality, the race is on to secure a license.

New York state voters authorized the creation of seven casinos in 2013, and four upstate facilities opened in the first phase. Now the second phase is underway, and licenses for three casinos in the New York City area will soon be open for bidding.

The New York City area already has two gambling facilities known as racinos, horse racetracks that also operate slot machines and other electronic games. The Malaysian-based casino developer Genting operates the Resorts World facility at the Aqueduct Racetrack in Queens, while MGM Resorts controls the Empire City racino in Yonkers, located in Westchester county. Barring any unforeseen actions, these locations are most likely to receive two of the three casino licenses, according to Gary Pretlow, a member of the New York State Assembly and co-chair of the Committee on Racing and Gaming. And as pre-established facilities, it won’t take long after being licensed for them to begin operating as casinos.

On Oct. 3, the State Gaming Commission announced members of the Gaming Facility Location Board, who will now have 90 days to solicit proposals from casino developers interested in one of the three licenses. But before the board approves proposals, applications must be accepted by two-thirds of local community advisory committees, created to gauge local support for bids. These boards will have members appointed by Governor Kathy Hochul, Mayor Eric Adams and the applicable borough president, city council member, state senator and assembly member.

“My best educated guess would be that bids are accepted by the end of the year, and early next year there’s a declaration of who got the licenses,” said State Senator Joseph Addabbo, chair of the Senate Racing, Gaming and Wagering Committee.

Wynn Resorts and Related Companies

Nevada-based Wynn Resorts and real estate developer Related teamed up in September to announce their intention to pursue a casino license for Hudson Yards, on Manhattan’s far West Side, in what was the first public announcement of an intended bid. Related, founded by billionaire and Miami Dolphins owner Stephen Ross. Wynn, founder of the Mirage and eponymous Wynn casinos, has a long track record in Atlantic City, Las Vegas and Macao but recently has been accused of lobbying on behalf of China by the Justice Department. Meanwhile, Related’s CEO Jeff Blau, who told Bloomberg the partnership was a “perfect pair,” has donated at least $400,000 to New York state office candidates since 2001, while Ross last November gave nearly $70,000 to Hochul’s campaign.

Hard Rock

Casino operator Hard Rock, owned by Florida’s Seminole tribe, is reportedly interested in three potential casino locations in Manhattan. A recent email sent by a Hard Rock executive to his team referenced preparations “for the final stretch of our process for the third New York City casino license.” Donors associated with Hard Rock have given Hochul’s campaign more than $100,000 so far in 2022.

Las Vegas Sands

Casino and resort company Las Vegas Sands, founded by late Republican donor Sheldon Adelson, is another contender, according to Woinski, who believes the remaining casino license will be the site of a “three-horse race” between operators Wynn, Hard Rock and Sands, which owns the Venetian casinos. “Las Vegas Sands has a track record in Las Vegas and Singapore of building integrated resorts, that’s probably what New York is looking for,” said Woinski.

Bally’s Casinos

Soo Kim, Bally’s Chairman, has publicly announced his interest in pursuing a New York license. However, Woinski believes the operator will have its hands full with the implementation of a new facility in Chicago.

Steven Cohen

Steven Cohen, owner of the New York Mets and former founder of the S.A.C. Capital hedge fund, has expressed interest in developing a casino near Met stadium Citi Field in Queens. While Cohen has had talks with Las Vegas Sands, Hard Rock is reportedly the front runner to partner with him. Cohen’s influence and name recognition could push him towards being a frontrunner, according to Woinski. He also has close ties with Mayor Eric Adams, having contributed $1.5 million to a political action committee created to support Adams’ 2021 mayoral campaign.

John Catsimatidis

Billionaire John Catsimatidis, the CEO of Gristedes Foods and former Republican gubernatorial candidate, has announced his desire to build a casino in Coney Island.

Thor Equities

Real estate developer Thor Equities is also interested in a facility on Coney Island, the birthplace of company founder Joseph Sitt.

SL Green Realty

Marc Holliday, CEO of Commercial real estate company SL Green, is allegedly interested in partnering with Hard Rock for a Times Square casino located in an SL Green skyscraper. In an earnings call earlier this year, Holliday said Times Square would likely be the most globally accepted area for a casino.

Vornado Realty Trust

Finally, real estate developer Vornado is also eyeing Times Square, with chairman Steven Roth — an economic advisor to Donald Trump during his 2016 campaign — interested in a location near Herald Square.

“The overall proposal will be more important than who the developer is,” said Woinski, who believes the third casino license will be granted to a proposal with significant financial backing, the involvement of influential New York figures and the inclusion of an integrated resort alongside the casino. “The third license has to be the most magnificent,” he said.

[NYguy]

https://elitesportsny.com/2022/10/12...nd-casino-bid/

Thor Equities Planning Coney Island Casino Bid





By Robert Linnehan
10/12/2022

Just a week after a board was formed to determine the location and siting of up to three downstate New York casinos, one real estate development firm is already making its intentions known.

A source confirmed to ESNY that Thor Equities, a real estate development, leasing and management firm, will be submitting a “robust” bid to the New York casino siting board when it releases a request for applications for casino licenses in early 2023.

The source confirmed that Thor Equities would list portions of its Coney Island amusement district properties as the potential location for its casino.

The real estate development firm owns several properties in Coney Island’s amusement district, which has also been zoned for hotels, entertainment purposes, amusements, and retail.

The Real Deal, a New York real estate development publication, reported in 2018 that Thor Equities was attempting to sell 21 properties in Coney Island, located outside the Coney Island subway station between Surf Avenue and the Coney Island boardwalk.

The publication noted that Thor Equities Chairman Joseph Sitt had once envisioned using these properties as Las Vegas-style entertainment district. It’s unknown if this is the potential location Thor Equities is eyeing for its Coney Island casino, but it seems to fit the description.

[NYguy]

https://www.nytimes.com/2022/10/19/n...quare.amp.html

Times Square May Get One of the Few Spectacles It Lacks: A Casino
The battle to win a New York City casino license has heated up in Manhattan, with real estate and gambling giants offering competing proposals for Times Square and Hudson Yards.


By Dana Rubinstein, Nicole Hong and Michael Paulson
Oct. 19, 2022

Times Square, New York City’s famed Crossroads of the World, could hardly be considered lacking. It has dozens of Broadway theaters, swarms of tourists, costumed characters and noisy traffic, all jostling for space with office workers who toil in the area.

Now one of the city’s biggest commercial developers is pitching something that Times Square does not have: a glittering Caesars Palace casino at its core.

The developer, SL Green Realty Corporation, and the gambling giant Caesars Entertainment are actively trying to enlist local restaurants, retailers and construction workers in joining a pro-casino coalition, as the companies aim to secure one of three new casino licenses in the New York City area approved by state legislators earlier this year.

The proposal has enormous implications for Times Square, the symbolical and economic heart of the American theater industry, and a key part of the city’s office-driven economy.

A casino in Times Square faces substantial obstacles. There is already a competing bid for a casino in nearby Hudson Yards from another pair of real estate and gambling giants, Related Companies and Wynn Resorts.

And with casino bids also taking shape in Queens and Brooklyn, there is no assurance that the New York State Gaming Commission will place a casino in Manhattan, let alone Times Square, one of the world’s more complex logistical and economic regions.

Few things change in Times Square without notice or protest. When the city installed pedestrian plazas in the area more than a decade ago, the move was widely condemned and even lampooned by late-night talk show hosts, before being eventually embraced as an innovative foray in urban design. When the neighborhood’s army of costumed characters gained a reputation for aggressive solicitation, the city restricted them to designated “activity zones,” raising free speech concerns.

Now critics worry that putting a casino at 1515 Broadway, the SL Green skyscraper near West 44th Street, would alter the character of a neighborhood that can ill afford to backslide toward its seedier past, and further overwhelm an already crowded area.

In a copy of a letter soliciting support for the casino, which was obtained by The New York Times, the companies promised to use a portion of the casino’s gambling revenues to fund safety and sanitation improvements in Times Square, including by deploying surveillance drones.

Yet the idea of a casino has already found an influential opponent: the Broadway League, a trade association representing theater owners and producers. On Tuesday, the league sent an email to its members saying it would not welcome a casino to the neighborhood.

“The addition of a casino will overwhelm the already densely congested area and would jeopardize the entire neighborhood whose existence is dependent on the success of Broadway,” the league said in a statement. “Broadway is the key driver of tourism and risking its stability would be detrimental to the city.”

For New York, Times Square is an important financial engine — the city relies heavily on tourists to spend money at the neighborhood’s hotels, restaurants, stores and entertainment venues.

Last week, there were 27 shows running on Broadway, seen by 225,731 people and grossing $29 million; in the comparable week in October 2019, before the pandemic, there were 34 shows running that were seen by 286,802 people and grossed $35 million.

Still, the Actors’ Equity Association, the labor union representing actors and stage managers, is among those supporting the casino bid, suggesting a contentious road ahead for a proposal that will face a lengthy approval process.


“The proposal from the developer for a Times Square casino would be a game changer that boosts security and safety in the Times Square neighborhood with increased security staff, more sanitation equipment and new cameras,” Actors’ Equity said in a statement. “We applaud the developer’s commitment to make the neighborhood safer for arts workers and audience members alike.”

In their letter seeking support for the casino, SL Green and Caesars said that gambling revenues could be used to more than double the number of “public safety officers” in Times Square and to deploy surveillance drones.

The letter said a new casino would result in more than 50 new artificial intelligence camera systems “strategically placed throughout Times Square, each capable of monitoring 85,000+ people per day.” The safety plans were developed by former New York Police Commissioner Bill Bratton, according to SL Green.

Mr. Bratton did not respond to a request for comment.

“As New Yorkers, it’s incumbent on us to keep making sure Times Square is keeping up with the times, and doesn’t go back to what I’ll call the bad old days of the ’70s or the early ’90s,” said Marc Holliday, the chief executive of SL Green. “And we all remember what that was like, when it comes to crime, and, you know, open drug use.”

The casino is expected to include a hotel, a wellness center and restaurants, right above the Broadway theater that is home to “The Lion King” musical and a stone’s throw from the site of the ball drop on New Year’s Eve.

Two existing “racinos” — horse racetracks with video slot machines but no human dealers — are considered front-runners for two of the three licenses: Genting Group’s Resorts World New York City in Queens and MGM Resorts International’s Empire City Casino in Yonkers, N.Y.

The competition for the third license features many of the country’s major casino companies. Steven Cohen, the owner of the New York Mets, has been talking with Hard Rock about a casino near the baseball team’s stadium in Queens. Las Vegas Sands has been finalizing plans for its preferred casino location in the area, and Bally’s Corporation has been scouting for a development partner.

The Wynn-Related proposed casino would be on the undeveloped western portion of the Hudson Yards, which was supposed to be completed by 2025 and include residential units and parks. Related, the developer of Hudson Yards, said it plans to fulfill all of its prior housing and public space commitments for the area.

In a private pitch deck obtained by The Times, Wynn and Related wrote that Hudson Yards, near the Javits Center, was the ideal location to target “diverse upscale” guests for a casino resort complex.

“Because it attracts the upper tier of gaming consumers, Wynn is able to dedicate less than 10 percent of its resort space to gaming, yet still generate significant gaming revenue and tax benefits for municipalities,” reads a slide in the deck.

The deck also features photos of an outdoor man-made waterfall — and of a couple enjoying cocktails while watching a cigarette-holding animatronic frog, apparently from Wynn’s “Lake of Dreams” show.

In their pitch letter, SL Green and Caesars said the casino was a “once in a lifetime opportunity to once again solidify Times Square as the world’s greatest entertainment area.”

[NYguy]

https://www.reviewjournal.com/busine...e-2661009/amp/

NYC’s Times Square could get a Caesars Palace


By Eli Segall
Las Vegas Review-Journal

Caesars Entertainment Inc. announced a partnership Thursday with New York office landlord SL Green Realty Corp. to open Caesars Palace Times Square in a redeveloped high-rise.

The 54-story tower, 1515 Broadway, is owned by SL Green and would include a Broadway theater for “The Lion King,” according to a news release, which did not provide other details on the proposed casino project.

It said the development would bring Caesars’ “more than 50 years of globally-recognized excellence in entertainment, food & beverage, and gaming … to deliver a best-in-class experience that will be authentic and complementary to the Times Square entertainment district.”

Caesars Palace Times Square would “provide billions in tax revenue” to New York City and State, and the partners are “proposing significant security and traffic improvements as part of their proposal.”

Caesars Rewards members would be able to use credits at Broadway shows, local hotels, restaurants, retail stores and entertainment venues, the release said.