Several sites are being considered for gaming properties

Several sites are being considered for gaming properties

New York State will soon have three commercial casino licenses up for grabs, and NYC developers and gaming operators are already looking at possible locations. Some of the potential sites include Times Square and Hudson Yards, as well as a possible casino property in Willets Point in Queens and Coney Island in Brooklyn.

The New York State legislature included the fast-track of the three downstate casino licenses in this year’s budget. The introduction of the three licenses will be allowed at least a year earlier. The Mayor of New York, Eric Adams, wants to see at least two of those commercial licenses in the city.

There are preliminary plans in place

Real-estate brands such as Related Companies in Hudson Yards and Vornado and SL Green in Times Square are interested in introducing casino properties in their territories. They are willing to team up with gaming giants in order to bring the said venue to life and have presented preliminary plans to Gov. Kathy Hochul and other state officials.

Representatives from Related Companies met with city officials to discuss the possibility of a casino on the far West Side. Jon Weinstein, a spokesman for the company, said that the real-estate giant is weighing in on its options for a potential gambling site in Manhattan.

The company wants to build a commercial gaming establishment in Coney Island, and is one of the interested parties. In an interview on Sunday, John Catsimatidis and the owner said that a casino would be a great addition to Coney Island and Brooklyn, as it would bring a lot of activity to the area.

Hard Rock wants to be involved in an NYC gaming project. Frank Carone, the Chief of Staff for City Hall, met with the company lobbyists about the casino property. The Willet’ Point casino would be easily accessible via the No. 7 subway train, the Long Island Rail Road, and the Long Island Expressway.

It is not an easy task

There will be plenty of competition when it comes to the three commercial licenses. Two existing gaming establishments, Empire City Casino by MGM Resorts at Yonkers and Genting America’s Resorts World New York City in Queens, are considered to be in pole position for two new gaming establishments. The rest of the companies will have to fight for the remaining one if the two are selected for a license.

Some Manhattan locals don’t like the idea of having a casino property in the area. Some residents in the area spoke against the project. Diane Liotta said that she is not willing to gamble on a casino property in close proximity to her home because it could attract shady characters.

The New York Post reported that NYC developers were eyeing casinos for Hudson Yards, Times Square, Willets Point, and Coney Island.

Summary:

New York City Mayor Eric Adams has expressed his desire to see at least two of the three commercial casino licenses in the city. Some of the discussed potential sites include Times Square and Hudson Yards, there is also talk of a possible casino property in Willets Point in Queens and Coney Island in Brooklyn.