These local oversight panels will play a crucial role in determining which of the eight casino applicants will proceed in the process by assessing whether they align with community interests and priorities.

What are Community Advisory Committees?

CACs are local oversight bodies that ensure each application receives a thorough community review before being advanced.
Six members comprise each CAC. Key government officials appoint them:

• The Governor
• The Mayor of New York City
• The local State Senator
• The local State Assembly Member
• The Borough President
• And the City Council Member representing the district

In the case of MGM Empire City in Yonkers, the committee has five members because it falls outside the jurisdiction of New York City. The members are appointed by the Governor, the County Executive, the State Senator, the State Assembly Member, and the City’s Chief Executive (Yonker’s Mayor).

The CAC’s primary role is to evaluate whether each application aligns with local needs and priorities. The committees must hold public meetings to consider community feedback and input.

Without CAC approval, casino license applications cannot be advanced to New York’s Gaming Facility Location Board for final consideration.

Who are the Picks?

The Avenir

• Gov. Kathy Hochul – Angel Vasquez (Deputy Secretary for Union Relations, Governor’s Office)
• New York City Mayor Eric Adams – Nabeela Malik (Deputy Director, City Planning for Manhattan)
• State Sen. Brad Hoylman-Sigal – Richard Gottfried (Retired Assembly Member)
• New York City Council Member Erik Bottcher – Quentin Heilbroner (Bottcher’s Community Board  4 Liaison)
• Assembly Member Tony Simone – Matthew Tighe (Simone’s Chief of Staff)
• Manhattan Borough President Mark Levine – Madeleine McGrory (Director of Land Use Planning, Manhattan BP Mark Levine)

Caesars Palace Times Square

• Gov. Kathy Hochul – Peter Hatch (Deputy Secretary of Human Services & Mental Hygiene, Governor’s Office)
• New York City Mayor Eric Adams – Laura Smith (Chief Counsel, Advisory Committee on Judicial Ethics)
• New York City Council Member Erik Bottcher – Carl Wilson (Bottcher’s Chief of Staff)
• State Sen. Liz Krueger – Richard Gottfried (Retired Assembly Member)
• Assembly Member Tony Simone – Matthew Tighe (Simone’s Chief of Staff)
• Manhattan Borough President Mark Levine – Chris Carroll (Levine’s Chief of Staff)

Freedom Plaza

• Gov. Kathy Hochul – Nichols Silbersack (Deputy Policy Director, Governor’s Office)
• New York City Mayor Eric Adams – Jennifer Sta. Ines (Manhattan Deputy Borough Commissioner)
• New York City Council Member Keith Powers – Molly Hollister (Former Chair, Manhattan Community Board 6)
• State Sen. Kristen Gonzalez – Sandra McKee (Chair, Manhattan Community Board 6)
• Assembly Member Harvey Epstein – Reshma Patel (Board Member, Manhattan Community Board 6)
• Manhattan Borough President Mark Levine – Celeste Royo (Senior Urban Planner for Manhattan Borough

Bally’s Bronx

• Gov. Kathy Hochul – Rafael Salaberrios (SVP, Small Business Capital Access, Empire State Development)
• New York City Mayor Eric Adams – Paul Philips (Director of Student Communication, Hunter College)
• New York City Council Member Kristy Marmorato – Danielle Volpe (VP & General Counsel, Posilico Civil)
• State Sen. Nathalia Fernandez – Alex Porco (Fernandez’s Chief of Staff)
• Assembly Member Michael Benedetto – Matthew McKay (Benedetto’s Deputy Chief of Staff)
• Bronx Borough President Vanessa Gibson – Lisa Sorin (President, Bronx Chamber of Commerce)

Metropolitan Park

• Gov. Kathy Hochul – Gregory Anderson (Deputy Director of State Operations, Governor’s Office)
• New York City Mayor Eric Adams – Lin Zeng (Director, NYC Dept. of City Planning, Queens office)
• State Sen. Jessica Ramos – No nominee named yet
• Assembly Member Larinda Hooks – Herself
• Queens Borough President Donovan Richards – Himself
• New York City Council Member Francisco Moya – Himself

The Coney

• Gov. Kathy Hochul – Portia Henry (Assistant Secretary for Transportation, Governor’s Office)
• New York City Mayor Eric Adams – Alex Sommer (Director, Dept. of City Planning, Brooklyn office)
• State Sen. Jessica Scarcella-Spanton – Herself
• Assembly Member Alec Brook-Krasny – Marissa Solomon (Director, Pythia Public)
• Brooklyn Borough President Antonio Reynoso – Himself
• New York City Council Member Justin Brannan – Himself

MGM Empire City

• Gov. Kathy Hochul – Maria Fernandez (Deputy Secretary of Education, Governor’s Office)
• Yonkers Mayor Mike Spano – James Cavanaugh (Strategic Planning, Empire Strategic Planning)
• State Senate Majority Leader Andrea Stewart-Cousins – Larry Wilson (General Manager, Port Authority of NY & NJ)
• Assembly Member Nader Sayegh – Frank Jereis (Executive Director, Yonkers Democratic Party)
• Westchester County Executive Ken Jenkins – Joe Apicella (Executive VP, MacQuesten Development)

Resorts World New York City

• Gov. Kathy Hochul – Stevens Martinez (Deputy Director, Intergovernmental Affairs, Governor’s Office)
• New York City Mayor Eric Adams – Nicole Garcia (NYC DOT Borough Commissioner, Queens)
• State Sen. James Sanders Jr. – Himself
• Assembly Member Stacey Pheffer Amato – Herself
• Queens Borough President Donovan Richards – Himself
• New York City Council Speaker Adrienne Adams – Betty Braton (Chair, Queens Community Board 10)

CAC Appointees With Pre-Declared Positions

While most appointees have not publicly stated positions on their assigned projects, a few stand out.

The Manhattan Properties

The Manhattan bids, especially Caesars Times Square, have generally created a sharp divide in opinions, gathering lots of support but also many opponents. Still, most CAC members have not previously commented or expressed a stance on this issue.

Richard Gottfried, who sits on both Caesar’s Times Square and The Avenir’s committees, has historically raised concerns about the expansion of gambling, but has not directly spoken against specific proposals.

Manhattan Community Boards 4, 5, and 6 have generally been skeptical of large-scale casinos, citing congestion and negative social impacts.

Meanwhile, Sandra McKee, who’s part of the Freedom Plaza committee, has previously issued letters opposing large-scale developments in the district.

The Outer Borough Proposals

In Queens, State Sen. Jessica Ramos has notably not picked a committee member for the Metropolitan Park project. In the past, Ramos has been critical of the proposal due to concerns about the loss of parkland and its community impact. While she’s softened her stance, the fact that she hasn’t picked a committee representative could signal opposition.

Donovan Richards Jr., who sits on the Metropolitan Park and Resorts World CACs, has not publicly endorsed any of the casinos, but has historically signaled openness to large-scale developments that create jobs.

In Brooklyn, Antonio Reynoso, who sits on The Coney’s CAC, has called for strong community engagement but has been cautious about directly commenting on the project.

Justin Brennan has also been cautious with remarks about The Coney, but has stressed the importance of local jobs and potential revenue. He remains publicly neutral.

Meanwhile, Marissa Solomon volunteers at the Coney Island Museum, which has been an opponent of The Coney casino.

In the Bronx, Chamber of Commerce President Lisa Sorin has not endorsed Bally’s Bronx Casino but has been generally supportive of job creation in the community.

Meanwhile, while Danielle Volpe has not commented directly on Bally’s project, she was appointed by New York City Council Member Kristy Marmorato, who voted against it in the council’s vote on whether to advance the company’s casino proposal to the state legislature.

The Two Racinos

The two racinos, MGM Empire City and Resorts World New York City, are considered frontrunners by many and generally have more favorable opinions from local communities and politicians.

Two of the Resorts World CAC members, Betty Braton and James Sanders Jr., have previously declared support for the project. Both cite the contribution to the local economy and job creation.

While he has not explicitly endorsed MGM, CAC member Frank Jereis has been historically supportive of Yonkers’ development projects. In the past, Jereis has supported Empire City’s upgrades and modernisation efforts.

What Happens Next?

Now that the CACs have been appointed, the licensing process can move to the next phase: public hearings.

According to the New York Gaming Facility Board, CACs are required to hold at least two public meetings to gather community input. During this stage, committees can also request that applicants modify or adjust their proposals to better address community concerns.

Following the hearings, the committees will vote on whether to approve each project (likely in late August or September). The votes are contingent on other requirements, such as zoning and environmental reviews, all of which must be finalized by September 30.

To pass the CAC stage, an application must receive approval from at least two-thirds (four out of six) of the members. For MGM Empire City, which has a five-member CAC, the project still needs four votes to meet the two-thirds requirement.

The applications approved by their CACs will then move to the Gaming Facility Location Board for final recommendation. The board is expected to announce the winners by the end of the year.

The post The Next Step in New York’s Casino Licensing Process: Advisory Committees Take Shape appeared first on CasinoBeats.

With a 36–11 vote (and four abstentions), the Council approved the rezoning and “de-mapping” of several public streets in the amusement district to allow The Coney’s construction.

The approval does not guarantee the casino’s development; it’s only one step in a long and highly competitive licensing process.

A Big Vision for Coney Island

If it secures a license, The Coney will be built in the heart of the Coney Island amusement district. It promises to transform the iconic beachfront area into a year-round entertainment hub. The $3.4 billion project will include:

• 430,000 sq ft of gaming space
• 500-room hotel
• 2,400-seat performance venue
• A convention center
• Retail and dining areas
• Rooftop open spaces and elevated pedestrian sky bridges

One of the selling points of the developers, a consortium led by Thor Equities, is that The Coney will transform the area into a year-round destination, boosting employment. They estimate the project will generate 4,500 union construction jobs and 4,000 permanent union jobs.

Additionally, The Coney is expected to generate $200 million in community trust for local area improvements.

Still, it’s worth noting that, with an estimated investment of $3.4 billion, the project sits on the lower end of the spectrum among the eight applicants.

Only MGM Resorts’ plan to convert its racino in Yonkers through a $2.3 billion investment is smaller. Still, many consider MGM’s project a frontrunner as it requires less investment and is already operational.

In contrast, Soloviev Group and Mohegan Gaming’s ambitious $11.1 billion Freedom Plaza project tops the list.

The Long Road Ahead

While The Coney has cleared the zoning hurdle, there’s still a long road ahead. It must now secure approval from a Community Advisory Committee by September 30. To proceed, the project must receive a two-thirds approval.

Notably, the project has already undergone an environmental assessment under the State Environmental Quality Review Act, placing it ahead of some of its competitors.

Once it completes all the requirements, The Coney’s application will advance to the final evaluation by the Gaming Facility Location Board.

The board is expected to announce the winning bids by the end of the year.

Deeply Divided Community Response

Coney Island’s local community remains sharply divided over the proposal.

Supporters argue it will transform a neighborhood that is heavily dependent on the summer season and has a high unemployment rate.

The developers claim to have gathered strong support. That includes 10,000 letters of support from residents, with 1,000 of these coming from tenants in public housing in the area.

Other proponents include the Brooklyn Chamber of Commerce and various union leaders. Former Brooklyn Councilman Robert Cornegy Jr. also backs it, but he’s likely a paid advocate now.

To address some community concerns, developers promise to locate the gaming floor above a family-friendly ground level, a feature also promised by Caesars Palace Times Square.

Still, some residents are concerned about the rise in crime and the traffic the complex would bring. Many claim that a casino won’t benefit the neighborhood, which is full of small mom-and-pop shops.

Others believe it does not fit the amusement district and would destroy it. Organizations such as the Central Amusement (Luna Park), the Coney Island History Project, Coney Island USA( which runs the sideshow and museum in the area), and Community Board 13 strongly oppose the project.

The post Coney Island Casino Gets Zoning Approval, But Local Community Remains Deeply Divided appeared first on CasinoBeats.

Local news media W42ST obtained an exclusive preview of the interior of the $5.4 billion proposal, a collaboration by SL Green Realty, Caesars Entertainment, and Jay-Z’s Roc Nation.

The developers will transform the 1515 Broadway office tower into a luxury casino resort, featuring a 992-room hotel, a rooftop observatory, a spa, a theater, high-end restaurants, and a gaming lounge situated above street level.

“Elevated Entertainment” Concept

Sweeping staircases, marble finishes, glass-domed ceilings, and hotel suites with skyline views highlight the interior renderings. The developers describe it as an “elevated entertainment experience,” which will complement, rather than compete with, the surrounding neighborhood.

Unlike Vegas-style casinos, there will be no gaming on the ground floor. Instead, visitors will enter through a secure lobby and intentionally choose to visit the casino floor on higher levels.

Brett Herschenfeld, Executive Vice President at SL Green and project lead, told W42ST:

“We won’t have any gaming on the ground floor. Visitors will need to enter our lobby, go through security, and choose to move upstairs onto the gaming floor — raising the barrier to entry and helping make this an intentional destination for gaming, not a place for impulse gamblers.”

While the proposal includes amenities like the SUMMIT observatory, spa, and luxury dining, it notably won’t have retail storefronts.
That’s something the developers had promised, so as not to compete with existing retail businesses in Times Square.

Caesars Promising Big Economic Boost

The partners are selling Caesars Palace Times Square as a means to boost the local economy. They forecast that it will attract 10 million additional visitors, generating $800 million in annual retail spending.

Additionally, the project is expected to generate over $7 billion in tax revenue during its first decade, creating approximately 3,800 permanent jobs.

Furthermore, it would drive around $26 billion in spillover revenue to nearby hotels, theaters, restaurants, and retailers. The proposal also includes an $81 million public safety plan.

Divided Local Opinion

Caesars Palace Times Square is one of three Manhattan casino proposals, which face more opposition than some other bidders in the other boroughs. Opposition was a primary factor in Wynn Resorts‘ decision to withdraw its Hudson Yards project.

Caesars faces pushback from multiple local associations and trade groups, primarily serving the interests of the theater industry. They include the Broadway League, IATSE, Sardi’s, The Shubert Organization, and block associations, claiming the casino will raise crime, gambling addiction, and destroy the theater district.

State Sen. Brad Hoylman-Sigal, who will likely be the next Manhattan Borough President, also opposes the casino.

Still, Caesars Palace Times Square also has a significant backing. The developers claim they have support from over 200 businesses and organizations, including Wundham CEO Geoff Ballotti.

Recently, it received backing from civil rights activist Rev. Al Sharpton and Ryan Williams, founder of the real estate investment platform Cedre.

In a move to gain local support, Caesars teamed up with Sharpton and Williams to invite local households to participate in the project through $500 ownership stakes.

Caesars Palace Times Square Faces Stiff Competition

The Times Square casino project is one of eight contenders for three licenses. The remaining options are:

• The Avenir (Manhattan)
• Caesars Times Square (Manhattan)
• Freedom Plaza (Manhattan)
• Bally’s Bronx Casino (The Bronx)
• Metropolitan Park (Queens)
• MGM Empire City (Yonkers)
• Resorts World New York City (Queens)
• The Coney (Coney Island)

After numerous delays, the licensing process has reached a crucial stage. The application deadline was on June 27. Now, each proposal must secure approval from at least four out of a six-member Community Advisory Committee. The committee votes are due by September 30.

Additionally, some projects are still undergoing zoning changes as part of the rezoning Uniform Land Use Review Procedure and must complete an environmental assessment under the State Environmental Quality Review Act.

Once they pass these hurdles, the projects will advance to the final evaluation by New York’s Gaming Facility Location Board. The board is expected to make a decision and award the licenses by the end of the year.

The post Caesars Palace Times Square Reveals First Interior Renderings For New York Casino appeared first on CasinoBeats.

The $11.1 billion development being put together by Soloviev Group and Mohegan Gaming, projects $3.2 billion in annual economic input. Both figures are the highest of any of the three proposed Manhattan projects.

Michael Hershman, CEO of Soloviev Group, told CasinoBeats that Freedom Plaza would be the most beneficial to New York.

“From a capital investment standpoint, from a workforce standpoint, it is indeed the largest proposal. It would only be reasonable to assume that given the size of this proposal, that the state and the city will benefit more from the tax revenue standpoint than the other proposals.”

Freedom Plaza’s proposal includes a number of features beyond just a casino.

However, its opponents are focused on the negative externalities that casinos can bring to a community. These include gambling addiction and gambling-related crime.

Ray Pineault, President and CEO of Mohegan Gaming, is all too familiar with those concerns. He expressed that Freedom Plaza is making them a top priority of the project.

“There’s nothing more important to us than that people who come and enjoy the facility, the resort facility, are doing so in a fun and safe environment,” he expressed to CasinoBeats.

What Is Included In the Freedom Plaza New York Casino Proposal

Freedom Plaza will be located in Midtown East Manhattan. It will span East 38^th to 41^st St.

The overall project is an $11.1 billion development that covers 6.3 acres of land. It includes:

• 295,000 sq ft casino
• 1,251-room hotel
• 56,000 sq ft meeting and conference center
• 41,000 sq ft wellness center
• 5-acred park
• 1,049 apartments, 513 of which will be affordable housing units

The developers estimate that Freedom Plaza will create 17,000 jobs during its construction, with 8,000 jobs being permanent. They also estimate that the project will ultimately support nearly 40,000 jobs throughout the economy.

All-in-all Soloviev Group and Mohegan Gaming believe this proposal will generate the $3.2 billion in annual economic output.

“It’s got two residential towers on property. Almost 50% of the total number of units will be affordable housing. That’s also something the others don’t provide, daycare centers, medical facilities, a Wellness Center, and, very importantly, a community center, which will serve as well as the first of its kind, the Museum of Freedom and Democracy,” Hershman said.

“In addition to all of that, you know, we’re planning on a Community Investment Fund which will send literally hundreds of millions of dollars back into the community. The sort of money that they never imagined to be able to use as they see fit, whether it’s for community beautification, improvement of schools or sports facilities for youth.

“When you take all of that into consideration, I think we go way beyond some of the other proposals.”

Hershman also noted that Freedom Plaza will offering stock equity in the gaming facility to residents of New York City, allowing them to share in the project’s long-term success.

Studies Show Casinos Opening Don’t Increase Crime

A recent poll conducted by Tulchin Research shows that nearly two-thirds of Manhattan residents support the Freedom Plaza project.

However, there are still those who are opposed to it.

One of the key reasons is a concern in the rise of gambling-related crime that would come through establishing a casino in the area.

Pineault believes those concerns are misguided, stating: “It’s a misnomer that that resort operations like we’re proposing actually raise crime. There’s many studies out there that are contrary to that. You’re never going to please 100% of the people 100% of the time.”

“But, providing a safe environment for our guests, for our team members, and for the community is of the utmost importance to us. We have security professionals that we’re bringing on as part of this project and making sure that we’re providing a safe and fun environment for everyone.”

One such study on the matter comes from the National Institute of Justice. In April 2003, it looked at if the presence of casinos increased crime in a community.

The study found, “overall, casinos do not have any systematic effect on crime.” It went on to note that the success of the casino ends up being important to the well-being of the community, thus leads to greater protection from the community as well as local law enforcement.

“It will impact crime, but in a positive fashion, because we’re planning probably the most sophisticated security, both in and around this development, that will exist,” Hershman said of the Manhattan casino. “We’re coordinating very closely with New York City Police Department to put a police substation on site.”

Another study done by UNLV Gaming Research & Review in 2012 assessed the crime volume in the city of Detroit following the opening of three commercial casinos in 1999 and 2000.

The study concluded that there was no indication to suggest the volume of crime increased in Detroit as a result of the casino openings.

Pineault Has Extensive History With NCPG

Other opponents of Freedom Plaza cite concerns related to an increase in gambling addiction or problem gambling in the area.

Pineault has a lot of background in that area. The Mohegan Sun opened in Connecticut in 1996 and has been operating for nearly 30 years.

In his time with Mohegan Gaming, Pineault has sat on the board of the National Council on Problem Gambling. (NCPG) The company is also a contributor to the Connecticut Council on Problem Gambling.

“To have people who have issues (with gambling addiction), it does not do any good for the industry,” Pineault said.

“So, it is part of our ethos and DNA to make sure that we’re addressing those. There is a small percentage of the population that has issues with gambling addiction. It’s now been rightfully identified as an addiction along with drugs, alcohol, and other things. I was on the board when that happened, and I was very proud to see that happen.”

The opening of a new casino leading to more problem gambling also may not be entirely true.

Reporting from the Reason Foundation says that states which legalize gambling activities could see short-term spikes in problem gambling. However, if they rise, they tend to stabilize within a few years, aligning with global averages.

The site used Maryland as an example. In 2010, without legal casinos, 3.4% of adults met criteria for disordered gambling. In 2017, after the introduction of six casinos, the rate fell to 1.9%.

Pineault noted that Mohegan Gaming is a large contributor to a program at Yale University that is designing a mobile application to help those with limited resources get access to problem gambling help. He hopes that application will roll out in the next 6-12 months.

When it comes to Freedom Plaza, Pineault says the developers are committed to providing proper resources to combat gambling addiction.

“We’ve actually partnered with a New York problem gambling nonprofit organization to make sure that we’re working together when we’re addressing those issues,” he said.

“We’re addressing people that have problems and we’re and we’re working on programs that not only deal with addressing the issue, but prevention as well.”

Societal Costs Of Gambling Compared To Economic Impact

The National Council on Problem Gambling estimates that 2.5 million US adults are estimated to meet the criteria for a severe gambling problem in a given year. That represents 1% of the population.

Another 5-8 million would fit under the category of mild or moderate gambling problems.

While the NCPG states the casinos are not to blame, comparing them to a liquor store being responsible for creating alcohol problems, there is still cost involved.

The NCPG estimates the annual national social cost of problem gambling is $14 billion. That total incorporates a number of factors. They include:

• Criminal justice
• Healthcare spending
• Job loss
• Bankruptcy
• Other consequences

That amount spans the entire US, which has nearly 500 retail casinos across the country. It also includes online casinos, sports betting, horse racing, and any other formers of regulated or illegal gambling.

The addition of three New York casinos, including the potential of Freedom Plaza in Manhattan, is sure to aid in that number rising to some degree.

However, the financial impact it will add will fall well shy of the proposed $3.2 billion in annual economic output for the state of New York.

Because of that financial impact for Manhattan and the state, Hershman believes Freedom Plaza can be a game changer.

“I am a native New Yorker, born and raised in Brooklyn. New York City is the center of the universe. I want to keep it that way,” he said.

“In order to maintain our status as the center of the universe, or the greatest city in the world, you’ve got to continue the progress. You’ve got to continue to offer people new and better things to do when they come to Manhattan. For me, it’s kind of a legacy project, and one that that I’m proud to be involved with.”

The New York State Gaming Commission expects to award three casinos licenses by the end of 2025. Pineault believes with all the information, Freedom Plaza should be one of them.

“When I look at the plans, whether it’s in Manhattan or any of the others that I’ve seen thus far, this is by far and away the project that’s going to provide the most benefit to Manhattan, the most return to the city, and to the state,” he said.

“If the state were to look at it objectively, I’m cautiously optimistic that this is the plan that they would have to choose, because it’s in the best interest of all of the residents and citizens of the state.”

The post Freedom Plaza New York Casino Developers Committed To Creating Safe Environment appeared first on CasinoBeats.

Authorized in 2022 by the state Legislature and initiated with a Request for Applications in January 2023, the licensing process has endured multiple delays. That includes zoning approvals, Community Advisory Committee sign-offs, and extensive rounds of bidder questions.

After multiple extensions, state gambling regulators ultimately set the deadline to June 27, 2025.

Winners are expected to be announced by the end of the year. They must commit at least $1 billion ($500 million for the license fee plus a minimum investment of $500 million), although all proposals significantly surpass this amount.

While there were around a dozen hopefuls in 2024, four have dropped out. They include Wynn Resorts, Sands Las Vegas, retailer Saks Fifth Avenue, and developer Vornado Realty Trust.

That leaves eight contenders:

• The Avenir
• Caesars Times Square
• Freedom Plaza
• Bally’s Bronx Casino
• Metropolitan Park
• MGM Empire City
• Resorts World New York City
• The Coney

Below is a comprehensive overview of each of the eight applicants, including their plans, backers, and community responses.

Manhattan Contenders

The Avenir

• Developer/Operator: Silverstein Properties (Larry Silverstein’s firm, known for World Trade Center redevelopment) and Greenwood Gaming & Entertainment (operator of Parx Casino in PA).
• Location: 11th Ave in Manhattan, just north of the Javits Convention Center and west of Hudson Yards.

The Avenir will be a 1.7 million-square-foot project comprising two towers, one likely to be residential and the other a casino and hotel.

It will include 600,000 sq ft of gaming space, occupying eight floors and a 1,000-room luxury Hyatt’s Destination hotel. Additionally, it will feature a 1,000-seat concert hall, retail, dining, and public spaces in a “community gallery” along 11th Avenue.

The project will include 100 affordable-housing units, a factor that’s becoming critical for the Manhattan projects. The partners estimate that The Avenir will create 4,000 union construction jobs and 5,000 permanent jobs.

Real estate mogul Larry Silverstein is among the most politically connected people in New York, which could help the project’s cause.

Also, there’s some support in locating a casino close to the Javits Convention Center. Additionally, some individuals who prefer a Manhattan casino might opt for a West Side location over sites like Times Square.

The Avenir faces headwinds as various West Side community organizations and local politicians’ opposition led to Wynn Resorts withdrawing its bid for Hudson Yards.

Elected officials, including State Sen. Brad Hoylman-Sigal, Assembly Member Tony Simone, and Council Member Erik Bottcher, have previously expressed hesitation or opposition to a casino in this area.

Caesars Times Square

• Developer/Operator: SL Green Realty (NYC’s largest commercial landlord) in partnership with Caesars Entertainment and Jay-Z’s Roc Nation.
• Location: 1515 Broadway, Times Square – a SL Green-owned building in the heart of Times Square.

The $4 billion proposal by SL Green, Caesars, and Roc Nation will create a casino right at the heart of Times Square. It will include 2 million sq ft of the 53-story existing building to support a gaming facility, hotel, restaurants, and parking. The Minskoff Theatre will also be renovated.

The project includes eight stories of gaming floor totaling around 380,000 sq ft and a 1,100-room hotel.

The developers are selling the project as an economic booster to the area. They estimate that it will result in 10 million additional visitors. That would generate $800 million in annual retail spending and $105 million in theater ticket sales. The Caesars Palace Times Square partners predict that the project will create 7,000 permanent and 3,000 construction union jobs.

The project faces a sharp division between support and opposition. The developers claim over 200 businesses and organizations support it, including Wyndham CEO Geoff Ballotti.

Recently, it received backing from civil rights activist Rev. Al Sharpton and Ryan Williams, founder of the real estate investment platform Cedre.

The opposition is substantial, too. It includes the Broadway League, IATSE, Sardi’s, The Shubert Organization, block associations, and State Sen. Brad Hoylman-Sigal. They claim the casino will raise crime, gambling addiction, and destroy the theater district.

Freedom Plaza

• Developer/Operator: Soloviev Group partnered with Mohegan Gaming (operator of Mohegan Sun casino)
• Location: Midtown East Manhattan, spanning East 38th to 41st St.

Freedom Plaza is a $11.1 billion development, making this Manhattan bid one of the most ambitious from the eight contenders. Plans for the 6.3-acre project will include a 295,000 sq ft casino and a 1,251-room hotel. Additionally, the development will feature a 56,000 sq ft meeting and conference center and a 41,000 sq ft wellness center.

It will also include a nearly 5-acre park and 1,049 apartments, 513 of which will be affordable housing units.

The partners estimate that Freedom Plaza will create 17,000 full-time and part-time construction and permanent jobs (around 8,000 permanent jobs). Additionally, they claim it will support nearly 40,000 jobs overall throughout the economy. Furthermore, the developers estimate Freedom Plaza will generate $3.2 billion in annual economic output.

A recent poll by Tulchin Research shows that nearly two-thirds of Manhattan residents support the project. The affordable housing units primarily drove that. Additional support comes from a coalition of 22 NYC faith leaders, 32BJ SEIU (a union representing building service workers), and the Hotel Trades Council (a hospitality union).

However, some local organizations and lawmakers are against Freedom Plaza. A 2023 Murray Hill Association survey revealed concerns over traffic, proximity to the United Nations headquarters, and the potential for a casino to be a suitable fit for the area.

State Sen. Liz Krueger (who represents the area in the State Senate) and Assembly Member Harvey Epstein are against the project, while other local officials have shown no support.

Outer-Borough Bids

Bally’s Bronx Casino

• Developer/Operator: Bally’s Corporation
• Location: Ferry Point Park, Bronx, at the former Trump Golf Links site.

Bally’s Corporation plans to build a 3.1 million sq ft complex on the site of the former Trump Golf Links, which it bought from the Trump Organization in 2023.

The project includes 560,000 sq ft of gaming and food and beverage space, a 500-room hotel, a 2,000-person event center, and a 40,000 sq ft golf clubhouse. It will also include a police substation.

Bally’s estimates the cost to be around $4 billion, which it claims is the largest private investment in the Bronx’s history. The company also proposed a “community investment package” of $625 million (the biggest among the eight bids). The funding would go towards community benefits.

However, questions remain whether Bally’s can finance the project. Critics and analysts have raised concerns about the company’s debt-to-asset ratio and its ambitious expansion plans. Still, if selected, Bally’s estimates the complex will create around 1,500 full-time construction jobs and 3,500 permanent jobs.

Bally’s has gotten support from most Democratic leaders in the Bronx. Also, some labor unions have lobbied in favor of the bid. Recently, New York Mayor Eric Adams helped Bally’s bid to advance past the Council vote by issuing a home-rule message.

Opponents of the bid include Councilwoman Kristy Marmarato, a Republican, whose district consists of the potential casino site. Others opposed to it include the local Bronx Community Board 10 and many residents of Throggs Neck and Whitestone. The two communities are located on opposite sides of the bridge in Queens.

Metropolitan Park

• Developer/Operator: NY Mets owner Steve Cohen, in partnership with Hard Rock International.
• Location: Willets Point, Corona, Queens – adjacent to Citi Field.

The $8 billion project will include approximately a 3.7 million sq ft complex, consisting of a 350,000 sq ft casino, a 2,300-room Hard Rock Hotel, a 5,600-seat music hall, and 150,000 sq ft convention space. It will also have a large food hall, nightlife venues, 25 acres of parkland, and community athletic fields.

The partners project over 20,000 union construction jobs and around 15,000 permanent jobs, ranking it among the highest job creators from the bids.

Cohen has actively worked on local outreach efforts and support coalitions in the past few years. His massive plan to revamp the area has gained him support.

Last year, six Queens Community Boards endorsed the project, and Queens Borough President Donovan Richards also provided conditional approval for the plan. Cohen is also a major sponsor of New York Governor Kathy Hochul.

There’s limited opposition to the bid. State Sen. Jessica Ramos was initially opposed to it due to concerns about the loss of parkland and its community impact. She has since softened her stance, but a counter-poll led by her indicated that some residents still oppose the project.

The Coney

• Developer/Operator: A consortium led by Thor Equities.
• Location: Coney Island, Brooklyn – at the heart of the amusement district

The $3 billion project features a 1.4 million-square-foot complex located in the heart of the amusement district, near the historic Wonder Wheel and Cyclone rides.

The development will encompass approximately 430,000 sq ft of gaming space and a 500-room hotel. Additionally, the development will feature a 130,000 sq ft convention center, a 2,500-person event space, retail and food hall areas, and rooftop open spaces.

The developers pitch the project as a year-round destination that will boost the area, which is heavily dependent on the summer season and has a high unemployment rate. They estimate that The Coney will generate 4,500 union construction jobs and 4,000 permanent union jobs.

Additionally, the project is expected to generate $200 million in community trust for local area improvements.

Developers claim to have gathered 10,000 letters of support from residents, including 1,000 from tenants in public housing in the area. Other proponents include the Brooklyn Chamber of Commerce and various union leaders. Former Brooklyn Councilman Robert Cornegy Jr. also backs it, but he’s likely a paid advocate now.

Opponents, including the Central Amusement (Luna Park) and the Coney Island History Project, warned that the casino would damage the historic amusement district. Others opposed to it include Community Board 13, which voted against the land use changes, and Coney Island USA, the organization that runs the sideshow and museum in the area.

Racino Expansions

MGM Empire City

• Developer/Operator: MGM Resorts International, owner of Empire City Casino at Yonkers Raceway.
• Location: Yonkers (a northern suburb of NYC), at the existing Empire City racetrack and casino property.

MGM Empire City will be an expansion of the current Empire City racino in Yonkers. Its owner proposes a $2.3 billion transformation, which will include an expansion of over 800,000 square feet.

The casino floor will comprise 192,500 sq ft of renovated space and 183,000 sq ft of new construction. Additionally, a new 9,500-square-foot BetMGM sportsbook lounge will be available.

MGM will also add a 5,000-seat venue, along with numerous restaurants and bars. Notably, there’s no hotel included in the current plan.
The company estimates the project will create 2,500 construction jobs and around 2,000 additional permanent jobs.

MGM Empire City is considered a frontrunner for one of the licenses by many. That’s because it will require fewer resources to convert to a full-scale casino, and the property already generates tax revenue.

Additionally, it has a large base of support with minimal opposition. Yonkers city officials, including Mayor Mike Spano, support the bid.
Business and civic groups, including the Bronx Chamber of Commerce, Business Council of Westchester, and local nonprofits, have all endorsed MGM’s plans.

Meanwhile, opposition is minimal. Raised concerns from local organizations, such as Southeast Yonkers, include traffic and infrastructure issues.

Resorts World New York City

• Developer/Operator: Genting Group – existing owner and operator of Resorts World NYC at Aqueduct Racetrack.
• Location: Ozone Park, Queens (Aqueduct Racetrack property).

Resorts World New York City is the second racino, which many believe gives it an advantage and makes it a frontrunner. The project, which includes the conversion to a full-scale casino, will involve a $5 billion investment.

The investment includes the addition of 2 million sq ft of new development. It will feature a 350,000 sq ft casino floor and a 1,600-room Crockfords luxury hotel. Additionally, the development will feature a 7,000-seat entertainment arena, 350,000 sq ft of conference space, and approximately 30 new dining and nightlife venues.

Genting would also create the “Aqueduct Park”, a community proposal aimed at spurring an additional $5 billion in investment for housing (including 3,000 Workforce House units), 50 acres of parklands, improved public transportation, and community initiatives.

Genting estimates the expansion will create 5,000 union construction jobs and 5,000 permanent resort jobs.

Notably, Resorts World New York has broad political support. That includes US Rep. Gregor Meeks, State Sen. Joseph Addabbo Jr. (chair of the Senate Racing, Gaming and Wagering committee and longtime iGaming champion), State Sen. Leroy Comrie, multiple Assembly Members, Council Member Nantasha Williams, and the Queens Borough President, Donovan Richards.

Unlike some competitors, there’s no significant opposition to the project.

The post New York Casino Proposals Deadline is Here: What We Know About the Contenders appeared first on CasinoBeats.

On June 11, the New York City Council voted again on whether to advance the company’s casino proposal to the state legislature. Previously, the Council opted not to bring the measure to the floor for a vote. At the time, some council members stated that Bally’s lacked the necessary support to proceed.

For the project to move forward in Albany for consideration, the Council must approve a “home rule” message that would enable the state legislature to rezone the parkland for commercial use.

Mayor Adams’ Support Tipped the Scale

In a last-minute vote, Mayor Adams issued a home-rule message in support of the Bally’s casino proposal. That message lowered the threshold needed for it to pass from a two-thirds supermajority (34 votes) to a simple majority (26 votes).

The Mayor does not sit on any Community Advisory Committees, such as the one that previously approved the Bally’s project. However, his role is influential as he can appoint board members, deliver a home-rule message, and influence the public narrative.

With Adams’ support, the City Council approved the proposal with a 32-12 vote, with seven abstentions. All Democrat Bronx councilmembers, except one who was absent, voted in favor of the Bally’s casino.

However, Councilwoman Kristy Marmarato, a Republican, whose district includes the potential casino site, voted against it.

She commented: “Voting in favor of this sets the precedent that we reward lobbyists and special interest groups when they go around the local representation in local communities. It absolutely will pave the way for a casino to be built.”

Benefiting Trump or a Fair Process?

Adams’ office says his support aims to ensure a fair and competitive casino selection process. A spokesperson for the Mayor said it does not matter which casino bids win one of the three coveted licenses. The important thing is for New York City to secure at least one of them.

Critics, however, argue the vote directly benefits Trump.

Bally’s purchased the golf course at Ferry Point, where the casino would be, from the Trump Organization in 2023. As part of the deal, Bally’s will pay the Trump Organization $115 million if it wins a license.

Adams’s show of support for the project has sparked speculation about whether the move was intended to benefit Trump, given their recent history.

Earlier this year, the Department of Justice dropped the criminal charges brought against Adams by the Biden administration. Those charges included wire fraud and bribery.

The Mayor has met with the president on a few occasions since the 2022 elections. Adams has repeatedly declined to criticize or speak negatively about Trump.

Adams’ spokesperson, however, denies that the Mayor’s support of the Bally’s casino project has any connection to Trump.

City Council Also Reviewed Coney Island Casino Proposal

While Bally’s bid moves forward, the City Council reviewed another casino application. On June 12, the Council’s Land Use & Zoning Subcommittee held a hearing regarding “The Coney”, a casino proposal in Coney Island.

The project is looking to “de-map” parts of Bowery Street (essentially close a portion of it). It also aims to acquire air rights to construct pedestrian bridges between buildings.

Both supporters and opponents testified in the meeting. Supporters highlighted the creation of 4,000 permanent jobs and 4,500 construction jobs. Additionally, the project will generate $200 million in community trust for local area improvements.

Opponents, including the Central Amusement (Luna Park) and the Coney Island History Project, warned that the casino would damage the historic amusement district.

The subcommittee did not vote on the project. It will continue to deliberate, and if it approves the zoning changes, the Coney will need Council approval before moving to the state.

The post NYC Mayor’s Support Helps Bally’s Casino Project Clear City Council Vote appeared first on CasinoBeats.

On June 9, the operator posted on X: “We wanted to inform you about some important changes regarding Resorts World Bet. We encourage you to take action on any outstanding wagers or withdrawals before these dates to avoid any disruptions.”

The exit may not come as a surprise to those following the market closely. Resorts World Bet ranks last among the nine online sportsbooks in the Empire State in terms of revenue.

In May, it reported $10.5 million in handle and $376,410 gross gaming revenue. For the rolling year, the sportsbook’s handle was $89.6 million, and the revenue was $6.4 million. In comparison, market leader FanDuel reported $803 million in handle and $108.9 million in revenue for the month of May alone.

Resorts World’s May results give them approximately 0.48% of the New York sports wagering market share by handle, and just 0.15% by GGR. Given the significant cost of operating in the Big Apple, it would take considerable marketing spend to begin to attempt to steer the operator to a stronger position. This is clearly not a part of the company’s sports betting strategy moving forward.

Who Can Replace Resorts World Bet in NY?

New York is the largest sports betting market in the US. In May, sportsbooks set a monthly record of $248.9 million in gross gaming revenue, beating the previous record set in January. For the rolling year, the nine sportsbooks have generated $2.14 billion in revenue.

Despite a hefty 51% tax, the joint-highest in the US, New York has attracted most of the major operators, including FanDuel, DraftKings, BetMGM, and Caesars.

It’s unclear whether Resorts World Bet would look to sell its license, but if it does, interest from other operators is likely.

A potential suitor could be the global giant Bet365. The British-based operator entered the US in 2019 and took a slow expansion approach until 2022. However, with a more aggressive strategy, it’s now live in 13 states. Hard Rock Bet could also emerge as a potential candidate.

If someone acquires the Resorts World Bet license, it won’t mark a precedent for the market. In 2024, Penn Entertainment’s ESPN Bet took over the WynnBet license after the latter decided to shut down.

Previously, Fanatics Sportsbook entered the market after acquiring PointsBet for $225 million.

No Change of Plans in Genting’s Downstate NY Casino Plans

The Resorts World Bet shutdown will not impact parent company Genting Group’s plans for a full casino license in the state.

The Malaysia-based gambling company operates the Resorts World New York racino in Queens, which is among the candidates for one of three downstate New York licenses.

The property and MGM Resorts’ Empire City Casino in Yonkers are considered by many to be the two frontrunners. They are already operational and would require fewer resources to convert into full-scale casinos.

The competition for the licenses is tight. Even though the initial licensing would cost $500 million and require an additional investment of at least $500 million, there are plenty of suitors.

That includes Manhattan projects like Soloviev Group and Mohegan Gaming’s Freedom Plaza, as well as Caesars Entertainment and SL Green Realty’s Times Square casino.

Another high-profile bid comes from Mets owner Steve Cohen and Hard Rock International. The partners plan to build an $8 billion casino project near Citi Field in Queens. Meanwhile, Bally’s Corporation plans to build a casino in the Bronx. However, the project has hit a roadblock due to permitting issues.

License applications are due by June 27, and the state anticipates making a decision by December.

The post Resorts World Bet to Stop Accepting Wagers on June 16, Exit New York on June 30 appeared first on CasinoBeats.

A recently conducted poll by Tulchin Research shows 64% support for the project on Manhattan’s east side next to the United Nations headquarters. Among those living in the Midtown East neighborhood (where the project will be built), there is 57% approval.

The high approval rating is driven by respondents’ overwhelming support for more affordable housing units (91%) and parks and green spaces (83%).

In addition to a casino, the project will feature permanent housing, including 513 affordable units. There will also be a 4.7-acre publicly accessible green space.

The Freedom Plaza project is one of several hopefuls to receive one of three downstate New York casino licenses. The process, which started in 2022, is nearing a crucial point with applications due on June 27. Expectations are for a decision in December.

Freedom Plaza, New York, Project Details

According to its website, Freedom Plaza will bring “unparalleled benefits to the neighborhood.” Plans for the 6.3-acre project from 38th to 41st Street east of First Avenue include:

• 295,000 sq ft. casino
• 1,251 hotel rooms
• 1,047 apartments (513 affordable housing units)
• 4.7-acre park
• 56,000 sq. ft. meeting and conference center
• 41,000 sq. ft. wellness center
• 1,456 parking spots (20% EV)

Freedom Plaza will also bring 8,000 union-backed permanent jobs and nearly $1 billion in tax revenue. The project also plans to reinvest at least $5 million annually to support civic and social-service initiatives.

Opposition and Withdrawals of Other Manhattan Casino Proposals

In addition to a favorable opinion among residents, Freedom Plaza claims to have the backing of 26 leading labor organizations and workforce development partners. The support is a contrast from other Manhattan casino proposals, some of which have already withdrawn.

Last month, Wynn Resorts ended its pursuit of a $12 billion casino project in the Hudson Yards neighborhood. Wynn cited local opposition and rezoning issues as the primary factors for its withdrawal.

Opposition to the project came from several local organizations, such as Friends of the High Line and Community Board 4. Lawmakers, including New York City Council Member Erik Bottcher, also opposed the Hudson Yards casino project.

Two other Manhattan casino hopefuls have also withdrawn. In April, retailer Saks Fifth Avenue decided not to pursue opening a casino above its flagship store. Meanwhile, last fall, developer Vornado Realty Trust ended its pursuit of a casino near Madison Square Garden and Penn Station.

There’s still one more Manhattan project that hopes to get one of the licenses. Caesars Entertainment and developer SL Green Realty, backed by rapper Jay-Z’s Roc Nation, plan to build a casino in Times Square.

The project has gathered support from union and entertainment industry representatives, but faces opposition from others, like the theater industry.

According to speculations, some local politicians believe that a Manhattan casino could be a challenging project to implement.

Many Suitors After the Three New York Casino Licenses

Whether New York will have a Manhattan casino is yet to be seen. There’s a tight competition for the three licenses, which will cost $500 million.

Two strong frontrunners are Resorts International’s Empire City Casino in Yonkers and Genting’s Resorts World New York in Queens. Both are operational racinos, which already contribute to tax revenue and would easily convert to full-scale casinos.

Another prominent contender that has already received approval from the New York Assembly is an $8 billion casino project near Citi Field in Queens. Mets owner Steve Cohen and Hard Rock International back the project.

In contrast, another gambling giant, Bally’s Corporation, recently hit a roadblock as the New York City Council declined to vote on advancing its Bronx casino project. The company still has time, but the window is closing.

Meanwhile, last month, the New York City Planning Commission approved plans for a 1.3 million-square-foot casino complex in Coney Island. Thor Equities and many partners are behind that project.

The post Poll Reveals Strong Support Among Manhattan Voters for Freedom Plaza New York Casino Project appeared first on CasinoBeats.

The Council, led by Speaker and mayoral candidate Adrienne Adams, opted not to bring the measure to the floor for a vote. 

For the casino proposal to move forward in Albany for consideration, the Council must approve a “home rule” message that would enable the state legislature to rezone the parkland for commercial use.

Bally’s purchased the golf course at Ferry Point from the Trump Organization in 2023. The company then renamed it Bally’s Golf Links at Ferry Point. 

It aims to construct a 500,000-square-foot casino on the site. Additionally, a 500-room hotel, an event center, and retail shops will be available.

The Bally’s casino project is one of nearly a dozen hopefuls vying for one of three casino licenses in the New York area. While the license will cost $500 million, the potential economic windfall has attracted interest from major gaming giants. 

Caesars Entertainment, MGM Resorts, Hard Rock International, and Mohegan Gaming are all interested in the license. 

The next Council meeting will be on June 11. However, if it approves the project, Bally’s will have little time as license applications are due June 27.

Bally’s Chairman Blames Political Motives for New York Decision

If Bally’s wins one of the casino licenses, it will pay the Trump Organization an additional $115 million as part of the deal. 

As a result, Bally’s Chairman Soo Kim believes there is a “whisper campaign” by lobbyists from rival bidders to create anti-Trump sentiment among New York lawmakers. 

Kim told the New York Post: “They’re saying, ‘If Bally’s wins, Trump benefits.’ That’s crazy.”

Kim says the project will benefit the Bronx as it will bring $600 million in community benefits and jobs. 

The company has also allowed residents to invest in up to 10% of the casino. Additionally, it has committed to allocating at least 1% of its gross revenue to local programs.

Without the Council’s approval, the project cannot move forward, and the city would lose that money.

Stiff License Competition and High-Profile Exits

Bally’s frustrations come soon after the New York Assembly approved the $8 billion casino project plan by Mets owner Steve Cohen and Hard Rock International.

Meanwhile, a rival bid by Caesars Entertainment for a Times Square Casino has gathered support from union and entertainment industry representatives. However, some point out that a Manhattan casino could be a difficult plan to realize.

Many local leaders and civil organizations have opposed various proposals in the heart of the city. That led a few casino hopefuls to drop out of the race. Most recently, Wynn Resorts ended its pursuit of a $12 billion casino project in the Hudson Yards neighborhood.

Earlier this year, plans for a casino above Saks Fifth Avenue were shelved. A plan for a casino near Madison Square Garden and Penn Station was also axed. Outside Manhattan, a surprise dropout was also Sands Las Vegas, which planned a Long Island casino.

The exits still leave several active applicants. Two are considered frontrunners: MGM Resorts International’s Empire City Casino in Yonkers and Genting’s Resorts World New York in Queens. Both are existing racinos that could easily convert to full-scale casinos.

Other proposals include Thor Equities’ bid for Coney Island. There is also the Soloviev Group and Mohegan Gaming and Entertainment’s Freedom Plaza project, situated adjacent to the United Nations headquarters.

The post New York City Council Delays Vote to Advance Bally’s Casino Project in the Bronx appeared first on CasinoBeats.