Las Vegas Sands Corp has announced it will apply for a commercial casino license in downstate New York. The Nevada-headquartered casino and hotel operator confirmed in a press release plans for the development of a “multi-billion-dollar flagship hospitality, entertainment, and casino project” on Long Island, New York.
Las Vegas Sands to Build Integrated Resort on Long Island
The proposed integrated resort would be built on an 80-acre lot at the same site where the Nassau Veterans Memorial Coliseum is currently located. The mega project would include a casino that would take up no more than 10 percent of the total area.
Additionally, the complex would feature a world-class live performance venue, four- and five-star hotel rooms, a flexible meeting and convention area, celebrity chef restaurants, and outdoor community spaces. Other facilities include a spa, and a swimming pool and health club.
Intense Competition For License
Las Vegas Sands, which owns Macau casino operator Sands China Ltd and the Marina Bay Sands in Singapore, is just one of the major gaming operators with operations in Asia that have either announced plans to pursue a casino license in downstate New York or have been speculated to join the bidding process.
Wynn Resorts Ltd, the parent company of Wynn Macau Ltd, is also expected to be among the bidders, as are MGM Resorts International and Malaysia’s Genting Group, both of which already have existing gaming operations in New York.
Up to three commercial casino licenses have been approved for New York. The application process is now open.
