![]() “Think about the close proximity of the number of people with an average income twice the national average. “The market is going to be huge,” said Marcus Threats, a senior associate with Marcus & Millichap’s hospitality practice. (MGM Resorts International is still operating the casino.) So does VICI Properties, which acquired Empire City Casino in Yonkers from MGM last year for $17.2 billion. The Genting Group, which owns Resorts World Casino and Aqueduct Racetrack in Ozone Park, Queens, and opened a Hyatt Regency hotel on its site last August, wants to upgrade its “racino” to include table games with live dealers. New York law allows for three casinos downstate, but two licenses will almost certainly go to existing casinos in Yonkers and Queens. Those entrusted with such decisions offer a resounding no, much to the chagrin of property owners and casino operators. Several sites in Queens, Brooklyn, Staten Island and Nassau County have been floated as potential locations for a new casino, but the promised land to gaming industry veterans remains Manhattan, according to the Commercial Observer. Gaming operators, developers and hedge fund behemoths are going all in. ![]() ![]() When talking about the casinos downstate in New York, the subject of Manhattan always comes up. But according to lawmakers, Manhattan has little or no support for a casino in town, no matter how opulent. Many Manhattanites relish the opening of a new restaurant, piano bar, or the arrival of a new play. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |