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Casino
June 26, 2023
Silverstein and Greenwood Enter the Race for a New York Casino License
Leading real estate development and investment firm Silverstein Properties, and Greenwood Gaming and Entertainment, a prominent casino operator, have announced their intentions to bid for a commercial casino license in downstate New York. The collaboration between these two companies brings them in direct competition with other high-profile operators hoping to obtain one of the limited […]
Casino
June 19, 2023
Developer Defends Controversial Coney Island Casino Project
The company estimates its casino resort would bring approximately 4,000 jobs to the area along with other economic benefits. However, many locals have rallied against the project, concerned about the social costs inherent in a high-profile gambling venue. Such ongoing controversy may affect the planned casino’s chances of obtaining one of the limited New York […]
Industry
June 16, 2023
New York: Seneca Nation Gaming Compact Raises Concerns
The Seneca Nation is planning the renewal of its gaming compact with New York State and the negotiations continue to gain traction. Previously, the compact received the approval of the state Senate, yet, the Assembly would also need to vote and possibly approve the gaming compact. In light of this, lawmakers from Rochester recently met […]
Legal
June 15, 2023
MGM Disputes Accusations of Exploiting New Yorker’s Gambling Addiction
MGM Resorts International is refuting allegations made by Sam Antar, a New York City man who claims that MGM took advantage of his gambling addiction. MGM argues that Antar is a convicted fraudster who has victimized multiple individuals in the past and is now attempting to falsely accuse the company. MGM Resorts Files Response and […]
Industry
June 12, 2023
New York Sports Betting Revenue Surges in May
The latest figures from the New York State Gaming Commission reveal a remarkable $151.9 million in revenue, demonstrating the robust demand for sports betting and the enduring engagement of local bettors. The sector’s substantial momentum indicates a market that still has the potential to grow as operators consolidate their positions and fight the competition despite […]
Casino
May 30, 2023
Related Companies Hints $10bn Downstate New York Casino Plan
Seeking to expand gambling in New York, the state confirmed plans for three downstate casinos earlier this year. The competition is fierce, given that only three licenses are planned but two of them are likely to be secured by existing racinos. This means that it is quite likely major gambling industry players to compete for […]
Casino
May 26, 2023
Tom Reeg: Caesars Palace Times Square Is a “Worthwhile Prize”
Tom Reeg, Caesars Entertainment’s chief executive officer, provided some interesting insights into his company’s plans for a Times Square casino. In an interview with Tara Rosenblum, a News 12 senior reporter, Reeg talked about what will make the property so special. Caesars’ bid for a Times Square casino comes as New York plans to provide […]
Casino
May 24, 2023
Las Vegas Sands Secures 99-Year Lease for New York Casino
Amid the growth of sports betting and its ongoing statewide expansion, New York recently unveiled plans to expand further its gambling options by introducing three downstate casinos. The ambitious project immediately captured the attention of gambling industry giants such as Bally’s, Caesars, Mohegan, as well as Las Vegas Sands. Now, a new report by NBC […]
Casino
May 19, 2023
Cohen Reluctant on Signing Parking Deal with NYCFC Because of Casino Ambitions
Steve Cohen, an American hedge fund manager and owner of the New York Mets MLB franchise, has refrained from signing a deal with New York City FC to share a certain 50-acre parking lot. The billionaire, who is planning to use the land for a future casino, has not agreed to a deal that would […]
Casino
May 11, 2023
Jay-Z’s Roc Nation Turns to New Yorkers for its Times Square Casino Bid
Roc Nation, the service entertainment agency founded by Jay-Z, turned to the people of New York City to promote its bid to build a casino on Times Square. New Destination Will Benefit Everyone Roc Nation addressed the public in an open letter on Thursday, seeking to provide details about its bid for a new gaming […]
