• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 10 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Las Vegas Sands to pursue IR development on New York’s Long Island

Ben Blaschke by Ben Blaschke
Fri 13 Jan 2023 at 04:45
Las Vegas Sands to pursue IR development on New York’s Long Island

Nassau Veterans Memorial Coliseum in Long Island, New York.

31
SHARES
782
VIEWS
Print Friendly, PDF & Email

Las Vegas Sands Corp has announced its intention to pursue development of a multi-billion dollar integrated resort with a casino on New York’s Long Island.

The company revealed overnight that it has entered into agreements to purchase the long-term lease of a site that is currently home to the Nassau Veterans Memorial Coliseum. If approved, LVS would control up to 80 acres. This follows the recent release of the New York State Gaming Commission’s Request for Application for three downstate New York gaming licenses.

“Our company’s track record of driving significant economic benefits to the communities in which we operate and the meaningful relationships and partnerships we have created in each of those communities gives us a unique perspective on what it takes to develop transformative tourism destinations that positively impact the local community,” said LVS Chairman and CEO, Robert Goldstein.

“Based on that experience, we strongly believe Long Island can be home to one of the region’s great entertainment and hospitality developments.

“Our announcement today is only the first part of this journey. Our ability to put forward a compelling and competitive proposal will only succeed if we engage with the Long Island community and, in collaboration, develop a proposal that reflects the input of all those involved.”

The proposed Long Island development would include outdoor community spaces, four and five-star hotel rooms and a world-class live performance venue honoring the long legacy of live music at the Nassau Coliseum, LVS said. It would also feature celebrity chef restaurants, experiential events and venues, flexible meeting and convention space, including ballrooms, a luxurious day spa, swimming pool and health club, and a variety of other entertainment programming. The casino, LVS stated, would represent less than 10% of the project’s total square footage.

“Our proposed project would be designed to produce tens of millions of dollars in tax revenue for the local community on an annual basis, potentially offering property tax relief for residents. The project would also provide a lift for local businesses through a robust procurement program and support a broad range of community organizations and causes.

“Long Island has always attracted entrepreneurial businesses, and in this case, it would be creating an entirely new industry for the region. The breadth and depth of the job opportunities created from this development, including many with no prior experience or minimum education requirements needed, are unlikely to be matched by any other proposal the state receives.

“We will offer a wide range of career paths and professional advancement and training programs working in partnership with trade schools, community colleges, local universities and other institutions.  Career advancement will be possible and prioritized for all our team members.”

Should LVS prove successful in its bid to win one of the three downstate New York casino licenses on offer, it would represent the company’s return to US shores after selling off its Las Vegas assets, comprising The Venetian, Palazza and Venetian Expo, last February for US$6.25 billion.

LVS said at the time that it was focusing its efforts on Asia instead, although it also noted it would continue to explore opportunities both domestically and abroad.

As reported by IAG, Genting Malaysia and MGM Resorts are seen as early favorites to win full New York casino licenses given that they already operate slots-only casinos in the area.

RelatedPosts

MGM’s Hornbuckle bullish on “unique” Macau as China stimulus uncertainty sees gaming stocks dive

MGM’s Bill Hornbuckle extends employment contract through end-2028

Fri 9 May 2025 at 06:34
Grand Korea Leisure extends casino closures until 15 February

Grand Korea Leisure’s casino revenues up to US$26 million in April

Thu 8 May 2025 at 07:03
Guiding light

Light & Wonder maintains year-on-year growth trajectory in 1Q25 on strength of US and Australia gaming markets

Thu 8 May 2025 at 06:45
Wynn Resorts Chairman says departing CEO Maddox keen to explore non-gaming career opportunities

Wynn wary of returning to Japan amid talk of second IR bidding round

Wed 7 May 2025 at 06:12
Load More
Tags: casinocasino licenseintegrated resortLas Vegas SandsLong IslandNassau Veterans Memorial ColiseumNorth America
Share12Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

by Pierce Chan
Sat 10 May 2025 at 09:20

Galaxy Entertainment Group (GEG) has announced the appointment of Eileen Lui Wai Ling – the company’s current Group Director of Human Resources and Administration and sister of Chairman Francis Lui – as an Executive Director with effect from 9 May...

Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

by Newsdesk
Sat 10 May 2025 at 08:48

The Asian gaming industry celebrated in style on Thursday night as they came together for the biggest edition of The Industry Party yet. Held at Vista at MGM Cotai on the second evening of G2E Asia, around 400 people enjoyed...

Japan Credit Rating Agency affirms Konami’s A+ rating due to “high earning capacity”

Stability in Australia, North America drives 7.4% revenue growth for Konami’s gaming segment in FY25

by Newsdesk
Fri 9 May 2025 at 06:48

Global gaming supplier Konami reported a 7.4% increase in revenue in its Gaming & Systems segment to JPY42.7 billion in the year ended 31 March 2025, with operating profit up by 16.3% to JPY7.3 billion, according to financial statements published...

MGM’s Hornbuckle bullish on “unique” Macau as China stimulus uncertainty sees gaming stocks dive

MGM’s Bill Hornbuckle extends employment contract through end-2028

by Ben Blaschke
Fri 9 May 2025 at 06:34

MGM Resorts CEO and President Bill Hornbuckle has renewed his employment contract with the company through to the end of 2028, after which time he will assume an advisory role to assist with the pre-opening phase of its US$9 billion...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English