Like its namesake substance, Las Vegas Sands wants to get everywhere. On Thursday, the gambling corporation announced that it will submit a bid for a New York casino license, focusing its efforts on a tract of land on Long Island.
The announcement lists a proposed site for the casino should Sands gets a license but many other details are still unknown. Las Vegas Sands needs to move quickly to rally community support to upstage competitors for a coveted license.
Another contender for a New York casino license
At some point this year, several of the companies currently vying for a downstate New York casino license will be left with nothing to show for the expense of submitting bids for one of those licenses. It’s simple math.
New York only has three such licenses to award. Two of them are unofficially already spoken for as well.
The points system the state established to award these licenses gives “racinos” (race tracks that offer slot machines) Empire City Casino and Resorts World New York City a substantial leg-up on the competition for a license due to their long-running presence in New York.
That leaves just one license to grant between multiple bidders like Caesars and Thor Equities. Now add Las Vegas Sands to the mix.
According to a Thursday press release, Las Vegas Sands is ready to execute a lease of the current Nassau Veterans Memorial Coliseum. Additionally, the company has an option for up to 80 acres of adjacent land in Nassau County.
Using those assets, Las Vegas Sands lists an ambitious project in line with already publicized bids. Thursday’s announcement lacks one element that Sands’ competitors have already broadcast about their submissions, however.
Las Vegas Sands plans multi-use development
The press release goes on to state a comprehensive agenda for the Nassau Veterans Memorial Coliseum and the surrounding area. Aside from the implied casino, other facets of the development would include:
- Live entertainment venue
- Convention space
- Health club
- Outdoor community spaces
Las Vegas Sands touts that its development would employ thousands of people in the area on both a permanent and temporary basis. For all that the announcement boasts, though, what it’s currently short on is the support of well-known figures in the industry.
For example, Caesars’ Times Square bid incorporates the likes of Jay-Z’s Roc Nation and a local coalition of businesses. Thor Equities’ plan for Coney Island boasts the collaboration of the Chickasaw Nation and Saratoga Casino Holdings.
New York Mets owner Steven Cohen has been connected to Las Vegas Sands on the matter of a licensing bid. However, that was for a facility in Queens adjacent to Citi Field, not on Long Island. Thursday’s release makes no mention of Cohen or any other people of similar notoriety.
With Sands’ resources, though, it is probably just a matter of time before it trots out its lineup of local partners and high-profile collaborators. At the very least, Las Vegas Sands has notified the competition that it is serious about a New York casino.