New York Yankees Bid for Coney Island Casino


The competition is about to start – and all the interested sides are determined to win 

New casino in New York:  

New York City is about to get one more casino, and many are interested in betting for the newest license. The casino will be placed on Coney Island, a famous Brooklyn neighborhood.   

Among the ones who are ready to roll the dice on the casino are the New York Yankees.  

A group of many investors will bid for a casino. The plan for this casino was announced on Tuesday, and the public and media are very excited about this news.   

This bid is only the latest in a streak of interesting events when it comes to the New York gambling scene. Three remaining casino licenses have caught the eye of investors, who are prepared to invest great money in the New York casinos.   

Interestingly, all three of them are on track to win the award in New York City the next year.   

The investors:  

There are many famous names among the investors: Saratoga Casino Holdings is well-known because of its major racetrack casino north of Albany. The Chickasaw Nation has a very interesting story: it is actually a Native American tribe that leads many different casinos across the whole country.   

One of the investors is Thor Equities, the owner of the land on which the casino will be built.  

Also, there are the Legends, who retain minority ownership stakes. The Legends consist of Dallas Cowboys and New York Yankees affiliates who opened the company as co-founders.   

What does the Legends’ appearance on the scene mean for the casino? Well, the most important fact is that the Yankees and New York Mets will stand face-to-face in this battle for the casino license. So, it is expected that the competition will be fierce – and, surely, uncertain.  

Steve Cohen, the owner of the Mets, is in negotiations with Hard Rock and may be bidding for a casino at Willets Point. The location of this casino is near Citi Field, the famous Met’s home.  

Bill Rhoda, the president of Legends Global Planning, said: “This incredible resort will be a world-class entertainment destination, with gaming, a variety of restaurants, and entertainment for locals and tourists year-round.”  

Currently, there are two racetrack casinos in New York: Resorts World New York City in Queens and Empire City Casino in Yonkers. It is expected that both of the casinos will bid – which would help them expand and draw the players who enjoy table games and sportsbooks to their chambers.  

The listed bids are not the only expected: Wynn Resorts and Related Companies will also possibly bid. A casino at Hudson Yards has caught its eye.  

Also, it is expected that SL Green and Caesars will bid because it’s known that they are interested in building the casino at 1515 Broadway in Manhattan.  

The bidding for casino licenses is supposed to begin in January next year.   

Source: Read Full Article