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- Jan 17, 2008
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'Source - GamingAmerica
NYC's Nassau County has signed a preliminary 99-year lease with Las Vegas Sands for potentially development of a casino resort.
Though Las Vegas Sands has exited Las Vegas, it could have a chance to debut in New York City. The casino operator signed a
99-year lease agreement for development on the Nassau Veterans Memorial Coliseum site, which could include a casino.
Nassau County’s 80-acre site in Long Island is one of several downstate properties vying for a casino license in the Empire State,
though only three licenses are available. Sands Chairman and CEO, Rob Goldstein, and Nassau County Executive Bruce Blakeman
explained that this lease is the first step in Sands’ bid to apply via the New York’s Gaming Facility Location Board (NYGFLB).
In January, when it was decided that three gaming licenses would be awarded, Sands stated that it would create community spaces,
four-to-five-star hotel rooms and a performance venue along with a casino in Long Island. However, a 19-member Nassau
County Legislature must approve of the development plans.
On May 22, the issue is scheduled to be addressed with this legislative committee. If the Nassau County Legislature approves t
he lease agreement, Sands still needs to bid – and compete against operators like Mohegan, Caesars, Wynn Resorts and
Hard Rock International, among others.
Casino gaming is currently planned to represent less than 10% of Sands’ overall resort and development,
but it still must apply for a license through the NYGFLB.
Goldstein said, “Our company’s track record of driving significant economic benefits to communities in which we operate,
and the meaningful relationships and partnerships we have created in each, gives us a unique perspective on what it takes
to develop transformative tourism destinations that positively impact the local community.”
NYC's Nassau County has signed a preliminary 99-year lease with Las Vegas Sands for potentially development of a casino resort.
Though Las Vegas Sands has exited Las Vegas, it could have a chance to debut in New York City. The casino operator signed a
99-year lease agreement for development on the Nassau Veterans Memorial Coliseum site, which could include a casino.
Nassau County’s 80-acre site in Long Island is one of several downstate properties vying for a casino license in the Empire State,
though only three licenses are available. Sands Chairman and CEO, Rob Goldstein, and Nassau County Executive Bruce Blakeman
explained that this lease is the first step in Sands’ bid to apply via the New York’s Gaming Facility Location Board (NYGFLB).
In January, when it was decided that three gaming licenses would be awarded, Sands stated that it would create community spaces,
four-to-five-star hotel rooms and a performance venue along with a casino in Long Island. However, a 19-member Nassau
County Legislature must approve of the development plans.
On May 22, the issue is scheduled to be addressed with this legislative committee. If the Nassau County Legislature approves t
he lease agreement, Sands still needs to bid – and compete against operators like Mohegan, Caesars, Wynn Resorts and
Hard Rock International, among others.
Casino gaming is currently planned to represent less than 10% of Sands’ overall resort and development,
but it still must apply for a license through the NYGFLB.
Goldstein said, “Our company’s track record of driving significant economic benefits to communities in which we operate,
and the meaningful relationships and partnerships we have created in each, gives us a unique perspective on what it takes
to develop transformative tourism destinations that positively impact the local community.”
