Vegas In New York: Las Vegas Sands ‘Continue To Be In The Hunt’ To Build Casino In NY

Written By Mike Mazzeo on April 28, 2022
las vegas sands new york casino rob goldstein

CEO Rob Goldstein reiterated Las Vegas Sands’s desire to obtain a coveted license for a casino in New York City during an earnings call on Wednesday.

“New York has been on our radar for a long time. We continue to be in the hunt there. I don’t want to get into specific boroughs, locations. I think that’s proprietary. But we remain interested. I think it’s a huge market for us. We’ve been very clear about that in the past. The process has quite a long way to go.”

Sands has been active in the NYC casino marketplace.

New York Mets owner Steve Cohen engaged in exploratory talks with Sands about the possibility of a casino next to Citi Field.

In late March, the New York Times reported that Goldstein met with NYC Mayor Eric Adams’s chief of staff, Frank Carone. Adams said he’d like for two of the three downstate casino licenses to end up in New York City.

Goldstein has expressed a willingness to pay a significant amount in licensing fees for the right to build new construction in The Big Apple. The minimum licensing fee for a downstate casino will be $500 million, as per the language of the budget bill that Gov. Kathy Hochul signed into law.

Others in the New York casino license race

Other large casino corporations like Hard Rock, Wynn and Bally’s have also been aggressive in displaying their interest.

Video lottery terminals Resorts World NYC (Queens) and MGM Empire City (Yonkers) are the perceived favorites to secure a license, largely due to speed to market.

Any entity would have to find a location that passes through the siting and zoning process. Local input would also be necessary.

Photo by AP file photo
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Mike Mazzeo

Mike Mazzeo is the Lead Writer for PlayNY, arriving after covering several of New York's professional sports teams in a variety of roles for the past decade. Previously, he served as a beat writer and columnist covering the Brooklyn Nets (ESPN) and New York Yankees (New York Daily News). Mike also covered both the MLB and NBA nationally for Yahoo Sports. In addition, he served as a general assignment reporter for ESPN NewYork.com. He has also had bylines in the New York Times, New York Post, Newsday, Forbes and The Ringer. With PlayNY, Mike brings extensive coverage and unique story angles to what is projected to be one of the biggest and most lucrative online sports betting markets in the country. It's been an arduous and confounding process to get here, but 20 million New Yorkers (many of them die-hards) are now legally able to bet on their favorite sports teams across the state via online and mobile platforms.

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