Las Vegas Sands Corp, a U.S. casino operating company that is the parent company of Macau-based gaming company Sands China Ltd, says it will push for a multibillion-dollar commercial casino license in downtown New York, the U.S.
The New York State Gaming Board recently began the application process for three game licenses in downtown New York. Las Vegas Sands said in a press release on Thursday that it is "willing to pursue a flagship multi-billion dollar hospitality, entertainment and casino project on Long Island, New York."
"The Company has now entered into a long-term lease on the site where the Nassau Veterans Memorial Coliseum is located[Picture] "These deals, which still require certain approvals, will give the company control over up to 80 acres (32.4 hectares) in Nassau County, New York," the company added. In addition to managing the Macau operator Sands China, Las Vegas Sands also operates the Marina Bay Sands casino resort in Singapore. 경마사이트프로
If successful, the project will mark Las Vegas Sands' return to the U.S. gaming market. In February last year, the group completed a $6.25 billion sale of its Venetian resort in Las Vegas, Nevada. At the time, the company said it was "focused on reinvestment in Asia and high growth opportunities in new markets." "We strongly believe Long Island can be home to great entertainment and hospitality development in the region," the announcement said Thursday, citing Rob Goldstein, chairman and chief executive officer of Las Vegas Sands
The group's proposals will include "outdoor community spaces, four or five-star hotel rooms, and world-class live venues." Other amenities include casinos, spas, swimming pools and fitness centers, and a variety of other entertainment products that "are planning to cover less than 10% of the total area of the project." The complex will also feature "flexible meeting and convention spaces, including celebrity chef's restaurants, hands-on events and venues, and ballrooms," the company added.
Large game operators operating in Asia are among those that have been linked by analysts to New York Downstate license bids or have previously expressed direct interest. These include Malaysia's Genting Group, MGM Resorts International, which manages Macau's operator MGM China Holdings Ltd, and Win Resorts Ltd, the parent company of Win Macau Ltd. In September last year, Wynn Resorts announced that it had partnered with U.S.-based real estate company Related Companies LP to bid to develop a casino resort in the undeveloped western part of Hudson Yards, New York City.