Las Vegas Strip Casino Operators Eye Something New (and It's Huge)
New York City has state approval for two casinos. MGM, Caesars and Wynn Resorts are in the mix for the licenses. Hard Rock International, owned by Florida's Seminole tribe, might vie for a casino license. i.e. the Westchester Empire Casino. It is a property just outside New York that currently has video slot machines.
The State of New York has moved forward with plans to allow two full casino licenses in the greater New Yorkers. The minimum license fee is $500 million. New Yorker's have a dense population and tourist attraction. Resorts World has a limited casino license for its property in Queens. Councilwoman Nantasha Williams supports Resort World's bid for a full license. It would create hundreds of good-paying union jobs in an area that needs it most.
Caesars is considering a New York license, but CEO Tom Reeg doubts it's worth the investment. He doesn't rule out the possibility of building a casino, though. He would be interested in talking to a manager with 65 million reward members and powerful brands. The company is unlikely to make a material investment into New Yorkers land based. It's possible that others might see a different view.