As the competition for three downstate New York casino license heats up in advance of regulatory and licensure hearings in July, a proposal including a Wynn-branded casino, to be built in the under-construction Hudson Yards complex in midtown Manhattan on the Hudson River's eastern shore, has emerged as one of the likely favorites.
A recent New York Post report offers some detail on the proposal, which is headed by venture-development firm Related Companies. Related would partner with Wynn Resorts on the casino portion of the ongoing Hudson Yards development. The 28-acre site is already home to several new and under-construction office towers in addition to space planned for the proposed casino.
The revised bid for one of the three licenses also includes plans for a 1,700-room skyscraper hotel, which would also serve venues such as the nearby Jacob Javits Convention Center, and it's part of a $10 billion project being pitched to the state.
Two of the three NYC-area licenses that New York's regulators will award are expected to go to existing racino operations in Yonkers and at Aqueduct. (Genting/Resorts World and the MGM-controlled Empire City operate those two properties, respectively.) That leaves other groups battling to put together attractive development packages for the remaining license. According to the Post, the Wynn-branded casino shares the inside track with Venetian owner Las Vegas Sands Corp., which hopes to build a casino on Long Island near the Nassau Coliseum.
