NY Mayor Eric Adams’ administration is shaking things up with proposed changes to the city’s zoning laws, creating a buzz among potential casino operators and residents alike. Continue reading more below to learn the latest news in NY casino news!
What’s Changing for Casinos in NYC?
Previously, New York City’s zoning laws didn’t mention casinos, leaving them in a grey area. Now, the Adams administration proposes to clarify this, allowing casinos to be located in most commercial and manufacturing districts. This move aims to level the playing field against surrounding suburbs like Nassau County, which is already in the race with a Sands casino project at the Nassau Coliseum site.
Dan Garodnick, the Director of the Department of City Planning, emphasized the importance of these changes. He said, “As the state considers proposals for casinos downstate, it’s crucial to create a level playing field for applicants within New York City.” This approach is set to streamline the process, linking city approvals to the state-level licensing process.
A Game Changer for City’s Landscape
- Casino Giants in the NY Mix: Renowned groups like Caesars, Wynn Resorts, and MGM Resorts are vying for one of the three coveted downstate NY casino licenses.
- Massive Community Support: The Coney Casino & Resort Entertainment District proposal in Brooklyn garnered over 10,000 local signatures in support.
- Jay-Z’s Casino Vision: Jay-Z, in partnership with Caesars and SL Green, is promoting a Times Square casino bid, emphasizing its potential benefits for New Yorkers.
- Legislative Hurdles for Queens: Mets owner Steve Cohen’s Metropolitan Park casino proposal in Queens faces legislative and regulatory challenges.
- A Legal Rollercoaster: Las Vegas Sands’ proposal for a Nassau County casino experienced a legal rollercoaster, with initial blockage and a subsequent revival by the courts.
The proposed zoning amendments would allow casinos in areas like Times Square, Hudson Yards, and Coney Island. The amendments include potential sites next to Mets Citi Field and Bally’s at Ferry Point.
Not just casinos, the developments could feature hotels, restaurants, and entertainment venues, transforming these areas into vibrant entertainment hubs.
A unique aspect of this development is the involvement of local communities. Each casino proposal must gain approval from a Community Advisory Committee, ensuring that the projects align with community interests and needs.
With only three casino licenses available in the downstate region, the competition is intense. Industry insiders see existing “racinos” like Genting Resorts World at Aqueduct and Empire City Casino MGM Resorts at Yonkers Raceway as strong contenders. These venues, with their established presence and community support, could soon expand to offer full-fledged table games.
For residents, this development promises not just entertainment but also economic benefits. Jobs, tourism, and local business growth are on the cards, making this a win-win situation for the city and its people.
The Mayor’s Vision for New York City
NY Mayor Eric Adams is at the forefront of these transformative changes in New York City’s casino landscape. His administration’s proactive approach reflects a strategic vision for the city’s economic and entertainment expansion.
As a result, by proposing these zoning amendments, Mayor Adams is not just opening doors for the gambling industry but also fostering a vibrant, diverse entertainment sector in the city.
Under Mayor Adams’ leadership, the city aims to eliminate bureaucratic hurdles, making it easier for casinos to establish themselves. The proposed zoning changes, bypassing the need for individual hearings and City Council review for each site, demonstrate his commitment to efficiency and progress. This approach is expected to attract more investors and developers, eager to tap into the city’s potential.
Times Square, Manhattan: Caesars Entertainment and Jay-Z’s Roc Nation propose a near-1,000-room casino.
Hudson Yards, Manhattan: Wynn Resorts and Related Companies envision a 1,500-room hotel with various amenities.
Coney Island, Brooklyn: Thor Equities and partners propose a casino with new attractions like a roller coaster.
Willets Point, Queens: Steve Cohen plans a casino near Citi Field, transforming the area into an entertainment hub.
Nassau County, Long Island: Las Vegas Sands aims to develop the old Nassau Coliseum into a resort casino.
While driving development, Mayor Adams also ensures that the interests of New York’s local communities are not overlooked. His administration’s emphasis on community advisory committees in the approval process shows a dedication to balancing economic growth with community welfare.
Mayor Adams’ initiatives are setting the stage for a dynamic future for New York City. His leadership could potentially turn the city into a major player in the national gambling landscape, while also enhancing the city’s cultural and economic fabric.
However, as we await the final decisions and watch these developments unfold, it’s clear that New York City is on the brink of a major transformation. A new era of entertainment and gaming could be just around the corner, bringing excitement and opportunity to the heart of the city.
— MyWayOnNow (@MyWayOnNow) November 29, 2023
Mayor Eric Adams’ administration is proposing changes to allow casinos in most commercial and manufacturing districts in NYC.
Mayor Eric Adams is spearheading the changes to New York City’s casino zoning laws.
Each casino proposal must gain approval from a Community Advisory Committee, ensuring alignment with community interests.
Existing “racinos” like Genting Resorts World at Aqueduct and Empire City Casino MGM Resorts at Yonkers Raceway are strong contenders.
By proposing zoning changes to bypass individual hearings and City Council reviews for each casino site.
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