The acquisition of a commercial casino license in New York is in full swing. Recently, a coalition of theater workers, musicians, small business owners, hotel operators and construction unions voiced support for the proposed casino in Times Square. The bids for the license include SL Green, Caesars Entertainment and Rock Nation.
Earlier this year, the Empire State Legislature officially included the expedited handling of three state casino licenses in its budget, a moratorium introduced earlier to allow state casinos to adapt to the local gambling sector, but was lifted after lawmakers and industry officials called for faster issuance. 슬롯머신
Named the Coalition for a Better Times Square, the group was formed to help boost Times Square and grant permission for casino proposals that share the same purpose. Jeff Bank of Alicart Restaurant Group, part of the alliance, said Times Square is still recovering and needs new entertainment destinations such as Caesars Palace Times Square, where tourists can visit again.
The casino project will generate more than 7 million new visitors a year, more than 600,000 stay in hotels, and generate more than $130 million in retail and Broadway ticket sales, the federation estimated. According to initial estimates, the casino bid received much support from members of the Times Square Alliance.
Mike Prohaska, business manager for Mason Tenders Regional Council Greater New York and Construction and General Building Workers Area 79, said a casino in the area would create hundreds of well-paid union jobs. Meanwhile, Chaz Rinkiewicz, vice president of Worker’s Area 79, explained that casinos will not take away the land that needs to be taken to housing.
Meanwhile, the casino trio thanked the merger in a joint statement. The three companies said they were happy to receive support from all parts of Times Square. The statement proposes a casino project for New York, which will benefit Times Square as a whole. The casino will also incorporate the Caesars Rewards program, a key benefit.
However, not everyone in the area is a fan of the proposed gaming facility. For example, the Shubert Organization, Broadway’s largest theater owner and Broadway league, opposed it. The group shared that they wanted to protect the region and think about the future sustainability of Broadway without getting lost to immediate satisfaction.
The Times Square bid will also face a lot of competition, as there have been many applicants for the three Downstate licenses. One of them is Stefan Soloviev, who recently expressed interest in setting up a casino south of the United Nations building in Manhattan. According to reports, he has also begun discussions with potential casino partners in Las Vegas.