To win one of the three downtown New York casino licenses, Sitt and his partners must prove that the community is engaged. News announcing the tender In his release, Brooklyn Chamber of Commerce CEO Randy Pears said that Sitt’s group would hire minority- and women-owned businesses and work with local agencies to create a “Brooklyn and promised to hire directly from Queens residents.
Still, community support is no slam dunk.
“We need to listen to what they have to offer before we take it down,” said a person familiar with the thinking at Community Board 13.
Sitt’s partners include experienced operator Global Gaming Solutions, a division of Chickasaw Nation, and Saratoga Casino Holdings, which operates casinos in Colorado, Mississippi and Saratoga Springs, Colorado. The pair will run a casino in Brooklyn with Legends, a drink and food vendor at Yankee Stadium.
Three casino licenses will be awarded, two of which are “Lasinos” in Yonkers and Queens. The third is expected to land somewhere in one of the five governorates, making him one of the country’s largest casinos. CBRE estimates that New York City casinos could generate up to $2 billion in annual revenue and he could generate $600 million in operating income.
Sit raised his hand, office landlord The Related Cos., SL Green Realty and Vornado Realty Trust are affiliated or rumored to be affiliated with Las Vegas operators to bid for casinos in Hudson Yards, Times Square and Herald Square respectively. Billionaire Mets owner Steve Cohen reportedly wants a casino near Citi Field and is believed to prefer Hard Rock as his partner.
Las Vegas Sands is understood to be eyeing the Nassau County site. The developer also plans to announce bids for sites near the Staten Island Ferry Terminal and Belmont Park when state gaming regulators officially begin considering proposals in January.
The state must decide whether Midtown, which is struggling with declining business and international travel, is the best home for a casino or a suburban borough. Ultimately it may come down to which regions want it the most.