Las Vegas Sands Plans $4B Casino Development in Extended Island, NY
With the current release of the New York State Gaming Commission’s Request for Application for 3 downstate New York gaming licenses, Las Vegas Sands (LVS) announced on Jan. 12 its intention to pursue the development of a multibillion-dollar flagship hospitality, entertainment and casino project on Long Island, NY.
The organization has entered into agreements to acquire the lengthy-term lease of the site at the moment residence to the Nassau Veterans Memorial Coliseum. These transactions, which still require certain approvals, would grant the firm handle of up to 80 acres in Nassau County, NY.
“Our company’s track record of driving significant economic advantages to the communities in which we operate and the meaningful relationships and partnerships we have created in every of these communities provides us a exclusive point of view on what it takes to develop transformative tourism destinations that positively influence the local neighborhood. Based on that knowledge, we strongly think Long Island can be property to one particular of the region’s excellent entertainment and hospitality developments,” stated Robert G. Goldstein, the company’s chairman and chief executive officer. “Our announcement today is only the very first component of this journey. Our capability to place forward a compelling and competitive proposal will only succeed if we engage with the Long Island community and, in collaboration, create a proposal that reflects the input of all these involved.”
The integrated resort elements of a Long Island development would consist of outside neighborhood spaces, four- and five-star hotel rooms and a globe-class reside efficiency venue honoring the long legacy of reside music at the Nassau Coliseum.  The resort property would also function celebrity chef restaurants, experiential events and venues and versatile meeting and convention space, including ballrooms. Other amenities would consist of high-top quality casino gaming, which is planned to represent significantly less than 10 % of the project’s total square footage, a luxurious day spa, swimming pool and overall health club, and a variety of other entertainment programming.
Developing upon years of community outreach at the website by RXR Realty, Sands will perform with regional Long Island communities to co-produce a development strategy and bid that ensures that the new integrated entertainment and hospitality resort maximizes economic chance, aids to build stronger communities, and protects the quality of life for all Extended Islanders. Sands will re-activate the various operating groups previously established by RXR to recognize the objectives and opportunities for neighborhood residents.
“After practically two decades of working to transform the Nassau Coliseum internet site, including numerous hours meeting with thousands of neighborhood members, the message has been overwhelmingly clear that Long Islanders want a global renowned entertainment destination that creates well-paying jobs and new possibilities at the Nassau Hub. But the challenge for turning this vision into reality has often been the industrial viability of a internet site encumbered by a nearly obsolete half-century-old arena,” stated Scott Rechler, CEO and chairman of RXR. “The strategy envisioned by Sands is a after-in-a-generation opportunity to generate the type of globe-renowned entertainment and hospitality destination that has been sought right after by Long Islanders.”
“Long Island has constantly attracted entrepreneurial organizations, and in this case, it would be creating an entirely new industry for the area. The breadth and depth of the job opportunities designed from this improvement, such as a lot of with no prior expertise or minimum education needs needed, are unlikely to be matched by any other proposal the state receives. We will provide a wide variety of career paths and expert advancement and coaching programs functioning in partnership with trade schools, neighborhood colleges, nearby universities and other institutions. Profession advancement will be possible and prioritized for all our team members,” stated Mr. Goldstein.
By way of the company’s well-established and business-leading environmental sustainability plan, Sands ECO360, the Long Island development would also utilize cutting-edge sustainable constructing and operating practices. The company will seek guidance from Long Island’s environmental leaders on its ambition to obtain LEED certification and its objective of being the “greenest” creating on Long Island.
Sands is also committed to generating a development that is uniquely Long Island through investments in existing neighborhood and cultural projects and organizations and partnerships with nearby celebrities and sports teams. The project would also honor the site’s legacy as a veteran memorial and spend tribute to Long Island’s beloved community of military service members—past and present.
“The complete Sands team is excited for the opportunity to assist bring this vision to reality and we are ready to perform in a critical and transparent manner with the nearby community in an effort to bring an exciting new industry to Long Island,” concluded Mr. Goldstein.
