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The Midtown East proposal, which would also involve the construction of a new development, is led by real estate billionaire Stefan Soloviev and the Mohegan Tribe. It calls for a 1,200-room hotel, about 1,300 apartments, and an underground casino—all to go up just south of the United Nations headquarters. Both Resorts World NYC and MGM Empire city are likely to have little community resistance, pundits say, and would be able to convert to a full casino relatively quickly. Furthermore, they have the infrastructure needed for expansion, with parking and access to highways.
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Boekenheide had said the project is projected to generate as many as 9,000 full-time and well-paying jobs. The investment, he added, could total as much as $4 billion, possibly netting millions in tax revenues for Irving. During the public comment session Monday, most speakers critiqued Sands Corp.’s plans, citing a range of concerns regarding public safety and gambling addiction.
The property would also include boutique shops, two luxury hotels, a live entertainment venue, a conference center, and open space, in addition to a casino taking up less than 10% of the footprint. The three Manhattan casino proposals, meanwhile, are filled with the kind of glitz and glamor that captures the imagination and may prove to be offers too good for the state to refuse. In February 2024, Resorts World rolled out a $5 billion expansion and redevelopment plan should it receive a full gaming license. The developers, however, must first win the support of the local community where their plan is proposed.
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It’s a ‘no-lose’ situation for the Maryland Lottery – it either seals the deal on a legislative ban (if VGW refuses to comply) or forces VGW’s exit from the state (if it complies). Earlier this month, the City Council gave its blessing to Cohen’s vision — which includes a 25-acre public park, shops and restaurants, a Taste of Queens food hall, the redevelopment of the Mets-Willets Point subway station, and improved roads and bike paths. A casino is at the heart of the Metropolitan Park plan, which is entirely contingent upon the venture receiving one of the three coveted downstate gaming licenses. Resorts World, which opened in 2011 and has 6,500 slots and electronic table games, would be able to build out the facility to include live dealers at table games with relative ease. During the work session hours before the vote, Mark Boekenheide, the Sands Corp. executive who oversees the company’s global real estate footprint, did not say the company was abandoning the project but emphasized that casino gaming was essential to move that plan forward. Make sure you rush into a keno room like Lost Jewels of Atlantis™ and Lucky Cherry™ and spin casino slots with incredible bonus games, progressive jackpots and free spins!
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