Monday, January 23, 2023

We might have a new NYC/Long Island Area Casino Contender!

 


Vornado Realty Trust has now entered the chat! Vornado is one of the biggest real estate companies in NYC and they are kicking the tires on soon to be knocked down Hotel Pennsylvania site across from Madison Square Garden.

From The NY Post.

Vornado, which rarely responds to media inquiries, broke its silence about a possible casino bid when contacted by The Post. 

“We are studying the possibility of applying for a casino license [in the Penn Station area], but we have no deal in place,” a Vornado spokesperson said. “Our most important criterion for any project is that it meet the economic development objectives and produce the transit and public improvements set forth in the state’s General Project Plan.”

Who are the other folks vying for the licenses?

SL Green has teamed with Caesars Entertainment in Times Square; Related Companies and Wynn Resorts are eyeing Hudson Yards; Soloviev Group wants a site on First Avenue near the UN; Hudson’s Bay Company hopes to put a casino at Saks Fifth Avenue; Mets owner Steve Cohen may possibly team with Hard Rock for one at Willets Point, Queens; and Thor Equities is gambling on Coney Island.

Read more here. 

This is going to be interesting. Is Vegas giving any odds on this situation?

 

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