{"id":5979,"date":"2023-10-26T10:45:27","date_gmt":"2023-10-26T10:45:27","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/10\/26\/las-vegas-sands-eyes-new-york-casino-license-a-5-billion-gamble\/"},"modified":"2023-10-26T10:45:27","modified_gmt":"2023-10-26T10:45:27","slug":"las-vegas-sands-eyes-new-york-casino-license-a-5-billion-gamble","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/10\/26\/las-vegas-sands-eyes-new-york-casino-license-a-5-billion-gamble\/","title":{"rendered":"Las Vegas Sands Eyes New York Casino License, A $5 Billion Gamble"},"content":{"rendered":"<div>\n<p>Following the successful launch of mobile sports betting and the legalization of this form of wagering, New York has taken the gambling world by storm. The state has quickly become a leading player in the industry, even outperforming more established markets with record-breaking revenues and betting volumes. With the surging popularity of mobile betting, lawmakers in New York have set their sights on expanding the state\u2019s retail gambling sector.<\/p>\n<p>Earlier this year, New York legislators greenlit a plan to potentially establish up to three new downstate casinos. These prospective locations include Westchester County, New York City, and Long Island.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><strong>Las Vegas Sands Joins the New York Casino Race<\/strong><\/h2>\n<p>Recognizing the immense potential in this burgeoning market, leading gaming companies have eagerly joined the race for a coveted downstate casino license. One notable contender is <a href=\"https:\/\/igaming.org\/casino-news\/las-vegas-sands-moves-closer-to-ny-casino-license-with-nassau-lease\/\">Las Vegas Sands<\/a> (LVS), a renowned developer and operator of integrated resorts.<\/p>\n<p>During a recent earnings call, LVS\u2019 CEO, Rob Goldstein, revealed the company\u2019s strong Q3 financial results and reiterated its commitment to securing a license in New York. Las Vegas Sands has set its sights on Nassau County for its integrated resort, spanning nearly 100 acres, which includes the Nassau Veterans Memorial Coliseum.<\/p>\n<p>Goldstein shed light on the company\u2019s ambitions, stating, \u201cWe have secured the Nassau Coliseum and are in the process of meeting the necessary requirements to move forward.\u201d He indicated substantial local support for LVS\u2019 project and hinted at an investment exceeding $5 billion, emphasizing that this substantial sum would facilitate the creation of a five-star resort boasting unparalleled entertainment and amenities. Goldstein underlined that this venture represents an extraordinary opportunity for Las Vegas Sands.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cThe resort will cost in excess of $5 billion, but enables us to develop a five-star resort with unlimited appeal. This is simply an extraordinary opportunity.\u201d<\/em><\/p>\n<ul>\n<li>Rob Goldstein, CEO at Las Vegas Sands<\/li>\n<\/ul>\n<h3><strong>A Strong Cash Flow Backs Ambitious Plans<\/strong><\/h3>\n<p>Patrick Dumont, President and COO at LVS, also contributed to the discussion, highlighting the company\u2019s robust cash flow, which stands at approximately $5.6 billion across its operations. He assured that LVS could fulfill its commitments in Macao while simultaneously pursuing the New York casino license due to its healthy cash flow and the flexibility of its assets.<\/p>\n<p><em>\u201cWe\u2019ll be able to do our concession commitment to Macao, and then we\u2019ll have excess capital to pursue New York, as well as other growth opportunities in new jurisdictions, all thanks to the timing of our cash flow, our substantial cash reserves, and the adaptability of our assets.\u201d<\/em><\/p>\n<ul>\n<li>Patrick Dumont, President and COO at Las Vegas Sands<\/li>\n<\/ul>\n<p>Dumont commended LVS\u2019 continued success in Singapore and Macau, which consistently generates revenue. With the current financial stability, he expressed optimism that the company could simultaneously invest in its Macau operations and advance its bid for a New York casino license. Additionally, Dumont hinted at a willingness to explore further investments and seize opportunities in emerging markets. Las Vegas Sands\u2019 ambitious plans promise an exciting future for the company in the ever-evolving world of gambling and entertainment.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/las-vegas-sands-eyes-new-york-casino-license-a-5-billion-gamble\/\">Las Vegas Sands Eyes New York Casino License, A $5 Billion Gamble<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following the successful launch of mobile sports betting and the legalization of this form of wagering, New York has taken the gambling world by storm. The state has quickly become a leading player in the industry, even outperforming more established markets with record-breaking revenues and betting volumes. With the surging popularity of mobile betting, lawmakers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5979","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5979"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5979\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}