{"id":9010,"date":"2025-04-24T10:07:15","date_gmt":"2025-04-24T10:07:15","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/04\/24\/las-vegas-sands-cancels-new-york-casino-plans-over-igaming-legislation\/"},"modified":"2025-04-24T10:07:15","modified_gmt":"2025-04-24T10:07:15","slug":"las-vegas-sands-cancels-new-york-casino-plans-over-igaming-legislation","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/04\/24\/las-vegas-sands-cancels-new-york-casino-plans-over-igaming-legislation\/","title":{"rendered":"Las Vegas Sands Cancels New York Casino Plans Over iGaming Legislation"},"content":{"rendered":"<div>\n<p>Las Vegas Sands has officially dropped out of the competition for one of the three casino licenses up for grabs in downstate New York. The move reduces the number of contenders to nine. The company, which had pushed for a <a href=\"https:\/\/igaming.org\/casino-news\/las-vegas-sands-eyes-new-york-casino-license-a-5-billion-gamble\/\">$4 billion resort<\/a> at the Nassau Coliseum site, said it no longer sees the investment as viable.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Las Vegas Sands pulled its New York casino bid due to concerns over online gambling.<\/strong><\/em><\/li>\n<li><em><strong>The company is looking for a buyer for the Nassau Coliseum lease.<\/strong><\/em><\/li>\n<li><em><strong>Nassau County will decide within 30 days if a casino remains part of the development plan.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>The tipping point was online gaming. The company pointed to the possibility of <a href=\"https:\/\/igaming.org\/casino\/what-is-igaming\/\">iGaming<\/a> legalization, which it believes could undercut business at a physical casino. Leadership flagged the issue during recent earnings calls, making it clear that regulatory uncertainty was clouding the project\u2019s future.<\/p>\n<p><em>\u201cSands has decided not to bid for a casino license in New York,\u201d<\/em> the company confirmed in a short statement. It offered no further details during its earnings update for the first quarter.<\/p>\n<p>Instead of pouring money into the New York bid, Sands will focus on buying back its own shares. In the first quarter alone, it spent $450 million (about \u00a3339 million or \u20ac396.7 million) repurchasing shares of both Las Vegas Sands and its Macau-based subsidiary, Sands China.<\/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:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" 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:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/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><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/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 &#038; Sports<\/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:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>What Happens to the Nassau Coliseum Site Now?<\/h2>\n<p>The Nassau project had already faced <a href=\"https:\/\/igaming.org\/casino-news\/legal-turmoil-surrounds-las-vegas-sands-new-york-casino-bid\/\">legal issues<\/a>. Although Sands secured a 42-year lease on the Coliseum land last year, a previous 99-year lease was voided after Hofstra University challenged it in court. The university had led the opposition to a casino on that property.<\/p>\n<p>Sands is now exploring whether it can pass the bid to another group\u2014ideally, one better positioned to balance both physical casino operations and the growing digital gaming market in New York. That may not be easy, though. Most of the large U.S. operators are already committed to other bids or tied up in partnerships.<\/p>\n<p>If a deal with a third party does not materialize, Sands said it will work with Nassau County and other groups to ensure the land is developed in line with the county\u2019s long-term goals. County officials acknowledged that they expect to make a decision within 30 days on whether a casino will stay part of the plan or not.<\/p>\n<p>Sands now becomes the second company to officially exit the New York casino race. Earlier in April, Hudson\u2019s Bay Co. pulled its proposal to develop a casino inside its Saks Fifth Avenue building in Manhattan.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/las-vegas-sands-cancels-new-york-casino-plans-over-igaming-legislation\/\">Las Vegas Sands Cancels New York Casino Plans Over iGaming Legislation<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas Sands has officially dropped out of the competition for one of the three casino licenses up for grabs in downstate New York. The move reduces the number of contenders to nine. The company, which had pushed for a $4 billion resort at the Nassau Coliseum site, said it no longer sees the investment [&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-9010","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\/9010","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=9010"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9010\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}