In October, gambling giant Caesars Entertainment and a real estate investment trust announced their intention to host a casino in Times Square in Manhattan, but not everyone in the area supports it. Most recently, for example, the Shubert Organization, Broadway’s largest theater owner, said it didn’t like the idea of having a casino in the area.
The theater owner is not the first local group to speak out against the casino bid. Previously, the Broadway League, consisting of more than 700 members, consisting of theater owners, operators, producers and general managers, claimed that potential casinos would be detrimental to the region. 카지노사이트 This is not good news for the Union in need of regional support.
Schubert Real Estate Vice President Julio Peterson spoke on the topic on a recent podcast by CRBE Chief Economic Adviser Spencer Levy. He said he wasn’t against commercial casinos in New York City, but he didn’t want one in Times Square. He noted that the company wants to protect the area and think about Broadway’s future sustainability without getting lost to immediate satisfaction.
Meanwhile, some support the Times Square casino proposal. One of the supporters is Actors Equity, a trade union representing theater actors and stage managers. In addition, former police chief Bill Bratton and restaurant owners in the theater area also supported the project, which means that restaurants will have more customers.
It should be noted that SL Green and Caesars Entertainment will have to deal with the fierce competition to obtain a full-scale casino license. There are three licenses, and now Resort World NYC and Empire City Casino appear to have always decided to get two, with the rest of the candidates vying for a single license.
Other applicants include related companies that have teamed up for the casino properties of Wynn Resorts and Hudson Yards. There have also been reports of property development and management company Thor Equity seeking to submit proposals for casino properties on Coney Island. Stakeholders include Bali Inc., Hard Rock, Las Vegas Sands and Rush Street Gaming.
Once the casino bid is fully supported by the local community, it must also be approved by the Game Facilities Location Committee. The panel was introduced by the state government in October and is responsible for determining the organizers and seats of up to three Downstate casinos. The license is not expected to arrive before 2023 and the competition application process will begin shortly.