$4-billion Long Island casino complex is one of several construction projects eyed for the area
By Catrin Jones and Jenny LescohierJanuary 24, 2023
Las Vegas Sands has announced ambitions to develop a new multi-billion-dollar flagship hospitality, entertainment and casino project on Long Island, New York, while numerous developers eye the area for other gaming and entertainment properties.
If the relevant approvals are granted, the current Nassau Veterans Memorial Coliseum site could be developed into an 80-acre integrated resort including outdoor community spaces, four- and five-star hotel rooms and a ‘world-class’ live performance venue. The project would represent a $4-billion investment for Las Vegas Sands.
Other property amenities would include high-quality casino gaming (which is planned to represent less than 10% of the project’s total square footage), a day spa, swimming pool and health club, and other entertainment programming.
Robert G. Goldstein, chairman and chief executive officer, Las Vegas Sands, said the company was working closely with Long Island residents.
“Our announcement today is only the first part of this journey. Our ability to put forward a compelling and competitive proposal will only succeed if we engage with the Long Island community and, in collaboration, develop a proposal that reflects the input of all those involved,” Goldstein commented.
The company will seek guidance from Long Island’s environmental leaders on its ambition to achieve LEED certification and its goal of being the ‘greenest’ building on Long Island.
Gaming projects in NYC area
According to media reports, the Sands’ project isn’t the only game in town. There are a number of real estate developments being conceptualized for the NYC metropolitan area.
SL Green Reality Corp. and Caesars Entertainment want to transform a space in Times Square, the Soloviev Group has a project in the works near the United Nations and Hudson’s Bay Co. wants to convert the upper floors of its flagship Saks Fifth Avenue into a casino.
Mets owner Steve Cohen has voiced ideas to build a casino paradise and Thor Equities — in concert with Saratoga Casino Holdings, the Chicasaw Nation and Legends — is looking to plant roots in Coney Island, Brooklyn.