Las Vegas Sands Corp. abandoned plans to apply for a casino license in Downstate New York.
Sands President and Chief Operating Officer Patrick Dumont said that during the company’s revenues for the first quarter, Wednesday urges that while the company believes it has the best site and plan for one of three licenses to be awarded by the state, it is uneasy for New York’s plan to allow internet games and how it would affect land -based properties.
The Sands New York bid included redevelopment of the Nassau Coliseum on Long Island into an integrated resort with a casino and hotel and conference facilities.
The company issued a statement Wednesday and said that it will continue to seek rights in the hope of ensuring an agreement with a third party to offer a casino license, including ground-based and digital markets in New York.
“If the company cannot secure an agreement that would allow a third party to offer a casino license at the Nassau Coliseum site, it will work with Nassau County and other parties to try to ensure that it develops in accordance with Nassau County long-term vision for the website,” said the company.
The company said it still believes that the Coliseum website is the best bid among several proposed in New York with the support of the country’s best gaming company.
The company indicated that it would devote resources to invest in its Asian properties in Macao and Singapore.
Review-Journal is owned by the Adelson family, including Dr. Miriam Adelson, majority shareholder in Las Vegas Sands Corp. And Las Vegas Sands President and Coo Patrick Dumont.
Contact Richard N. Velotta at rvelotta@ theplayerlounge.com or 702-477-3893. Follow @rickvelotta at X.
