Published
Land-BasedCasinoFinancialMarketing

Las Vegas Sands proposes multi-billion dollar development on Long Island

Las Vegas Sands has confirmed it is pursuing the development of a multibillion-dollar flagship hospitality, entertainment and casino project on Long Island, New York; following the recent release of the New York State Gaming Commission's Request for Application for three downstate New York gaming licences.

long island las vegas sands gi
Listen To Article

The company has signed agreements to buy the site currently home to Nassau Veterans Memorial Coliseum. It would also gain control of up to 80 acres in Nassau County, New York, through these agreements, which still need some approvals.

Robert Goldstein, Chairman and CEO said: "Our company's track record of driving significant economic benefits to the communities gives us a perspective on what it takes to develop transformative tourism destinations. Our announcement today is only the first part of this journey.”

Island development would include outdoor community areas, four-and five-star hotel rooms, and a live performance arena reflecting the long history of the Nassau Coliseum. Casino gambling, which is planned to occupy less than 10% of the project's total square footage, and swimming pool, would be included.

Sands will work with local communities to co-create a development plan.

Goldstein added: "Our proposed project would be designed to produce tens of millions of dollars in tax revenue for the local community on an annual basis.”  

David A Paterson, former New York Governor and Sands Senior Vice President said: “We are committed to bringing opportunities for small businesses, approaches for minority and women-owned businesses, and an understanding of our obligation to partner and communicate our vision for the future."

The Long Island development would also make use of a cutting-edge sustainable building and operational methods with the firm's environmental sustainability programme, Sands ECO360. To attain LEED certification and become the "greenest" building on Long Island, the company will consult with environmental leaders on the island.

Meanwhile, the Dow Jones Sustainability Indices (DJSI) recently recognised Las Vegas Sands by including it for the seventh time on the DJSI North America Index and the third consecutive year on the DJSI World Index.

Premium+ Connections
Premium

Galaxsys

 
Premium

Digitain

 
 
Premium

1xBet Partners

 
Premium

Imagine Live

 
Premium

Lynon

 
Premium

PIN-UP Partners

 
Premium

RISK

 
 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...