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.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Executive Profiles
MGM Resorts Japan
BetConstruct
Hann Casino Resort
Bloomberry Resorts Corporation
Sightline Payments

Global Gaming Awards Asia: What to expect in 2023

Gambling Insider looks ahead to the Global Gaming Awards Asi...

The power of the rebrand

With the help of industry experts, Gambling Insider Editor T...

Evolution Europe CEO Gionata La Torre: The Italian job

Evolution Group’s new CEO Europe, sits down with Gambling...

Big Question: How can slots innovate from here?

Simon Hammon, CEO of Relax Gaming, Erkki Nikunen, Partner &...

Read Magazine