Discussions persist as the deadline nears for a potential seller to assume control of the Long Island casino project, according to Sands.
Las Vegas Sands Seeking New Operator for Casino-Resort Proposal at Nassau Coliseum
In the heart of New York City, discussions remain ongoing between Las Vegas Sands executives and a prospective company to take over the proposal to construct a casino-resort at the Nassau Coliseum site. Despite these ongoing negotiations, the impending June 27 deadline for submission of applications for a state gaming license is fast approaching.
At a recent Town of Hempstead zoning board hearing, Daniel Baker, an attorney representing Sands, stated, "These discussions are still ongoing, and the company remains hopeful that a deal can be reached. However, the company also recognizes that there is little time left before applications are due to the state, and it may not be feasible."
The long-awaited rezoning of the 72-acre site, which encompasses the Marriott Hotel property, is a crucial step for the project. Sands seeks to establish the Mitchel Field Integrated Resort District by rezoning, enabling construction of a 280-foot hotel, casino, restaurants, and entertainment facilities. The successful rezoning is seen as integral not only to the casino project but also to any broader redevelopment of the site.
A Final Environmental Impact Statement for the $7.6 billion project, which covers extensive planning assessments, has recently been released. The project's future hangs in the balance as the deadline for applying for a state gaming license grows nearer, with major potential partners such as DraftKings having already dropped their involvement in the project.
Las Vegas Sands has exited the race for the casino license, yet it still holds a long-term lease and strives for a 99-year development lease to retain control over the site's redevelopment potential. With looming deadlines and the departure of potential partners, the casino component's future remains uncertain, placing the project at a critical juncture.
In the bustle of Las Vegas, the casino culture echoes as Sands seeks to transplant this atmosphere to the Nassau Coliseum, as they negotiate with potential partners for the operation of casino-games within the proposed resort. Despite the looming deadline for applications, the casino-and-gambling part of the project still stands in the balance, as major partners like DraftKings have withdrawn, and Las Vegas Sands has also stepped back from the race for the casino license.
