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They’re looking to build a $4 billion casino hotel smack in the middle of Times Square, including 250,000 feet of casino spread across eight floors, along with a 950-room hotel. New York Mets owner Steve Cohen, in partnership with Hard Rock, wants to build an $8 billion casino, hotel, and live music venue in the shadow of Citi Field. The second racino, this one located at Yonkers, is owned by MGM. Empire City is floating a $2.2 billion project, with a 5,000-seat arena, new dining options, and a 9,000 square-foot sportsbook. While there is some minor opposition to building out the property, it probably won’t matter.
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But Wynn says “any casino operator” will face stiff opposition for years to come. The company said it will instead spend its capital on stock buybacks and existing and upcoming developments. It is building the first casino resort in the Middle East in the United Arab Emirates. “We appreciate the City Council, including the Speaker and Bronx Delegation in particular, for recognizing the opportunity that this project can afford to the Bronx and the City as a whole.
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