The CEO of Sands Casino, Rob Goldstein, criticized New York gaming regulators for their slow and confusing review process, which means that the issuance of new casino licenses in the New York City area may not happen until late 2025. The Sands proposal for a $4 billion casino complex at the Nassau Coliseum site in Uniondale has been waiting for nearly three years for a decision. Goldstein expressed disappointment in the lack of clarity and transparency from New York regulators, urging them to make a decision soon.
Despite the delays, Goldstein stated that he remains hopeful that things will turn around in New York. However, the extended timeline means that the earliest a gaming facility could open in the metro area would likely be in 2026. Other casino industry insiders and bidders have also voiced complaints about the slow progress, but the longer timeframe may benefit other bidders who are facing opposition from communities and politics.
The Sands bid for a casino at the Nassau Coliseum has faced opposition and legal challenges, including a recent ruling that determined county officials violated laws during the approval process. Community support will play a crucial role in determining which bidders ultimately receive a license to operate a casino in the New York City area. The review process involves various local officials and boards, as well as the state Gaming Facility Location Board, which must approve any casino bid.
Several other casino projects are also in the works, including proposals near Hudson Yards, Citi Field, Coney Island, and the Bronx. These projects will need to undergo a lengthy approval process, including city land use reviews and state environmental scrutiny. Additionally, existing facilities like Genting-Resorts Worlds at Aqueduct racetrack and MGM-Empire City at Yonkers Raceway are seeking licenses to add table games to their slots parlors.
The Gaming Commission, headed by executive director Robert Williams, has stated that the timetable for awarding casino licenses is “ahead of schedule” due to the anticipated revenues from casinos helping to fund the MTA by 2026. Winning bidders must pay a $500 million upfront license fee to operate a casino. The lengthy approval processes for casino projects in various locations around New York City, coupled with community opposition and legal challenges, have contributed to the slow progress in awarding new casino licenses.
