NY licensing process ‘confusing and disappointing’ for LVS
Apr 24, 2024 5:50:45 GMT -5
bjspokanimal and birdnest like this
Post by Blitz on Apr 24, 2024 5:50:45 GMT -5
This reminds me of Japan's casino licensing process. So, that said, at least LVS' management is familiar with the slow licensing scenario... 
And now this...
Las Vegas Sands ‘Very Disappointed’ By Drawn-Out Downstate Casino Licensing Process
APR 23
pechanga.net/las-vegas-sands-very-disappointed-by-drawnout-downstate-casino-licensing-p44853-271.htm
Eagerness abounds for the arrival and opening of three downstate casinos in New York.
Which does not bode well considering that patience is key during the licensing process. After all, the New York State Gaming Commission noted during its most recent meeting that regulators likely won’t award those three licenses until late 2025.
Such a long time between issuing the request for applications, which came in early 2023, and that final decision has not sat well with those gaming companies that are looking to get in on an untapped and lucrative market around New York City. And that list includes Las Vegas Sands.
"We’re very disappointed by New York,” Patrick Dumont, president and chief operating officer at Sands, said during the company’s first-quarter earnings call.
"I mean, we’ve been working there for a long time and we thought it was going to happen in ’24. … Now they’re saying ’25 or ’26, but I don’t think we have any real clarity.”
Downstate licensing process ‘confusing and disappointing’ for Las Vegas Sands
Sands is among the dozen or so bidders who have developed casino proposals throughout downstate, which could open the door to offer online casinos in New York once lawmakers legalize iGaming.
Of course, Sands finds itself embroiled in a lengthy and heated battle as it looks to turn Nassau Hub on Long Island into a casino resort. That includes a Supreme Court justice striking down Sands’ 99-year lease agreement with Nassau County and ruling that Sands’ separate arrangement between Nassau Coliseum’s prior occupant was invalid.
But none of that has apparently taken a toll on Sands’ confidence and hopes for a New York casino. And that makes this lengthy licensing process all the more frustrating.
Continue Reading: Https://Www.Playny.Com/Las-Vegas-Sands-Very-Disappointed-Drawn-Out-Downstate-Casino-Licensing-Process/
And now this...
Las Vegas Sands ‘Very Disappointed’ By Drawn-Out Downstate Casino Licensing Process
APR 23
pechanga.net/las-vegas-sands-very-disappointed-by-drawnout-downstate-casino-licensing-p44853-271.htm
Eagerness abounds for the arrival and opening of three downstate casinos in New York.
Which does not bode well considering that patience is key during the licensing process. After all, the New York State Gaming Commission noted during its most recent meeting that regulators likely won’t award those three licenses until late 2025.
Such a long time between issuing the request for applications, which came in early 2023, and that final decision has not sat well with those gaming companies that are looking to get in on an untapped and lucrative market around New York City. And that list includes Las Vegas Sands.
"We’re very disappointed by New York,” Patrick Dumont, president and chief operating officer at Sands, said during the company’s first-quarter earnings call.
"I mean, we’ve been working there for a long time and we thought it was going to happen in ’24. … Now they’re saying ’25 or ’26, but I don’t think we have any real clarity.”
Downstate licensing process ‘confusing and disappointing’ for Las Vegas Sands
Sands is among the dozen or so bidders who have developed casino proposals throughout downstate, which could open the door to offer online casinos in New York once lawmakers legalize iGaming.
Of course, Sands finds itself embroiled in a lengthy and heated battle as it looks to turn Nassau Hub on Long Island into a casino resort. That includes a Supreme Court justice striking down Sands’ 99-year lease agreement with Nassau County and ruling that Sands’ separate arrangement between Nassau Coliseum’s prior occupant was invalid.
But none of that has apparently taken a toll on Sands’ confidence and hopes for a New York casino. And that makes this lengthy licensing process all the more frustrating.
Continue Reading: Https://Www.Playny.Com/Las-Vegas-Sands-Very-Disappointed-Drawn-Out-Downstate-Casino-Licensing-Process/
