Manhattan Casino Bid Fails,Leaving Five Proposals in NY Gaming License Race
New York,NY – A proposed $11 billion casino resort for Manhattan was rejected by a local community board Monday,narrowing the field of contenders vying for one of up to three gaming licenses in New york City. The decision leaves five proposals still in the running, as state gambling regulators aim to finalize their selections in December.
The Manhattan project, lead by the Soloviev Group, faced opposition from local politicians – including Democrats like Governor Kathy Hochul and Mayor Eric Adams – who cited resident concerns regarding increased congestion and public safety. A statement released by the politicians noted these concerns were voiced during public hearings.
Michael Hershman, CEO of the Soloviev Group, expressed disappointment, stating Manhattan – the “undisputed capital of the world” – deserved the resort, which he believed would attract visitors and benefit the community. Mohegan CEO Ray Pineault also criticized the review process, arguing it failed to recognize the potential positive impact on New YorkS broader community through job creation, housing, and community benefits.
Remaining proposals include a Bally’s casino planned for a bronx public golf course previously operated by Donald Trump’s company, a gambling hall envisioned for Coney Island’s boardwalk in Brooklyn, and a Hard Rock casino proposed near Citi Field in Queens, home of the New York Mets. Additionally, two existing “racinos” – slot parlors attached to horse racing tracks in Yonkers and Queens - are seeking licenses to expand into full-fledged casinos with live table games.
New York Mets owner Steve Cohen recently announced plans for Metropolitan Park,a new development that could include a casino and sportsbook.
Mayor Adams,currently running for reelection as an independent,voiced surprise at the rejection of some high-profile projects,emphasizing the potential economic benefits casinos could bring to the city. “Casinos can bring jobs. It can bring stability, tourism,” he said.
Eight projects initially bid for a license, each promising notable investment in the New york City area. NBC New York is profiling each proposal throughout september.
