{"id":253608,"date":"2023-01-13T17:20:15","date_gmt":"2023-01-13T23:20:15","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=253608"},"modified":"2023-01-18T13:57:02","modified_gmt":"2023-01-18T19:57:02","slug":"saks-fifth-avenue-new-york-city-store-could-be-casino-home","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/","title":{"rendered":"Saks Fifth Avenue Throws Hat in New York City Casino Ring"},"content":{"rendered":"

The competition for a New York City casino license has a new, famous entrant. Saks Fifth Avenue as unveiled plans for a gaming venue at its marquee store on Fifth Avenue.<\/p>\n

\"Saks
Saks Fifth Avenue flagship store in Manhattan. The parent company wants to bring a casino to the store. (Image: YouTube)<\/figcaption><\/figure>\n

As reported by The New York Post<\/em>, Saks parent company Hudson\u2019s Bay Co. is hoping to turn the ninth through eleventh floors of the Manhattan department store into a gaming venue inspired by the James Bond movie \u201cCasino Royale\u201d starring Daniel Craig.<\/p>\n

According to Cushman and Wakfield\u2019s 2018 \u2018Main Streets Across the World\u2019 report, the top retail street in the Americas and the second-ranked street globally is Upper Fifth Avenue in New York City, which is home to Saks Fifth Avenue\u2019s flagship store,\u201d<\/strong> noted Toronto-based Hudson\u2019s Bay. \u201cThe flagship has been occupying the same block of Fifth Avenue since 1924 and is located between 49th and 50th Street.\u201d<\/strong><\/p><\/blockquote>\n

Interestingly, the flagship Saks store is located next to St. Patrick\u2019s Cathedral, making it something of an ironic spot for a casino.<\/p>\n

Saks Has Casino Plans, But Partner Not Revealed<\/h2>\n

In an interview with the Post, <\/em>Hudson\u2019s Bay CEO and Executive Chairman Richard Baker said the company is aiming for a glitzy, high-end casino at the Fifth Avenue location, noting that Monte Carlo has \u201cfancy casinos. So why not in Manhattan?”<\/p>\n

He goes on to say Manhattan doesn\u2019t need \u201canother slobby casino,\u201d and that such a venue in the city should be \u201cspectacular.\u201d Those desires, along with the point that Hudson\u2019s Bay\u2019s core competency isn\u2019t gaming operation make partner selection integral. But potential partners weren\u2019t revealed.<\/strong><\/p>\n

If the aim is for a glamorous casino, the retailer’s options could be slim. Las Vegas Sands, which previously ran two of the more Las Vegas Strip integrated resorts, is eyeing Nassau County<\/a> for a casino-hotel. Wynn Resorts, which is the proprietor of two of the highest-rated luxury gaming properties on the Strip, is partnering with Related Cos. on a proposal for another Manhattan location.<\/p>\n

\n

Caesars, which has its fair share of upper echelon casino-resorts, is working with real estate developer SL Green to bring a gaming property to Times Square<\/a>. MGM Resorts International could also be out of the equation for Hudson\u2019s Bay as a potential partner. That’s because its Empire City in Yonkers is widely expected to receive one of the three downstate casino permits. It\u2019s not clear if New York regulators will accept two of those licenses being controlled by a single operator.<\/p>\n<\/div>\n

It\u2019s also believed that New York Mets owner Steve Cohen<\/a> has a preference for Hard Rock International in his plans to bring a casino-hotel to Queens.<\/p>\n

Baker Working to Drum Up Support<\/h2>\n

Baker told the Post<\/em> there have been lowkey conversations with community groups, including Broadway theater owners, retailers and more regarding the Saks casino plan.<\/p>\n

Previously, the Shubert Organization, which is the largest theater owner on Broadway, said it\u2019s in favor<\/a> of a Manhattan gaming venue as long as it\u2019s not in Times Square.<\/p>\n

Companies selected for the trio of downstate permits will be required to commit at least $500 million to project expenditures, while paying the same amount to the state in fees and related costs.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The competition for a New York City casino license has a new, famous entrant. Saks Fifth Avenue as unveiled plans for a gaming venue at its marquee store on Fifth Avenue. As reported by The New York Post, Saks parent company Hudson\u2019s Bay Co. is hoping to turn the ninth through eleventh floors of the […]<\/p>\n","protected":false},"author":46,"featured_media":253609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[81897,81898],"acf":[],"yoast_head":"\nSaks Fifth Avenue New York City Store Could Be Casino Home<\/title>\n<meta name=\"description\" content=\"Saks Fifth Avenue parent company wants to bring casino to Manhattan store.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saks Fifth Avenue New York City Store Could Be Casino Home\" \/>\n<meta property=\"og:description\" content=\"Saks Fifth Avenue parent company wants to bring casino to Manhattan store.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-13T23:20:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-18T19:57:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/saks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/\",\"url\":\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/\",\"name\":\"Saks Fifth Avenue New York City Store Could Be Casino Home\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/saks.jpg\",\"datePublished\":\"2023-01-13T23:20:15+00:00\",\"dateModified\":\"2023-01-18T19:57:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Saks Fifth Avenue parent company wants to bring casino to Manhattan store.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/saks-fifth-avenue-new-york-city-store-could-be-casino-home\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/saks.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/saks.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Saks Fifth Avenue flagship store in Manhattan. 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