{"id":270703,"date":"2023-04-26T17:22:02","date_gmt":"2023-04-26T22:22:02","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=270703"},"modified":"2023-04-27T13:16:44","modified_gmt":"2023-04-27T18:16:44","slug":"sands-long-island-casino-plans-move-forward","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/","title":{"rendered":"Las Vegas Sands Lands Lease Accord on Nassau Coliseum"},"content":{"rendered":"

Las Vegas Sands has struck an agreement with Nassau County, N.Y., under which the gaming operator gains control of 72 acres of land in Uniondale, representing a step forward in the company\u2019s efforts to build a casino-hotel there.<\/p>\n

\"Sands
Nassau Veterans Memorial Coliseum in Uniondale, NY. Las Vegas Sands reached an agreement to lease land there for a possible casino hotel. (Image: Steven Ryan\/AP<\/em>)<\/figcaption><\/figure>\n

Nassau County Executive Bruce Blakeman and Las Vegas Sands CEO Robert Goldstein earlier today announced an accord whereby the gaming giant gains control of land in Uniondale<\/a> for 99 years. The lease on the land has been held by a Florida real estate developer since 2020. Blakeman, a Republican, has been supportive of the Long Island casino plan, urging Nassau County to at least listen to Sands\u2019 proposal.<\/p>\n

\n

His caveat is that if an integrated resort is built there, that gaming be secondary<\/a> to conventions, dining, and entertainment. He will appoint one of the Community Advisory Committee’s five members, tasked with evaluating Nassau County casino pitches.<\/p>\n<\/div>\n

The next step is for the 19-member Nassau County legislature to approve the lease transfer. Republicans hold a 12-7 majority in that body, but policymakers from both parties have yet to be publicly vocal on the Sands casino pitch.<\/p>\n

Sands Has Commitments Whether or Not It Wins License<\/h2>\n

LVS is one of a roughly dozen entities bidding for three downstate gaming permits in New York in what\u2019s likely to be one of the most intense competitions for casino licenses in recent memory.<\/p>\n

That intensity is amplified when accounting for speculation that MGM\u2019s Empire City Casino in Yonkers and Resorts World New York in Queens has already spoken for two licenses. Translation: Sands, Caesars Entertainment, Wynn Resorts<\/a> and others may be competing for just one downstate permit.<\/p>\n

\n

Specific to LVS and Nassau County, if the legislature approves the lease accord, the gaming company must pay $54 million within 60 days, $5 million in annual rent, and $900,000 per year to be directed to public safety programs. The company is on the hook for those obligations whether or not it wins a casino permit.<\/p>\n<\/div>\n

\u201cIf the state grants Sands a commercial gaming license, the annual rent rises to $10 million, and the public safety fee goes to $1.8 million. Additional revenues to the county, Town of Hempstead and surrounding communities would total $96.3 million annually. Should Sands not secure a gaming license, the total revenue drops to $7.9 million,\u201d reports Candice Ferrette for Newsday<\/em>.<\/p>\n

Sands Looking to Allay Gaming Concerns<\/h2>\n

As with other New York City-area casino proposals, there\u2019s budding opposition to the Sands Long Island pitch, with local community groups and Hofstra University leading that charge.<\/p>\n

LVS is looking to alleviate those concerns by promising significant job creation, community stewardship and small gaming exposure.<\/strong><\/p>\n

\u201cThe resort property would also feature celebrity chef restaurants, experiential events and venues and flexible meeting and convention space, including ballrooms. Other amenities would include high-quality casino gaming, which is planned to represent less than ten percent of the project\u2019s total square footage, a luxurious day spa, swimming pool and health club, and a variety of other entertainment programming,\u201d according to a statement issued by the operator in January.<\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands has struck an agreement with Nassau County, N.Y., under which the gaming operator gains control of 72 acres of land in Uniondale, representing a step forward in the company\u2019s efforts to build a casino-hotel there. Nassau County Executive Bruce Blakeman and Las Vegas Sands CEO Robert Goldstein earlier today announced an accord […]<\/p>\n","protected":false},"author":46,"featured_media":253307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810,61,13592],"tags":[81897,81898,81901,81895],"acf":[],"yoast_head":"\nSands Long Island Casino Plans Move Forward<\/title>\n<meta name=\"description\" content=\"Sands Long Island casino effort advance following land lease agreement.\" \/>\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\/sands-long-island-casino-plans-move-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sands Long Island Casino Plans Move Forward\" \/>\n<meta property=\"og:description\" content=\"Sands Long Island casino effort advance following land lease agreement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/\" \/>\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=\"2023-04-26T22:22:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T18:16:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nc-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1666\" \/>\n\t<meta property=\"og:image:height\" content=\"1128\" \/>\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\/sands-long-island-casino-plans-move-forward\/\",\"url\":\"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/\",\"name\":\"Sands Long Island Casino Plans Move Forward\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nc-1.jpg\",\"datePublished\":\"2023-04-26T22:22:02+00:00\",\"dateModified\":\"2023-04-27T18:16:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Sands Long Island casino effort advance following land lease agreement.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sands-long-island-casino-plans-move-forward\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nc-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nc-1.jpg\",\"width\":1666,\"height\":1128,\"caption\":\"Nassau Veterans Memorial Coliseum in Uniondale, NY. 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