{"id":272532,"date":"2023-05-08T14:35:49","date_gmt":"2023-05-08T19:35:49","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=272532"},"modified":"2023-05-09T12:22:17","modified_gmt":"2023-05-09T17:22:17","slug":"long-island-casino-opposed-by-hofstra-president-poser","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/","title":{"rendered":"Hofstra President Uses Tired Arguments to Blast Sands Long Island Casino Plan – Opinion"},"content":{"rendered":"

Hofstra University President Susan Poser will appear before the Nassau County legislature Monday. She\u2019s expected to rip a plan by Las Vegas Sands (NYSE: LVS) to build a new casino hotel near the college in her testimony.<\/p>\n

\"Hofstra
The Nassau Coliseum could be home to a Long Island casino. Hofstra University President Susan Poser opposes the plan. (Image: Newsday<\/em>)<\/figcaption><\/figure>\n

Sands\u2019 effort to develop a new gaming venue at the site of the Nassau Coliseum in Uniondale, N.Y., is just a few months old. But in that brief period, Hofstra has become<\/a> one of the most vocal dissenters.<\/p>\n

The casino proposed by Las Vegas Sands runs directly counter to the interests of our local population and will create dangers rather than benefits,\u201d<\/strong> according to draft of Poser\u2019s testimony obtained by the New York Post<\/em>.<\/p><\/blockquote>\n

In her opposition to Sands New York, Poser rehashes many ancient talking points used by anti-gaming groups across the US anytime a new casino is pitched, regardless of location. Those include bashing operators for allegedly only caring about profits and theories that casinos lead to increased crime, pollution, and traffic.<\/p>\n

Debunking Anti-Long Island Casino Arguments<\/h2>\n

In her testimony, Poser is also expected to bash Las Vegas Sands for attempting to generate a profit on Long Island, while lambasting the operator for divesting its Las Vegas properties. The latter meaning its current portfolio is comprised entirely of five Macau integrated resorts and Marina Bay Sands in Singapore.<\/p>\n

In 2021, Sands announced the sale<\/a> of Venetian Resort and Sands Expo and Convention Center on the Las Vegas Strip to Apollo Global Management and VICI Properties for $6.25 billion.<\/p>\n

\n

However, couching that transaction in anti-US terms is inaccurate, as Sands executives have said they\u2019re open to the idea of returning to Las Vegas in the future. Additionally, the operator is spending millions on the New York plan and on lobbying efforts in Texas. The company has also been tied to rumors<\/a> regarding a North Florida casino hotel.<\/p>\n<\/div>\n

As for Sands\u2019 desire to make money, that\u2019s what companies do. As a publicly traded firm, Sands\u2019 primary obligation is to be a good steward for its shareholders.<\/p>\n

The environmental and traffic arguments are potentially specious, because any brick-and-mortar business occupying the planned casino site could contribute to those issues. A traffic study has yet to be conducted, and Sands chose to focus its New York efforts on Long Island<\/a> to avoid contributing to motor vehicle congestion in Manhattan.<\/p>\n

Increased Crime Far from Guaranteed<\/h2>\n

Anti-casino groups frequently play the crime card. But that argument isn\u2019t linear, and should be evaluated on a case-by-case business.<\/p>\n

In fact, data from a casino hotel to which Sands New York could be comparable suggests such venues don’t drive more local crime. Consultants for the Massachusetts Gaming Commission (MGC) last week revealed findings pertaining to crime in five towns surrounding Wynn Resorts\u2019 Encore Boston Harbor and Everett, where the venue is located.<\/p>\n

\n

The study spanned September 2018 through July 2022, including the property\u2019s June 2019 opening, temporary COVID-19 shutdown, and subsequent reopening and normal operation. Data indicated Encore Boston Harbor \u201chas limited impact on crime in the region.\u201d<\/p>\n<\/div>\n

Poser is also expected to plead with Nassau County policymakers to oppose the Long Island casino simply because it\u2019s near Hofstra and other schools, including elementary and high schools. That argument is also dubious, because it assumes two things that are likely false. First, college students have the financial resources to indulge in frequent casino visits. Second, Sands won\u2019t be proactive in terms of checking the identifications of younger-looking prospective patrons.<\/p>\n

Using Encore Boston Harbor as the comparison, that venue is within a stone\u2019s throw of several institutions of higher learning, including four-year and junior colleges.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hofstra University President Susan Poser will appear before the Nassau County legislature Monday. She\u2019s expected to rip a plan by Las Vegas Sands (NYSE: LVS) to build a new casino hotel near the college in her testimony. Sands\u2019 effort to develop a new gaming venue at the site of the Nassau Coliseum in Uniondale, N.Y., […]<\/p>\n","protected":false},"author":46,"featured_media":269377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810,61],"tags":[81897,81898,81901],"acf":[],"yoast_head":"\nLong Island Casino Opposed By Hofstra President Poser<\/title>\n<meta name=\"description\" content=\"Hofstra President Poser uses flimsy arguments against Sands Long Island casino plan.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long Island Casino Opposed By Hofstra President Poser\" \/>\n<meta property=\"og:description\" content=\"Hofstra President Poser uses flimsy arguments against Sands Long Island casino plan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/\" \/>\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=\"2023-05-08T19:35:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-09T17:22:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\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\/long-island-casino-opposed-by-hofstra-president-poser\/\",\"url\":\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/\",\"name\":\"Long Island Casino Opposed By Hofstra President Poser\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\",\"datePublished\":\"2023-05-08T19:35:49+00:00\",\"dateModified\":\"2023-05-09T17:22:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Hofstra President Poser uses flimsy arguments against Sands Long Island casino plan.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\",\"width\":1200,\"height\":800,\"caption\":\"The Nassau Coliseum. The Nassau County Planning Commission will hold a meeting Thursday to evaluate the county's lease transfer agreement with Las Vegas Sands.(Image: Newsday)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Hofstra President Uses Tired Arguments to Blast Sands Long Island Casino Plan – Opinion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Long Island Casino Opposed By Hofstra President Poser","description":"Hofstra President Poser uses flimsy arguments against Sands Long Island casino plan.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Long Island Casino Opposed By Hofstra President Poser","og_description":"Hofstra President Poser uses flimsy arguments against Sands Long Island casino plan.","og_url":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-05-08T19:35:49+00:00","article_modified_time":"2023-05-09T17:22:17+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/","url":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/","name":"Long Island Casino Opposed By Hofstra President Poser","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg","datePublished":"2023-05-08T19:35:49+00:00","dateModified":"2023-05-09T17:22:17+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Hofstra President Poser uses flimsy arguments against Sands Long Island casino plan.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg","width":1200,"height":800,"caption":"The Nassau Coliseum. The Nassau County Planning Commission will hold a meeting Thursday to evaluate the county's lease transfer agreement with Las Vegas Sands.(Image: Newsday)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/long-island-casino-opposed-by-hofstra-president-poser\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Hofstra President Uses Tired Arguments to Blast Sands Long Island Casino Plan – Opinion"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/272532"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=272532"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/272532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/269377"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=272532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=272532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=272532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}