{"id":318351,"date":"2024-04-25T21:33:07","date_gmt":"2024-04-26T02:33:07","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=318351"},"modified":"2024-04-26T09:05:24","modified_gmt":"2024-04-26T14:05:24","slug":"nassau-county-to-redo-lease-approval-in-bid-to-help-sands","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/","title":{"rendered":"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands"},"content":{"rendered":"

Nassau County officials will reconfigure a previously reached lease agreement with Las Vegas Sands pertaining to the Nassau Coliseum in Uniondale, NY to help the gaming company procure one of three downstate casino licenses.<\/p>\n

\"Hofstra\"
Nassau County Executive Bruce Blakeman. The county will rework its Nassau Hub lease pact with Las Vegas Sands to assist the gaming company’s casino bid. (Image: YouTube)<\/figcaption><\/figure>\n

Last May, Nassau County legislators<\/a> voted 17-1 in favor of granting Sands a 99-year lease to develop county-owned land on the Nassau Hub site. It was later reported that the gaming company paid $241 million for those rights. Last November, New York State Supreme Court Justice Sarika Kapoor annulled that accord, saying that Hofstra University, which brought the case against the county, demonstrated that the manner in which the county transferred the lease to Sands was \u201can attempt to avoid public scrutiny.\u201d<\/p>\n

That ruling was upheld in February with the court noting the county violated New York\u2019s environmental review and open meeting laws.<\/p>\n

In spite of delays and changing circumstances, we are fully committed to deal with Sands to bring a world-class hotel, entertainment center, casino and spa to Nassau County,\u201d said Nassau County Executive Bruce Blakeman, a Republican, in a statement to News\u00a0 12<\/em>.<\/p><\/blockquote>\n

Sands has yet to comment on the new lease deal.<\/p>\n

Hofstra Rift Leads to Nassau County Woes for Sands<\/h2>\n

LVS wants to build a $6 billion casino hotel at the Coliseum hub, a site that has gone underutilized since the New York Islanders moved to Brooklyn following the 2014-15 season.<\/p>\n

Hofstra has been a vocal critic of the Long Island casino plan and the university\u2019s legal maneuverings were viewed by some legal experts as a potential stumbling block to what\u2019s widely been viewed as one of the most viable of the downstate casino pitches.<\/p>\n

\n

The rift between the county and Hofstra intensified earlier this year amid speculation that representatives of Hofstra have been in touch with a lobbyist with ties to New York Mets owner Steve Cohen and Hard Rock International, who are bidders for a Queens casino license. That prompted Blakeman to levy allegations of collusion<\/a> against the college.<\/p>\n<\/div>\n

Hofstra\u2019s position has been that it doesn\u2019t oppose integrated resorts in the New York City area, but it doesn\u2019t want one close to campus.<\/p>\n

Next Steps for Nassau County, Sands Not Yet Clear<\/h2>\n

For now, the next steps that will be taken by Nassau County and Sands aren\u2019t clear nor has either stakeholder commented on whether or not there be financial ramifications of a reworked lease agreement.<\/p>\n

A potential outcome is that by Nassau County altering the lease transfer pact, the county could quash the Hofstra case, thus removing an obstacle to Sands\u2019 efforts to pursue a New York gaming license.<\/strong><\/p>\n

On the company\u2019s first-quarter earnings conference call earlier this month, CFO Patrick Dumont<\/a> said the New York bidding process lacks clarity and has been \u201cconfusing and disappointing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Nassau County officials will reconfigure a previously reached lease agreement with Las Vegas Sands pertaining to the Nassau Coliseum in Uniondale, NY to help the gaming company procure one of three downstate casino licenses. Last May, Nassau County legislators voted 17-1 in favor of granting Sands a 99-year lease to develop county-owned land on the […]<\/p>\n","protected":false},"author":46,"featured_media":307045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,60,86438],"tags":[81897,81928,86457],"acf":[],"yoast_head":"\nNassau County to Redo Lease Approval in Bid to Help Sands<\/title>\n<meta name=\"description\" content=\"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands\" \/>\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\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nassau County to Redo Lease Approval in Bid to Help Sands\" \/>\n<meta property=\"og:description\" content=\"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/\" \/>\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=\"2024-04-26T02:33:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-26T14:05:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.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\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/\",\"url\":\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/\",\"name\":\"Nassau County to Redo Lease Approval in Bid to Help Sands\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.jpg\",\"datePublished\":\"2024-04-26T02:33:07+00:00\",\"dateModified\":\"2024-04-26T14:05:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Nassau County Executive Bruce Blakeman. He said the county is working on a new lease agreement for Nassau Hub with Las Vegas Sands. (Image: YouTube)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#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\":\"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands\"}]},{\"@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":"Nassau County to Redo Lease Approval in Bid to Help Sands","description":"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/","og_locale":"en_US","og_type":"article","og_title":"Nassau County to Redo Lease Approval in Bid to Help Sands","og_description":"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands","og_url":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-04-26T02:33:07+00:00","article_modified_time":"2024-04-26T14:05:24+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.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\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/","url":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/","name":"Nassau County to Redo Lease Approval in Bid to Help Sands","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.jpg","datePublished":"2024-04-26T02:33:07+00:00","dateModified":"2024-04-26T14:05:24+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/01\/BB2.jpg","width":1280,"height":720,"caption":"Nassau County Executive Bruce Blakeman. He said the county is working on a new lease agreement for Nassau Hub with Las Vegas Sands. (Image: YouTube)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/nassau-county-to-redo-lease-approval-in-bid-to-help-sands\/#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":"Nassau County to Redo Lease Approval in Bid to Help Las Vegas Sands"}]},{"@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\/318351"}],"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=318351"}],"version-history":[{"count":4,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/318351\/revisions"}],"predecessor-version":[{"id":318380,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/318351\/revisions\/318380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/307045"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=318351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=318351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=318351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}