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New York

Times Square May Get Considered one of the Few Spectacles It Lacks: A Casino

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Mr. Bratton didn’t reply to a request for comment.

“As Recent Yorkers, it’s incumbent on us to maintain ensuring Times Square is maintaining with the times, and doesn’t return to what I’ll call the bad old days of the ’70s or the early ’90s,” said Marc Holliday, the chief executive of SL Green. “And all of us remember what that was like, on the subject of crime, and, you realize, open drug use.”

The casino is anticipated to incorporate a hotel, a wellness center and restaurants, right above the Broadway theater that’s home to “The Lion King” musical and a stone’s throw from the location of the ball drop on Recent 12 months’s Eve.

Earlier this 12 months, the state authorized up to 3 casino licenses for the Recent York City region. Legislators have touted the union jobs, tourists and tax revenue that a casino would attract, citing the incontrovertible fact that the bidding for every license will start at $500 million.

Two existing “racinos” — horse racetracks with video slot machines but no human dealers — are considered front-runners for 2 of the three licenses: Genting Group’s Resorts World Recent York City in Queens and MGM Resorts International’s Empire City Casino in Yonkers, N.Y.

The competition for the third license features lots of the country’s major casino corporations. Steven Cohen, the owner of the Recent York Mets, has been talking with Hard Rock a few casino near the baseball team’s stadium in Queens. Las Vegas Sands has been finalizing plans for its preferred casino location in the realm, and Bally’s Corporation has been scouting for a development partner.

The Wynn-Related proposed casino can be on the undeveloped western portion of the Hudson Yards, which was purported to be accomplished by 2025 and include residential units and parks. Related, the developer of Hudson Yards, said it plans to meet all of its prior housing and public space commitments for the realm.

In a personal pitch deck obtained by The Times, Wynn and Related wrote that Hudson Yards, near the Javits Center, was the best location to focus on “diverse upscale” guests for a casino resort complex.

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