{"id":11752,"date":"2025-05-14T13:31:39","date_gmt":"2025-05-14T13:31:39","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&#038;p=11752"},"modified":"2025-05-14T13:31:39","modified_gmt":"2025-05-14T13:31:39","slug":"solovievs-casino-bid-promises-public-ownership-but-faces-manhattan-politics-and-fierce-competition","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/solovievs-casino-bid-promises-public-ownership-but-faces-manhattan-politics-and-fierce-competition\/","title":{"rendered":"Soloviev\u2019s Casino Bid Promises Public Ownership, But Faces Manhattan Politics and Fierce Competition"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The race for one of <strong>New York State\u2019s three downstate casino licenses<\/strong> has intensified, with proposals ranging from resort-style expansions to luxury developments in Manhattan. At the center of attention is a bold new plan from <strong>Soloviev Group<\/strong>, offering not just a casino\u2014but a slice of ownership for everyday New Yorkers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/america\/trumps-big-gamble-115-million-jackpot-on-new-yorks-casino-future\/\" target=\"_blank\" rel=\"noreferrer noopener\">Trump\u2019s Big Gamble: $115 Million Jackpot on New York\u2019s Casino Future<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal, branded <strong>Freedom Plaza<\/strong>, would be located on Soloviev\u2019s own 6.7-acre property near the United Nations in Midtown East Manhattan. The plan includes a <strong>casino resort operated by Mohegan Gaming<\/strong>, along with public green space, a museum, and cultural facilities. But its most disruptive element is the promise that <strong>residents could become partial owners<\/strong> of the casino through a new investment model\u2014a first for New York gaming.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">CEO <strong>Stefan Soloviev<\/strong> stated that the project aims to \u201credistribute opportunity\u201d and directly benefit the community. While details of the ownership mechanism remain under development, the message has been clear: this is a people\u2019s casino, not just another corporate megaproject.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Still, the Manhattan location presents a major challenge. Political and community resistance to new gambling venues in the borough remains strong, and other contenders are playing it safer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/america\/scandal-breaks-out-against-the-new-york-gaming-commission-nygc-will-affect-the-casino-project\/\" target=\"_blank\" rel=\"noreferrer noopener\">Scandal breaks out against The New York Gaming Commission (NYGC), will affect the Casino Project?<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MGM Resorts<\/strong> and <strong>Genting Group<\/strong> are bidding to upgrade their existing facilities\u2014<strong>Empire City Casino in Yonkers<\/strong> and <strong>Resorts World NYC at Aqueduct<\/strong>, respectively\u2014into full-scale casinos. Both benefit from operating racinos with large customer bases and existing infrastructure, and face far less opposition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, <strong>Wynn Resorts<\/strong>, in partnership with Related Companies, has proposed a casino at <strong>Hudson Yards<\/strong>. Though the site boasts prime real estate and luxury appeal, it too is subject to the same community pushback that has dogged Manhattan-based bids.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Industry analysts note that while Soloviev\u2019s <strong>ownership-sharing model<\/strong> is unique and potentially appealing to regulators seeking public support, it also adds legal and logistical complexity. With New York\u2019s final decision expected later this year, the contest is shaping up as a test of <strong>public innovation versus political feasibility<\/strong>\u2014and whether grassroots participation can overcome the entrenched advantages of established gaming operators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soloviev Group proposes New York casino with public ownership model, competing against MGM, Genting, and Wynn for a coveted downstate license.<\/p>\n","protected":false},"author":1,"featured_media":11753,"menu_order":78,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[1458,57,2002],"class_list":["post-11752","america","type-america","status-publish","format-standard","has-post-thumbnail","tag-america","tag-casinos","tag-newyork","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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