{"id":13819,"date":"2025-09-18T08:30:00","date_gmt":"2025-09-18T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&p=13819"},"modified":"2025-09-17T21:11:07","modified_gmt":"2025-09-18T02:11:07","slug":"new-york-casino-race-enters-crunch-time-as-cac-votes-sink-two-manhattan-bids","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/new-york-casino-race-enters-crunch-time-as-cac-votes-sink-two-manhattan-bids\/","title":{"rendered":"New York Casino race enters crunch time as CAC votes sink two Manhattan bids"},"content":{"rendered":"\n

New York\u2019s downstate casino sweepstakes hit a true inflection point this week: the Community Advisory Committees (CACs) voted down<\/strong> two of Manhattan\u2019s splashiest concepts\u2014the Caesars\/SL Green Times Square<\/strong> plan and Silverstein\u2019s West Side project The Avenir<\/strong>\u2014as the September 30 deadline for local approvals bears down. The rejections narrow the field and shift momentum toward Queens, the Bronx and Yonkers as the highest-stakes gaming contest in U.S. urban development barrels ahead .<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

Under New York\u2019s rules, each bid needs a two-thirds CAC majority<\/strong> to advance to the state selection stage. For most city proposals, that means four of six votes<\/strong>; for MGM Empire City<\/strong> in Yonkers, it\u2019s four of five<\/strong>. The New York Gaming Facility Location Board (GFLB) won\u2019t consider projects that fail locally, making CAC outcomes the practical gatekeeper.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The Times Square<\/strong> bid\u2014backed by Caesars Entertainment, SL Green<\/strong> and Roc Nation<\/strong>, the entertainment powerhouse founded by Jay-Z<\/strong>\u2014fell 4\u20132<\/strong> on Wednesday after a year of fierce neighborhood pushback led by the Broadway League<\/strong>, which warned a casino could undercut the theater district\u2019s cultural and economic fabric. Supporters highlighted tourism potential, minority ownership opportunities, and Roc Nation\u2019s promise of local hiring pipelines.<\/p>\n\n\n\n

Jay-Z himself had positioned the project as a chance to \u201creimagine Times Square for the 21st century,\u201d but the CAC wasn\u2019t persuaded. Result: the Times Square casino is dead<\/strong> for this cycle.<\/p>\n\n\n\n

Minutes later, the CAC dealt a similar 4\u20132<\/strong> defeat to The Avenir<\/strong>, a $7B Hell\u2019s Kitchen proposal from Silverstein Properties<\/strong> with Rush Street<\/strong> and Greenwood<\/strong> as gaming partners. That double-hit effectively wipes out Manhattan\u2019s most visible bids and resets the map for the final stretch.<\/p>\n\n\n\n

An Asian takeover? Genting\u2019s full acquisition raises stakes in New York<\/a><\/p>\n\n\n\n

Elsewhere, the spotlight swung to Freedom Plaza<\/strong>\u2014Soloviev Group<\/strong> with Mohegan<\/strong>\u2014which held its second public hearing<\/strong> at Scandinavia House. The $11B plan near the U.N. bundles a casino with two hotel towers, residential components and a Museum of Democracy<\/strong>. Mohegan\u2019s Nelson Parker said internal polling shows support nudging up from 61% (Dec. 2024) to 66% (Sept. 2025)<\/strong>, though local critics remained vocal about dropping a gaming floor into a dense residential zone. No CAC vote has been scheduled yet.<\/p>\n\n\n\n

Times Square Casino Bid Levels the Playing Field with $500 Entry Ownership<\/a><\/p>\n\n\n\n

Across the East River, Resorts World NYC<\/strong> in Queens<\/strong> is pressing its case to convert from a VLT racino to a full commercial casino<\/strong> via a $5.5B phased expansion<\/strong>. A second CAC hearing drew overwhelming support<\/strong>\u2014including from state Sen. Joe Addabbo Jr.<\/strong>, who called the property a \u201cproven commodity\u201d for Ozone Park and the state. The pitch leans hard on speed-to-market, existing labor\/zoning frameworks and shovel-ready status.<\/p>\n\n\n\n

Eight contenders, three licenses: NYC casino race heats up with billions, politics and public impact at stake<\/a><\/p>\n\n\n\n

In the Bronx<\/strong>, Bally\u2019s<\/strong> is still alive\u2014but not unscathed. Instead of forcing a vote, the CAC issued a sweeping amendment request<\/strong> that sets conditions across nine buckets (local hiring, traffic mitigation, parkland, environmental quality and a community benefits fund). Bally\u2019s faces a Sept. 19, 5 p.m. ET<\/strong> response deadline; silence counts as rejection of the amendments. It\u2019s the first time any CAC has formally tried to reshape a bid mid-process, signaling real leverage\u2014and real uncertainty\u2014before Sept. 30.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

With Manhattan\u2019s two headliners out<\/strong>, attention consolidates around:<\/p>\n\n\n\n

    \n
  • Resorts World NYC (Queens)<\/strong><\/li>\n\n\n\n
  • MGM Empire City (Yonkers)<\/strong><\/li>\n\n\n\n
  • Bally\u2019s Bronx (Ferry Point)<\/strong><\/li>\n\n\n\n
  • Coney Island (Brooklyn)<\/strong><\/li>\n\n\n\n
  • Freedom Plaza (Manhattan East Side)<\/strong><\/li>\n\n\n\n
  • Citi Field\/Queens<\/strong> concepts still in play.<\/li>\n<\/ul>\n\n\n\n

    The CAC outcomes now dictate which of these can even reach Albany.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    What\u2019s next:<\/strong> CACs must complete hearings (minimum two per bid) and votes by Sept. 30<\/strong>. Projects that clear that bar move to the GFLB<\/strong> for full scoring and negotiation, with up to three licenses<\/strong> expected to be awarded afterward. Given Wednesday\u2019s high-profile denials, stakeholders should expect intensifying community concessions, revised benefits packages and rapid-fire politicking over the next two weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The Avenir\u2014as the September 30 deadline for local approvals bears down. The rejections narrow the field and shift momentum toward Queens, the Bronx and Yonkers as the highest-stakes gaming contest in U.S. urban development barrels ahead .<\/p>\n","protected":false},"author":1,"featured_media":13822,"menu_order":0,"comment_status":"closed","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":[1],"tags":[1458,57,1564],"class_list":["post-13819","america","type-america","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-america","tag-casinos","tag-new-york","entry"],"yoast_head":"\nNew York Casino race enters crunch time as CAC votes sink two Manhattan bids - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"The Avenir\u2014as the September 30 deadline for local approvals bears down. 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