Las Vegas Sands has withdrawn from bidding for a New York City casino license for a potential casino resort at Nassau Coliseum. This decision follows the company's hesitation to invest due to the prospects of legalized online gaming in New York. Sands is now seeking to transfer the opportunity to another interested party. County officials are set to decide in the coming month whether to proceed with casino plans or develop the site differently. Controversy surrounds the project, including opposition from Hofstra University and residents, questioning the process's transparency.
We are in the process of attempting to secure an agreement with a third party to whom we can transact the opportunity to bid for a casino license on the Nassau Coliseum site.
Nassau County will crystallize within the next 30 days whether or not to entertain a casino component or develop the site without.
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