Sands Corp to focus on New York after Texas gaming legislation pulled
Despite plans falling through in Texas, Sands Corp has more than enough to work on regarding its project in New York City.
The Las-Vegas based Sands Corp stated that its executives were too busy planning projects regarding the upcoming New York legislation to worry too much about the failed Texas movement.
House Joint Resolution 155 was intended to give voters in Texas the opportunity to decide themselves whether to allow legalized casino gambling, by amending the state’s constitution.
However, it was withdrawn when it was determined that the legislation would not be able to get enough votes for passage.
According to local media, Sands has now focused its attention on a different state altogether.
After the Nassau County Legislature voted on Monday to allow the transfer of the Nassau Coliseum to Sands, the company will be able to apply for a New York gaming license.
Despite several people opposing the plants at the public hearing, the vote was eventually tallied at 17-1 for the transfer.
Richard Nicolello, County Legislature Presiding Officer, said, “As it stands now, it’s 72 paved acres with an obsolete arena. We’re teetering on the edge of a recession, as we have been for a while.
“The office market is flat, to be generous. … Chances are if this falls through, this proposal, it’s going to remain an eyesore, 72 acres of parking lot and an obsolete, fading arena.
“If we approve this lease transfer, the first thing that it does, and the most important thing, is that it gives Las Vegas Sands an opportunity to apply for a gaming license.”
There are currently three downstate casino licenses up for grabs, with one likely going to MGM and another going to Resorts World.
While Sands is hoping to apply for the third one, it will be joining a long list of additional applicants.
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