Revised Hudson Yards development plan includes Wynn Casino
Related Companies has disclosed a revised plan to develop the west side of Hudson Yards, a residential and commercial district within Manhattan. According to CEO Jeff Blau, the $10 billion ($827.7 billion) project will begin with a 279,000-square-foot resort tower under the Wynn brand.
According to the plan, over 23,000 square meters will be allocated for gaming operations in the new skyscraper. Visitors will be offered poker, craps, blackjack and roulette. Also, the complex will include luxury stores, restaurants and a 1,700-room hotel. The latter is designed to solve the problem of accommodating visitors to Javits Center, located nearby conference center.
Blau said, The Javits Center just expanded, but continues to lose competition to other cities because it doesn’t have a hotel. The general manager said Wynn has experience with booking conferences and can be a big help in organizing events from other cities. Of the project as a whole, the general manager said: It’s going to be one of the most incredible high-rise buildings in New York City.
Wynn Resorts and Related Companies announced plans to be in the running for one of three New York City casino licenses last September. The project’s chances now look high, but Wynn still needs to beat the competition. In addition to the Hudson Yards proposal, projects for potential casino complexes on Coney Island, Times Square and other locations are in the race.
The next round of the casino selection process will probably take place in July. Candidates will meet with state representatives and make their final proposals in the fall. The local Gaming Commission is expected to announce the winners by the end of 2023.
Noteworthy: Caesars reveals new details about the Times Square casino complex project.
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