Manhattan Looks Prime For A New Casino
With New York in need of various revenue sources, real casino developers and gambling enthusiasts are trying to boost interest in long kept proposal; a casino in New York.
The plan is not new, and casino operators have been trying for ages to take advantage of the vacant New York City market for years, with emphasis on the vastly populated and tourists friendly Manhattan. The location is considered a prime region, with all the characteristics to be an attractive gaming destination for gamblers.
In the past, state lawmakers have previously opposed any efforts by gambling companies to implement their plans in the city. More recently, Governor Andrew Cuomo has opposed any gaming plans.
But the recent developments mean such oppositions could be laid to rest due to the fact that New York is currently facing a $15 billion debt.
Casino Proposals
Vornado Realty Trust has pitched a casino on its property. People privy to the proceedings suggest that the idea has lots of weight and backing. In addition, Morris Bailey, the owner of Resorts Casino Hotel in Atlantic City, has indicated plans to build a casino at the site of the former McAlpin Hotel.
L&L holding company has also tossed its hat in contention of building a casino in Manhattan. The casino will be a $2.5 billion masterpiece positioned at the intersection of 47th Street and Broadway. It will be a 46-story masterpiece that will house close to 700 room hotel and a state-of-the-art theater.
The fact that there are lots of proposals and ideas about building a casino in New York City shows that people are moving past their reservations about gambling in the state.
