The Las Vegas Sands Corporation announced it will not pursue the casino bid at Nassau Coliseum, citing concerns about the impact of online gambling legalization. The company emphasized its faith in the potential for a land-based casino in New York, considering the Coliseum site as optimal. Sands is negotiating with third parties for the license and plans to ensure the site's development aligns with Nassau County's vision, whether through a casino or another project to spur economic growth. A decision on the casino's inclusion is expected within a month.
We strongly believe in the development opportunity for a land-based downstate casino license in New York... the Nassau Coliseum site is the best location for that development opportunity.
We are in the process of negotiating with a third party to transact the casino license bid for the Nassau Coliseum.
Purchasing the Las Vegas Sands and Sands China shares is the highest and best use of [its] capital.
The county will decide within the next 30 days on whether or not a casino will be a part of the property's development.
Collection
[
|
...
]