Las Vegas Sands has officially withdrawn its bid for a casino license at the Nassau Coliseum, expressing worries about the impact of potential iGaming legislation on market conditions. While they believe the Nassau site is ideal for a land-based casino, they are now negotiating with third parties for a new bid. Should these negotiations not succeed, the Sands plans to collaborate with county officials for respectful site development. Meanwhile, Nassau County remains actively engaged with other gaming organizations to explore alternative proposals, with a decision on future developments expected soon.
Las Vegas Sands has decided not to pursue a casino bid at Nassau Coliseum due to concerns about the potential legalization of iGaming impacting market returns.
The Sands continues to believe in the development opportunity of a land-based downstate casino license in New York, citing Nassau Coliseum as the best site.
If a third-party agreement cannot be reached for the Nassau Coliseum casino bid, Las Vegas Sands expressed willingness to work with Nassau County for site development.
Nassau County is in confidential discussions with other gaming organizations for a potential casino bid, with a decision expected within 30 days.
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