The 42-year lease agreement was signed off by the Nassau County Planning Commission last week and approved by the Nassau Country Legislature Rules Committee this Monday
Las Vegas Sands has celebrated a major milestone, which brought it closer to the fulfillment of its NY casino plans. The company, which hopes to create an integrated resort at the Nassau Coliseum on Long Island, just secured a key approval from the Nassau Country Legislature Rules Committee.
The approval greenlights a 42-year lease on the building, bringing the casino and hospitality company’s plans closer to reality. The approval by the committee means that the lease will now go to the legislature for further voting.
The 42-year lease agreement was signed off by the Nassau County Planning Commission last week. This development followed a major setback that saw LVS’s earlier lease agreement invalidated on the grounds that it violated the state’s open meeting laws.
If LVS is to launch casino gaming, however, it would still need to secure one of the three yet-to-be-awarded downstate New York casino licenses. The licenses in question are expected to be awarded in 2025.
Should the company secure one of the coveted licenses, it would build a multi-billion-dollar flagship hospitality, entertainment and casino project at the landmark Nassau Coliseum site. The resort is expected to offer supreme gaming experiences, as well as a 5-star hotel, multiple restaurants and a variety of entertainment and leisure options.
Las Vegas Sands has a history of benefitting the communities it serves and is among the frontrunners in the casino license race.
Not Everyone Is Happy with LVS’s Progress
Las Vegas Sands’ New York casino has secured support from a variety of organizations, such as the Nassau Community College, Long Island University and Hempstead Chambers of Commerce. These applauded the casino plans as an opportunity to create thousands of new jobs and enhance economic opportunities in the region.
However, not everyone is on board with the casino plans.
Nassau Country residents and community leaders recently gathered in protest against LVS’s new casino. The property, which is set to become the second-largest casino in the United States, doesn’t sit well with many locals, who argue that the casino would overwhelm local infrastructure and alter the community’s character.
Say No to the Casino Civic Association is one of the main organizations fighting against LVS’s casino at the Nassau Coliseum.
