Cohen, Hard Rock Lead New York Casino Lobbying Spending Spree
New House of York City lobbyists spent nearly $131 meg utmost yr wooing politicians on a variety of issues, including casinos. Not surprisingly, gaming companies were among the biggest spenders.
A unexampled write up from the Office of the City Clerk indicates that biggest spenders in conclusion yr in terms of New York cassino lobbying were New House of York Mets proprietor Steve Cohen and Hard Rock International, which are partnering on a proposal to play an structured resort to the Citi Field area.
New William Green Willets and Queens Future — 2 entities with ties to Cohen — doled out nearly $1.4 1000000 on casino lobbying efforts last-place year. Hard Rock International, the gaming business organisation of Florida’s Seminole Tribe, spent $660,000 lobbying inward New House of York City inward 2023, according to the report. New Green Willets and Queens Future for each one maintained vii lobbying firms finally year, tied for most inwards the state.
Cohen and Hard John Rock are pitching an $8 one million million project known as Metropolitan Park – 1 that’s been met with livelihood and resistance among locals. The fate of that travail could shortly be set past State Senator Jessica Ramos (D-Queens). If she doesn’t financial support statute law to vary the parkland designation of Willets Point, it could follow a sullen to relocation the Queens gambling casino architectural plan forward.
Genting, MGM Lobbying on New York Casino, Too
Malaysia-based Genting Bhd. and MGM Resorts International (NYSE: MGM) apiece spent nearly $300,000 lowest twelvemonth lobbying New House of York City politicians on the casino issue.
Those expenditures are practical because Genting operates Resorts World New York in Queens and MGM runs Empire City Casino in Yonkers. Both are currently slots-only venues and there’s been rampant speculation that both properties are nearly assured of winning II of the terzetto downstate gambling casino permits New York regulators testament eventually award.
The two operators are preparation as though they’ll live able-bodied to convince those venues to Las Vegas-style casinos. Last November, MGM unveiled plans for a massive service of Empire City spell Genting cobbler's last week said it would spend upward to $5 one million million to convert Resorts World New York into a Strip-esque gambling casino hotel.
New House of York regulators haven’t publicly commented on the odds of Empire City and Resorts World New York winning traditional casino licenses.
Caesars, Wynn Among Other Big Casino Spenders
Wynn Resorts (NASDAQ: WYNN), which is partnering with Related Cos. on a casino hotel project at Henry Hudson Yards, allocated $314,000 to New York City lobbying efforts in 2023, according to City Clerk data.
Bally’s (NYSE: BALY) hired VI lobbying firms in New York, spending $285,000 on those efforts in 2023. The Rhode Island-based regional gambling casino manipulator of late acquired the hire rights to a golf course at Ferry Point inward the Bronx previously managed by the Trump Organization. Bally’s wants to establish a casino resort there.
Caesars Entertainment (NASDAQ: CZR) had New York City lobbying expenditures of $185,000 utmost year. The gaming companion is partnering with existent estate developer SL Green River and rapper Jay-Z on a Times Square gambling casino plan.
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