October 29, 2021 · Commercial Gaming Gaming Business

Hard Rock Hopes to Roll Into NYC, New Jersey with Two Casino Resorts

Hard Rock International is 1 of the world’s largest operators of integrated casino resorts. The fellowship hopes to soon spread out its portfolio to the most populated tube inwards the United States.

Hard Rock, the hospitality and gaming empire owned past the Seminole Tribe of Florida, has long sought market accounting entry in New House of York City and northern New Jersey. Speaking this hebdomad on the sidelines of the East Coast Gaming US Congress at Harrah’s Atlantic City, Hard Rock International Chairman Jim Ethan Allen said those aspirations remain.

We’re interested inward both markets, and if god is good enough to grant us to operate inward both, we would live happy to ut so,” Gracie Allen told the Associated Press.

Hard Rock is already inward New island of Jersey past right smart of its Hard John Rock Hotel & Casino Atlantic City. The accompany inward 2018 spent more than $500 zillion transforming the former Trump Taj into its sway ‘n’ roll-themed Boardwalk resort.

New House of York State of Mind

Hard Rock inward June of 2015 partnered with Meadowlands Racetrack possessor Jeff Gural to evolve a large-scale casino resort hotel should such a externalise ever take in effectual approval. The gymnastic horse track and FanDuel sportsbook installation is placed conterminous to MetLife Stadium inward Orient Rutherford, N.J., nursing home of the NFL New York Giants and Jets.

Gural and Hard Rock successfully campaigned inwards 2016 to enquire New Jersey voters if they wished to spread out land-based casino gaming remote of Atlantic Ocean City. But the ballot referendum was easily rejected, nearly 78 percent of voters expression casinos should stick inward Atlantic City.

Failed ballot referendums inward New island of Jersey cannot turn before voters for at to the lowest degree II years. Gural said after the ineffectual exertion that patience is Florida key to bringing his Meadowlands a casino.

“I’d instead hold back vi years until New House of York is either opened or getting ready to open, at which repoint I suppose voters will say, ‘Wait a second, what are these Atlantic City people arguing?'”

New York’s 2013 gaming elaboration called for quaternary commercial-grade casinos upstate, positive threesome gaming licenses earmarked for NYC. But the state mandated a 10-year moratorium on the downstate developments inward say to consecrate the upstate casinos clip to set up their client bases. 2023 is speedily approaching, and New York latterly issued a call for for information to cassino ops that are interested inwards the forthcoming market.

Allen explained that the companion testament respond to New York’s bespeak before its December 10 deadline.

Market Supports Multiple Properties

As for pursuing New York City patch noneffervescent occupied inward its Meadowlands pact, Allen said Hard Rock would follow subject of owning and operating ii large casinos inward the Big Apple and crossways the W. H. Hudson River inward Frederick North Jersey. The gaming exec said the large population inward the tube surface area — or so 20 jillion people, the largest inward the US  — would all allow several resorts to live profitable.

How many casinos manage you hold lined upwardly here?” Gracie Allen asked patch being interviewed past the AP in Atlantic City. The townspeople currently has nine casinos operating.

“One century percent, the securities industry is large enough,” Gracie said of building in NYC and North Jersey.

As for now, there are no dynamic campaigns to ask New Jerseyans once again if they want to grant casinos out of doors of Atlantic City.

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