Sands Long Island Casino Plan Receives Key Endorsement

Las Vegas Sands’ plan to bring a casino hotel to Nassau County, NY has the backing of the Uniondale Chamber of Commerce.

Sands
Nassau Veterans Memorial Coliseum in Uniondale, NY. The president of the local Chamber of Commerce supports Las Vegas Sands’ casino plan for the town. (Image: Steven Ryan/AP)

Uniondale is the town in which Nassau Veterans Memorial Coliseum is located. Earlier this year, Sands moved to acquire gain control of up to 80 acres there. If approved for one of three downstate casino permits, the Las Vegas-based gaming company could build a $4 billion-plus venue on Long Island.

As is par for the course with proposed casino projects, Sands’ Long Island has already drawn some local opposition. That’s the case with several New York City-area casino pitches, but Mariano Ugalde, president of the Uniondale Chamber of Commerce, is on board with the plan. He said when he initially heard about the plan at a chamber he meeting, he was opposed

In the weeks following, I was invited to participate in several conversations with Sands. I prepared to push back against anything that did not make sense for Uniondale. It turns out it’s hard to push back against an authentic interest in our community,” wrote Ugalde in an op-ed for Newsday.

His piece ran about two weeks after Newsday published an op-ed by Hofstra University representatives who don’t favor the Sands casino proposal.

Ugalde Says Sands Allayed Concerns

As is the case with nearly every new casino project in the US outside of Las Vegas, locals have a laundry list of concerns regarding how the proposed venue will affect their daily lives.

Not surprisingly in New York, one of the primary concerns is traffic. In fact, the prospect of less traffic on Long Island relative to Manhattan is one reason former Gov. David Patterson (D-NY), now a Sands lobbyist, pushed his employer to consider Long Island.

“The Coliseum was built to accommodate 15,000-20,000 people at a time, but because Sands’ development is multifaceted, including a hotel, spa, and restaurants, its team said it is unlikely to draw Coliseum-like crowds at any one time,” added Ugalde. “Sands also discussed finally getting the county’s planned Bus Rapid Transit system implemented to allow people to visit by way of Hempstead’s train station, reducing traffic and improving mass transit access to our communities, Nassau Community College, and Museum Row.”

The chamber leader noted many local businesses, including restaurants, are supportive of the Sands casino proposal. For LVS, the location is desirable because Nassau County is the second-most populous county in New York after New York City. Additionally, Long Island is a short drive to the Kennedy and LaGuardia airports.

Ugalde Urges Broad Support for Sands Casino

The timeline for New York officials to award the three downstate permits is murky. Analysts believe it could happen as early as this year, or as far off as 2025.

The field of competitors vying for those permits is large and it’s believed two licenses are already spoken for by MGM’s Empire City Casino in Yonkers in Westchester County, and Resorts World New York in Queens. For his part, Ugalde believes Sands presents itself as a credible partner and the community should support the operator’s Long Island ambitions.

“The question remains: Is Long Island serious about the comeback of the Hub and the success of Nassau County? Over the years, we’ve seen proposal after proposal die, while all types of ‘leaders’ tell the people of Uniondale what’s best for us, without consulting our local Chamber of Commerce,” concluded the chamber president. “We are happy to report: We can speak for ourselves, and we are proud to support this transformational and innovative project.”

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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  • G
    Gmac December 13, 2023
    Watch your gas prices food All soar to higher heights faster than they have been. Instead of falling for the idea of a casino, let's… Watch your gas prices food All soar to higher heights faster than they have been. Instead of falling for the idea of a casino, let's look at the reality of it.
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  • G
    Gmac December 13, 2023
    Building a casino when the true need us affordable housing, shows the greed of the poor leadership of the people occupying the peoples political offices.… Building a casino when the true need us affordable housing, shows the greed of the poor leadership of the people occupying the peoples political offices. The greed in their eyes as they put a casino steps away from our most impressionable youth. They're not helping the slums in Las Vegas or Reno. Quality of life definitely has an improved in Queens with that new casino in the neighborhood. Remember casinos are designed to make money not to help anyone else!
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