Wynn New York Casino Plan Draws Politicians’ Rebuke

Politicians representing the West Side of Manhattan are voicing opposition to Related Cos.’ development plan for the High Line area, which includes a Wynn Resorts casino hotel.

High Line
Part of the High Line area of New York City. Politicians representing the area are voicing opposition to the Wynn casino plan. (Image: NPR)

The gaming venue is part of a broader $12 billion development plan pitched by Related for the west side of Hudson Yards. It’s expected that if that proposal is allowed to proceed and Wynn wins one of the yet-to-be-awarded downstate casino permits, there would be three towers, including one bearing the gaming company’s name. Some politicians are already opposed to the plan.

Assemblyman Tony Simone (D-District 75) told The New York Post that he’s long opposed the West Side casino effort and unless his constituents change their views on the matter, he expects to remain against it. Simone’s objection to the Related/Wynn plan is noteworthy because he’s slated to be one of the six members of the board that will vote on whether or not to recommend the proposal to the state regulators that will ultimately decide the winners of the three downstate casino licenses.

Criticism of Wynn New York Casino Mounting

Simone’s opposition and that of Assemblywoman Deborah Glick (D-District 66) to the Related/Wynn effort arrived less than two weeks after the High Line, a nonprofit group named after a park on Manhattan’s West Side, officially launched the “Protect the High Line” campaign.

That organization alleges that the real estate developer is attempting to alter a 2009 agreement with the city that, if allowed to proceed, could result in obstructed views and significantly less residential housing than previously expected.

Much of the allure of the High Line is that it includes park space and elevations that allow visitors to gain picturesque views of the Manhattan skyline. Glick, whose district includes the southern portion of the High Line, said in a statement issued to the Post that she opposes any plan that would obstruct High Line views or diminish the overall experience in the area.

Glick and Simone aren’t the first local lawmakers to express concern about Related’s proposal. Earlier this year, Manhattan Community Board 4 (MCB4) questioned the casino plan while displaying dismay about the possibility that the number of housing units will be slashed.

Related Wants Constructive Dialogue

Local opposition is now a hallmark of nearly all of the most visible New York City-area casino bids. That was likely expected by gaming companies and their real estate partners, but that doesn’t mean it can be ignored. The opposite is true.

The bulk of the downstate casino plans aren’t tenable without the gaming venue component, meaning dialogue between casino aspirants and opposition is essential. That’s what Related is seeking.

“We have met with the High Line 10 times and made meaningful amendments to our proposal in direct response to concerns they raised. It is our hope that as good neighbors, they would discuss any further concerns with us directly in the spirit of that constructive dialogue,” according to a statement issued by the developer.

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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