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Tag: LAS VEGAS SANDS

  • Las Vegas Sands Continues Pouring Money Into Texas Politics

    Posted on: October 14, 2025, 10:21h. 

    Last updated on: October 14, 2025, 10:32h.

    • Las Vegas Sands remains invested in Texas politics
    • Sands wants to build a casino resort in Dallas
    • Sands is heavily backing Texas Senate candidate John Huffman

    Las Vegas Sands has contributed millions of dollars to political races in Texas over the past few years. Despite little return on the many campaign contributions, the world’s largest casino operator by market capitalization is showing no signs of folding.

    Las Vegas Sands Texas politics John Huffman
    Texas Senate candidate John Huffman posted a photograph of his family looking over the Bellagio Fountains on X. Huffman is being heavily supported by the casino lobby and Las Vegas Sands, though he wrote in July that Las Vegas is not his “style.” (Image: X)

    According to campaign finance records disclosed by the Texas Ethics Commission, Texas Sands PAC last month gave state Senate District 9 Republican candidate John Huffman $500K. Huffman, a former city councilor and mayor of Southlake in the Dallas/Fort Worth suburbs, is a self-described “true fiscal conservative” who seeks to cut taxes and reduce regulation.

    Sands sees Huffman as a possible state lawmaker who might get on board with the idea of casino gambling as an economic stimulator that could lessen the tax burden on Texans, and keep the many millions of gaming dollars from flowing annually to Oklahoma tribal casinos and commercial casinos in Lake Charles, La. Huffman’s chief opponent for the November 9 special election — Republican Leigh Wambsganss — is on record saying she doesn’t believe gambling is good for society.

    The research is conclusive — gambling has a negative impact on families and has a detrimental effect on the community as a whole,” Wambsganss told the Texas Scorecard. “I do not think expanded gambling is right for Texas.”

    Huffman says voters — not state lawmakers — should decide whether casinos are right for Texas.

    If voters choose expansion, it should be limited, well-regulated, and focused on a small number of high-end destination resorts that create jobs and attract tourism,” Huffman said.

    Sands’ largest shareholder is billionaire Dr. Miriam Adelson, who, along with her son-in-law, Patrick Dumont, controls the NBA’s Dallas Mavericks. In late 2023, the Adelsons bought a 69% position in the Mavs from Mark Cuban for about $3.8 billion. 

    Casino Lobby

    Adelson’s late husband, Sheldon Adelson, the founder and longtime chair and CEO of Sands, had sought entry into Texas for many years. Adelson is carrying on her husband’s ambitions.

    Adelson’s purchase of the Mavs is thought to give the businesswoman and philanthropist an upper hand in Austin in convincing lawmakers to consider gaming. Her crusade is supported by Cuban, who believes Texas needs to diversify its leisure travel attractions. Adelson and Cuban have suggested building a new NBA arena accompanied by an integrated resort casino.

    Adelson and Sands are the lone financiers of Texas Sands PAC. In August, she gave $9.1 million to the political action committee. Sands gave $4,500.

    Adelson is also a major backer of the Texas Defense PAC. That committee gave Huffman almost $600K. The Adelson-based committees collectively account for about 94% of Huffman’s total campaign war chest.

    Political Irony

    Huffman believes it’s quite ironic that Wambsganss opposes casinos in Texas, considering her family made money off gaming. Those claims stem from her husband previously being an investor in a skill gaming manufacturing company that primarily operated in Virginia, the state in which Wambsganss was born before moving to Texas as a child with her military parents.

    Skill games in Virginia have been illegal since July 2021, though legal challenges continue. Skill games are slot-like machines that require players to identify winning paylines.

    Huffman’s support of casinos is also a bit ironic. Last summer, he posted his family’s favorite cities across the US after being “blessed to travel to all 50 states.” His review for Las Vegas wasn’t exactly an endorsement.

    We didn’t gamble — obviously — but we walked the Strip, marveled at the Bellagio Fountains, and soaked in the sensory overload. Glad the kids saw it, but no one was in a hurry to return. Just not our style,” Huffman summarized.

    The Texas politician ranked Las Vegas No. 16 among 21 major cities they visited.

    Devin O’Connor

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  • Las Vegas Sands Among Businesses That Met With China Premier

    Posted on: September 27, 2025, 03:08h. 

    Last updated on: September 27, 2025, 03:09h.

    • Las Vegas Sands CEO Rob Goldstein met with Chinese Premier Li Qiang
    • The Chinese leader expressed enthusiasm for strengthening his country’s relationship with the US
    • Sands operates five casinos in China’s Macau

    Robert Goldstein, the chairman and CEO of Las Vegas Sands, who assumed the roles in January 2021 following the death of his longtime boss and mentor, Sheldon Adelson, was among the American business leaders who met last week with Chinese Premier Li Qiang.

    Las Vegas Sands Robert Goldstein China
    The Venetian on the Cotai Strip in Macau, owned by Las Vegas Sands, is seen. Sands’ top executive, Robert Goldstein, met recently with Chinese Premier Li Qiang. (Image: Shutterstock)

    For decades, Goldstein was Adelson’s right-hand man. Adelson, the founder and longtime chair and CEO of Sands, was responsible for overhauling China’s Macau into the world’s richest gaming hub by developing the ultra-luxurious Cotai Strip.

    During his trip to the US to attend a meeting of the UN General Assembly in New York, Li, Chinese President Xi Jinping’s right-hand man, who is the second most important leader in China, met with several executives from major American companies that do business with China, with LVS among them.

    Las Vegas-based Sands no longer has any resorts in Las Vegas or anywhere else in the US. The firm instead relies primarily on Macau, along with its Marina Bay Sands in Singapore.

    Chinese Meeting

    Goldstein was one of at least eight business leaders who met privately with Li in New York on Thursday after the UN gathering. Goldstein’s attendance was first reported by Bloomberg.

    Looking forward, China and the US need to find the right way to get along in this new era,” Li said at the event hosted by the National Committee on US-China Relations, according to a readout posted by the Chinese government. “Economic and trade relations are an important part of our bilateral relationship.”

    Li said that the world’s two largest economies “can and should become friends and partners.”

    Those are welcome comments for Sands, which owns and operates five integrated resort casino properties in China — The Venetian, Sands, The Londoner, The Plaza & Four Seasons Hotel, and The Parisian. In 2024, Sands’ Macau operations generated net revenue of more than $7.1 billion for the company.

    President Donald Trump’s tariff war and ongoing threats to the Chinese economy have caused some concern among the three US-based gaming operators invested in Macau that they could be targeted for retaliation. Along with Sands, MGM Resorts and Wynn Resorts own casinos in Macau.

    Li’s comments, however, suggest the Chinese Communist Party is seeking to strengthen its US relationship.

    Regardless of changes in the external environment, China will make every possible effort to ensure greater certainty for the growth of foreign companies,” Li added.

    The premier said the Pacific Ocean is “wide enough” to accommodate a strong bilateral relationship between the US and China, but also additional countries. Li urged both sides and parties to “strengthen cooperation.”

    Li Power

    Along with Goldstein and Sands, Li reportedly invited leaders from BlackRock, Citadel Securities, Visa, FedEx, Estee Lauder, and Amphenol.

    As premier, a position he’s held since March 2023, Li has been considered pro-business. The premier is the head of the People’s Republic of China government and leads the State Council.

    Goldstein plans to step down next year. He’s set to be replaced by Sands President and COO Patrick Dumont, the son-in-law of Sands’ largest shareholder, Dr. Miriam Adelson, the widow of the late Sheldon Adelson.

    Devin O’Connor

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  • Nassau Legislature approves Coliseum lease transfer | Long Island Business News

    Nassau Legislature approves Coliseum lease transfer | Long Island Business News

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    The Nassau County Legislature voted Monday night 19-0 to approve the transfer of the Nassau Coliseum lease to Las Vegas Sands. 

    A second vote of 18-1 declared the Legislature the lead agency for the environmental review that would pave the way for Sands to have development rights to the property. Las Vegas Sands has proposed to build a $4 billion casino/resort on the 70-acre Uniondale site. 

    This environmental review was required in a ruling by State Supreme Court Justice Sarika Kapoor in February. The term of the lease is 27 years with three, five-year options, the same as the previous lease held by Nassau Live Center LLC, the former operator of the Coliseum. 

    The transfer of the Coliseum lease comes amid an ongoing battle between the county and Hofstra University, which won a lawsuit last year that claimed the county’s Planning Commission had violated the state’s Open Meetings Law by not providing a proper public hearing on the lease transfer and failed to give a “hard look” when considering the project’s environmental impact. Judge Kapoor ruled that the initial transfer of the Coliseum lease to Sands in May 2023 was improper and voided the lease. 

    Las Vegas Sands has invested a fortune in preparation for its proposed development, including a $54 million payment to the county, $241 million to Nassau Live Center LLC the former leaseholder to the Coliseum property, and millions more in its lobbying effort to secure a casino license from the state. The license bid from Sands is among several proposals seeking one of the three downstate casino licenses the state will be awarding. Sands has said that it will still develop a resort and entertainment complex on the site even if it isn’t awarded a casino license. 

    On July 22, several labor groups and business leaders held a rally outside the Nassau County Executive Building in Mineola to urge the Legislature to approve the lease transfer, claiming that it was needed to save the jobs of more than 400 union workers at the Coliseum. 

    An opposition group, Say No to the Casino Civic Association, which held a press conference at county offices in Mineola before the vote, has called on state officials to disqualify Las Vegas Sands from consideration for one of the casino licenses for “repeated failures to follow the State Environmental Quality Review Act (SEQR) and site selection guidelines,” it wrote in a written statement. It added that “If the county leadership truly cares about the Coliseum jobs, they can simply enter into a management agreement with an operator to run the Coliseum until the future of the site is fully resolved, or until new leadership develops a vision for the Nassau Hub that does not include a predatory casino in the heart of our community.” 

    However, many in the area’s business community and labor organizations were in support of the lease transfer, as well as the Sands proposed development.  

    “This is a once in a generation opportunity to finally redevelop the Nassau Hub and support new job creation, economic activity, and opportunities for small businesses,” Matt Cohen, president and CEO of the Long Island Association said via email. “Long Island should roll out the welcome mat for international companies that want to invest multiple billions of dollars to revitalize our region and be a committed community partner.” 

    Matthew Aracich, president of the Building and Construction Trades Council of Nassau and Suffolk Counties, said today’s vote on the lease transfer is about securing and protecting careers for over 400 people who work at the coliseum. “Approving the lease for the Sands means they will be able to continue to provide for their families, and that the coliseum will continue to be able operate.” 

    David Winzelberg

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  • Marina Bay Sands to Build Fourth Tower by 2029

    Marina Bay Sands to Build Fourth Tower by 2029

    Marina Bay Sands (MBS), Singapore’s renowned casino and hotel resort, is embarking on a significant expansion of its downtown property, with plans to construct a fourth tower by 2029. After being hindered by the COVID-19 pandemic, MBS announced on Friday that full-scale construction will commence by July 2025, aiming for completion by July 2029.

    The Venue Remains Integral to Singapore’s Tourism

    The ambitious expansion project first revealed in 2019 with a budget of 4.5 billion Singapore dollars ($3.33 billion), faced substantial delays due to pandemic-induced shutdowns. However, with ongoing support from the Singapore government, MBS is moving forward with its visionary plans to enhance the city-state’s leisure and business tourism appeal.

    Patrick Dumont, president and chief operating officer of MBS’s parent company, Las Vegas Sands, emphasized the significance of the expansion in driving high-value tourism growth to Singapore. He highlighted that the project would optimize the venue’s programming elements while aligning with Singapore’s strategic objectives. The expansion aims to play a pivotal role in attracting more travelers to Singapore.

    With the ongoing support of the Singapore government, this development will further enhance the leisure and business tourism appeal of Singapore.

    Patrick Dumont, Las Vegas Sands president and chief operating officer

    Since its inception at a development cost of $5.6 billion, MBS has welcomed over 470 million visitors, significantly contributing to Singapore’s business tourism appeal by hosting over 1,750 MICE events. The venue aims to remain at the cutting edge, regularly introducing new improvements and keeping its offerings fresh and exciting.

    Existing Amenities Will Also Receive Improvements

    The planned expansion features a luxury hotel tower with an impressive sky roof and a 15,000-seat entertainment arena. Additionally, it will create space for meetings, incentives, conferences, and exhibitions (MICE) while introducing new dining, beverage, and nightlife options. Separate from the hotel expansion, MBS is investing $1.75 billion in its existing property, enhancing existing amenities.

    The expansion aims to play a pivotal role in attracting more travelers to Singapore. The new entertainment arena should draw top entertainers who previously may have overlooked Southeast Asia in their tours. Additional MICE space will facilitate hosting more events in the city-state, capitalizing on Macau’s increasing focus on mainland China.

    With international visitor arrivals reaching 71% of pre-pandemic levels in 2023 and tourism profits reaching up to $19.2 billion, Singapore’s hospitality sector is well on its path to a full recovery. The Singapore Tourism Board anticipates further improvement this year, driven by the gradual restoration of global air travel capacity and the increasing interest in South Asia as a leisure destination.

    Deyan Dimitrov

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  • These 4 Stocks Cut Their Dividends. Now Is the Time to Bring Them Back.

    These 4 Stocks Cut Their Dividends. Now Is the Time to Bring Them Back.

    The New Year is almost here, and that means it’s time for four of the last dividend cutters of 2020— Boeing, American Airlines Group, Royal Caribbean Group, and Carnival—to bring back their payouts to shareholders.

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  • Adelson Family to Buy Sports Team With $2 Billion Share Sale

    Adelson Family to Buy Sports Team With $2 Billion Share Sale

    (Bloomberg) — Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in an unidentified professional sports team.

    Most Read from Bloomberg

    The family already has a binding purchase agreement for a team, according to a regulatory filing Tuesday. The Adelsons will use the proceeds from the offering as well as cash on hand to purchase the team, “subject to customary league approvals.”

    A spokesperson for the company and the Adelsons declined to comment beyond the filing.

    Adelson, an Israeli-born physician, has led the family since her husband died in January 2021. Her son-in-law, Patrick Dumont, is president of Sands, which owns casinos in Singapore and Macau.

    Despite selling the flagship Venetian resort in Las Vegas to Apollo Global Management Inc. last year, the family retains close ties to America’s gambling capital. They own the Las Vegas Review-Journal newspaper and the company is still based there.

    According to the latest proxy statement, Adelson controls about 433 million shares of Sands, or more than 56% of the total outstanding. The stock being sold represents about 11% of those holdings.

    She is worth about $33 billion, according to the Bloomberg Billionaires Index.

    Shares of Sands were down 3.2% to $46.15 in extended trading after initially falling further.

    The shares are being marketed from $43 to $45.25 each, according to a term sheet seen by Bloomberg News. That range represents as much as a 10% discount to Las Vegas Sands’s share price of $47.66 at at Tuesday’s close, Bloomberg calculations show.

    Goldman Sachs Group Inc. and Bank of America Corp. are bookrunners on the sale.

    –With assistance from Amy Or.

    (Updates with holdings in sixth paragraph.)

    Most Read from Bloomberg Businessweek

    ©2023 Bloomberg L.P.

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  • Court ruling clouds proposed Nassau casino project | Long Island Business News

    Court ruling clouds proposed Nassau casino project | Long Island Business News

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    A court ruling may have thrown a wrench into the $4 billion plan to develop a casino resort on the Nassau Coliseum property in Uniondale. 

    In the decision made Thursday, State Supreme Court Justice Sarika Kapoor voided the property’s lease agreement between Las Vegas Sands and Nassau County in a lawsuit brought by Hofstra University. 

    Kapoor ruled that Nassau County’s Planning Commission had violated the state’s Open Meetings Law by not providing a proper public hearing on the lease transfer and failed to give a “hard look” when considering the project’s environmental impact. She ordered that the Planning Commission’s April 27 recommendation to approve the lease transfer to Sands be annulled. 

    Kapoor kicked the matter backed to the Planning Commission and the Nassau Legislature “to conduct a proper public hearing” and ordered the county to issue a positive SEQRA declaration in preparation of a new environmental impact statement on the proposed development. 

    “We appreciate the court’s thoughtful ruling and the court’s granting of reasonable attorneys’ fees and costs to Hofstra incurred in connection with several of the claims,” Hofstra President Susan Poser said in a written statement. “The court recognized the public’s right to participate in decision-making about the current redevelopment plan for the Nassau Hub. We look forward to contributing to the planning process and advocating for the use of the Hub in ways that will best contribute to our thriving community, while protecting against environmental and other harms.” 

    Hofstra has long opposed having a casino on property adjacent to its campus. The university filed the Article 78 lawsuit on April 18 issuing a statement that alleged the county Planning Commission “failed to properly notice and conduct its meetings for consideration of the transfer of the lease for the Nassau Hub and surrounding public property from its current leaseholder to Las Vegas Sands for the development of a casino.” 

    Las Vegas Sands has already spent millions in preparation for its proposed development, including a $54 million payment to the county, $241 million to Nassau Live Center LLC the former leaseholder to the Coliseum property, and millions more in its lobbying effort to secure a casino license from the state. The license bid from Sands is among several proposals seeking one of the three downstate casino licenses the state will be awarding. 

    If the state does grant Sands a casino license, Nassau will get $25 million of the state Gaming Commission’s minimum $500 million license fee. In addition, the county will get a $5 million annual rent payment for the Coliseum property, which increases to $10 million upon the start of casino operations or the three-year anniversary of the casino license award. The lease agreement had mandated that Sands contribute $2 million a year for a Community Benefits Program, which later increases to $4 million annually. 

    Sands has said the project will go forward as a mixed-use complex without gaming if the sought-after license isn’t awarded. In fact, the now voided 99-year lease agreement stipulates that a non-casino development must include up to 500 units of housing, a 5-star hotel and an entertainment venue with at least 3,600 seats.  

    David Winzelberg

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  • 300 small businesses attend ‘procurement academy’ | Long Island Business News

    300 small businesses attend ‘procurement academy’ | Long Island Business News

    More than 300 small businesses attended a “procurement academy ” and resource fair at Nassau Community College Thursday to learn how to do business with Las Vegas Sands at its proposed $4 billion casino/entertainment resort for the Nassau Coliseum property in Uniondale.

    At the event, Norbert Riezler, vice president and chief procurement officer for Sands Corp., offered insights for those hoping to secure contracts with the organization. Experts were also on hand to discuss MWBE certification and other resources available for small businesses.

    Frank Camarano Jr., president of the Chambers of Commerce,  said in a statement that the academy provided a “critical opportunity for Long Island businesses to capitalize on this once-in-a-lifetime development in our region.”

    “Preparation is key for these small businesses – and we want to ensure that when the project moves forward, none of our local businesses are left out,” he said.

    Riezler said in a statement that the academy “reflects our commitment to small businesses on Long Island. We believe it is essential that the local economy benefit and grow with the Sands New York development.”

    “As we pursue the approval process, we are committed to making sure that local businesses are part of our plans and true partners in this transformational project,” he added.

    Attendees had the opportunity to attend breakout rooms for food/beverage and operating services, design and construction, technology, and professional services (i.e. benefits, marketing, labor, transportation, etc.).  Sands procurement executives in each industry and offered insights and answers to people’s questions.

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    Adina Genn

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  • Sands funds effort to assist union members in business ventures | Long Island Business News

    Sands funds effort to assist union members in business ventures | Long Island Business News

    Las Vegas Sands and the Strategic Pathways Group are launching a program to help union members establish businesses that can serve as suppliers for the casino/entertainment resort proposed for the Nassau Coliseum property in Uniondale. 

    Sands has committed between $150,000 and $300,000 to fund the pilot program in partnership with the Long Island Federation of Labor, AFL-CIO and the Building and Construction Trades of Nassau and Suffolk Counties, which combined represent more than 300,000 union members. 

    The effort aims to guide and certify union members who wish to launch their own MWBEs (Minority and Women Business Enterprises) and SDVOBs (Service-Disabled Veteran Owned Businesses), that could enable them to participate in the procurement process for the Sands development if it gets approved, according to a Sands statement. 

    Strategic Pathways Group, a minority, women-led business, was engaged by Las Vegas Sands to lead the DEI efforts including MWBEs and SDVOBs to secure sought-after local, state, and federal MWBE certifications, as well as provide support services for would-be entrepreneurs. 

    “I’m extremely proud and honored to spearhead this first-of-its-kind collaboration which has the potential to become a national model for any development to meet the new market and regulatory realities,” Angelina Ramirez, a partner of Strategic Pathways Group, said in the statement. “This four-way collaboration between Sands New York, NSBCTC, LI Fed, and Strategic Pathways Group proactively addresses historically exclusionary processes.” 

    The goals of the pilot program are to grow the number of union vendors in the state; create the entrepreneurial support necessary for the state to meet, and over time, exceed the 30 percent MWBE goals in the downstate gaming market and beyond; and build a pipeline for MWBE firms who want to secure contracts with Sands, and ensure that they are prepared, certified, and ready for business prior to construction. 

    “When I signed on to work with Sands, one of the things I found most compelling was their desire to go beyond the state’s expectation as it concerns MWBEs, and truly create an inclusive proposal that would benefit all of Long Island’s diverse communities,” David Paterson, former governor and senior vice president for Sands, said in the statement. “This partnership allows Sands to play a crucial role in the creation of new unionized, minority, women, and veteran-owned companies that can help us deliver a world-class project for the region.”  

    John Durso, president of the Long Island Federation of Labor, AFL-CIO said the program is another tool dedicated to building strong and vibrant communities across Long Island.  

    “The Sands partnership with Strategic Pathways coupled with access to our affiliates and their members has the potential to help diversify the small business community, assist current union members in realizing their entrepreneurial dreams, and introduce more employers to the marketplace who will manage their workforce with dignity and respect,” Durso said in the statement. 

    The new program will also serve to ensure that Sands’ proposed project will be able to secure local contracts, protect workers’ rights, and enhance opportunities for labor’s diverse membership, according to the statement. 

    Tracey Edwards, a partner of Strategic Pathways Group and lead advisor for diversity, equity, and inclusion for the Sands proposal, pointed out that minorities and women have been responsible for more than 50 percent of the country’s business creation in the last decade. 

    “This agreement now facilitates both the creation of thousands of union jobs, and many more minority and women-led companies within Long Island’s labor community,” Edwards said in the statement. 

    Matthew Aracich, president of the Building and Construction Trades Council of Nassau and Suffolk Counties, commended Sands for launching the new initiative. 

    “Today we take the next step forward to redefine the landscape of Long Island’s workforce by fostering a new generation of entrepreneurs,” Aracich said in the statement. “This first of its kind program, will create a new pathway for men and women of color in the building trades who aspire to take the leap from member to vendor. It’s certainly not a gamble to make a real investment in our local community while we tackle diversity and inclusion by recruiting candidates who become union members.” 

    David Winzelberg

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  • NY casino race: Garden City votes to oppose Sands’ complex project in Nassau County | Yogonet International

    NY casino race: Garden City votes to oppose Sands’ complex project in Nassau County | Yogonet International

    At a Board of Trustees meeting on Tuesday, the Village of Garden City voted to formally oppose the development of a casino at the Nassau County Hub in Long Island, New York, which had been proposed by gaming and hospitality giant Las Vegas Sands. As the village has no say in what happens at the Hub, the unanimous vote to oppose the plan is largely symbolic.

    Community members hope their stance against the project sends a strong message to developers and officials that they don’t want a casino in their neighborhood. Pearl Jacobs, of the Nostrand Gardens Civic Association, said that money cannot be put “above young people’s future” and that a casino would be “not good for Nassau County” and its community, reports News 12.

    The proposal calls for an entertainment complex at the Nassau Coliseum site, including a casino, a hotel and an event space. Sands claims the project would bring jobs and tax revenue to the community, but those against the casino say the property could drive increases in traffic and crime, as well as negatively impact students at nearby colleges.

    Sands addressed the issue via a statement: “We look forward to continuing conversations with the village of Garden City and all interested individuals to ensure that this integrated resort is a benefit to everyone.” While the project received a negative vote on Thursday, some at the meeting supported it, arguing a casino would bring needed jobs and money into Long Island.

    Those at Tuesday’s meeting hope to form a coalition of villages and elected officials against the casino project, reports News 12. However, it’s not clear thus far if any other villages are opposed to the plan. In order to go forward with the project, Sands would have to secure one of three available licenses for downstate NY casinos, with a decision on the matter not expected until later this year.

    In the plans it has shared, Sands said the casino aspect of the project would be about a tenth of the total square footage. Reaction to gaming in the area has been mixed, and while many community members have shown opposition, the Nassau Community College said it will work with Sands to create employee training programs if the plan is approved, and school leadership has been supportive.

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  • NY: Hofstra University calls Nassau County “an entirely inappropriate” location for Sands’ casino bid | Yogonet International

    NY: Hofstra University calls Nassau County “an entirely inappropriate” location for Sands’ casino bid | Yogonet International

    A new casino proposed by Las Vegas Sands in the state of New York faced further opposition this week from Hofstra University, which shared an open letter opposing the project. The proposal would see the company construct an entertainment complex at the Nassau Veterans Memorial Coliseum site on Long Island, which would include a casino, a hotel, and a large event space.

    The Nassau Hub is an entirely inappropriate location for a casino. It is surrounded by educational institutions from preschool through graduate school and a diversity of suburban communities that should not be exposed to the increased traffic congestion, crime, economic harm to local businesses, and other negative impacts that a casino development would likely bring. There are other locations in and around New York City to site a casino that are not in such proximity to multiple educational institutions where so many young people live and learn,” the letter read.

    In addition to Hofstra University, the Garden City Village Board voted to take an official stand against the proposal for the Nassau Hub. It is worth mentioning that the Village Board does not actually hold any power, so the vote was largely considered a symbolic gesture. Members of the community, however, are confident it sends a strong message to the New York regulators and also developers that Nassau is not the ideal place for a casino.

    Although Hofstra champions students and cites student welfare as a reason to reject Sands’ proposal, Nassau Community College has signed a prospective partnership deal to become the primary employee training center for the company should the casino plan go ahead. The partnership would also include internships and ‘experiential learning’ for Nassau Community College students who wish to consider a career with LV Sands in the future.

    Maria Conzatti, acting president of Nassau Community College, said: “The creation of a new industry with thousands of jobs in multiple sectors is a tremendous opportunity not only for our students but for the diverse populations we serve as a community college.”

    Enhancing our curriculum with training programs, mentorship, and internship opportunities in conjunction with an industry leader like Sands provides an opportunity for adult students, career changers, and all community members to be placed on successful career paths,” she added, as reported by Business 2 Community.

    Sands’ proposal calls for an entertainment complex at the Nassau Coliseum site, including a casino, a hotel and an event space. The company claims the project would bring jobs and tax revenue to the community, but those against the casino say the property could drive increases in traffic and crime, as well as negatively impact students at nearby colleges.

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