Chairman highlights ‘unknowns’ in casino licence process
SL Green Chairman and Chief Executive Officer Marc Holliday is refusing to accept that the door is now closed to a $5.4bn Caesars Palace casino in Times Square, saying it could yet be revisited.
Speaking during the company’s earnings presentation. Mr Holliday said: “I don’t think, by any means, it’s completely dead. I think the whole process and the outcome is still unknown. How many bidders will there be? How many licenses will be awarded – and whether, if any are held back, there’ll be another shot for casinos in Manhattan or otherwise to come into play. This is still a process playing out.”
“There should be at least one casino in Manhattan. I think that’s obvious and Times Square was the exact right location, but the process was designed to make that impossible, at least for the time being,” he added.
The Caesars and SL Green bid was ended by a state-commissioned community advisory committee vote, rejecting it in a 4 to 2 vote that SL Green described as ‘cowardice.’
Local board approval was needed for the project to be considered by the state Gaming Commission, which will grant three casino licenses for New York City in December.
Speaking back then, Mr Holliday said: “This was a despicable display of cowardice, a complete lack of consideration for all the people who would benefit from this. We met the standard and then some. The only ones with the courage to stand up are the governor and the mayor’s appointees, and everybody else runs and hides. Go run and hide. What you did, the benefits you denied this community and this city and state, you have to live with that history forever
The post SL Green refuses to give up on possibility of Caesars Palace Times Square appeared first on G3 Newswire.
Chairman highlights ‘unknowns’ in casino licence process SL Green Chairman and Chief Executive Officer Marc Holliday is refusing to accept that the door is now closed to a $5.4bn Caesars Palace casino in Times Square, saying it could yet be revisited. Speaking during the company’s earnings presentation. Mr Holliday said: “I don’t think, by any means, it’s…
The post SL Green refuses to give up on possibility of Caesars Palace Times Square appeared first on G3 Newswire.