Nassau County has granted a 42-year lease on the Coliseum property to LVS, a company that still needs state approval to build a casino resort on the land. The company has been operating the Coliseum property since last November, and the lease requires them to keep the Coliseum open for two years but gives them control of the property for 42 years. The Coliseum, once home to the NHL New York Islanders, is now home to the NBA G-League Long Island Nets.
LVS is among 11 bidders for three downstate casino licenses in New York and plans to build a $4 billion integrated resort on the 72-acre plot if they receive a license. The proposed casino would cover less than 10 percent of the entire property. The Pennsylvania Gaming Control Board has scheduled a hearing on August 28 to gather public comment on the slot-machine operator license renewal for Hollywood Casino in Grantville.
In other news, a man stabbed two Red Rock Casino employees in an unprovoked attack and was subsequently shot by a security officer. The perpetrator, Shayne Sussman, faces charges of attempted murder and assault with a deadly weapon. Law enforcement in central Florida shut down 11 illegal casinos in a major bust last weekend, confiscating approximately 400 slot machines and $400,000 in cash across the venues, and making four arrests.
Hard Rock’s temporary casino in Rockford, Illinois, will close on August 12 to make way for the permanent Rockford casino opening on August 29. The new casino will feature 1,300 slots, 50 tables, a sportsbook, concert venue, and dining options. Iowa lawmakers are urging regulators to approve a proposed casino project in Cedar Rapids, citing tax revenue, job creation, and community benefits. The Golden Nugget Danville celebrated its one-year anniversary, generating revenue for the state of Virginia and the city of Danville, although falling short of initial revenue projections.
Overall, the gambling industry in the United States is seeing a variety of developments, from new casino projects to closures and legal actions against illegal gambling establishments. These updates showcase the dynamic nature of the industry and the ongoing regulatory processes that govern it.
