Another bidder for NY casino licence?

Home » Another bidder for NY casino licence?

According to reports from New York, there may be another bidder for one of the three potentially lucrative casino licenses in the city.

The New York Post says Vornado Realty Trust is poised to throw its hat into the ring, admitting to the newspaper that it was “studying the possibility” of an application for a licence close to Penn Station and Madison Square Gardens.

Vornado is NYC’s second-largest commercial landlord. Key to its proposal would be the abandoned Hotel Pennsylvania, which is in the section of the city that Governor Kathy Huchul is proposing to redevelop.

The newspaper said that sources suggested Vornado’s partner in the scheme would be Neil Gary Bluhm, of Walton Street Capital, who owns properties including casinos in Pittsburgh, Philadelphia, Chicago and Schenectady.

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Caesars Entertainment, Wynn Resorts, Soloviev Group, Hudson’s Bay Company, Hard Rock and Thor Equities, all with partners, have already been named as probable applicants for licenses.

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