{"id":3253,"date":"2024-03-14T13:49:06","date_gmt":"2024-03-14T13:49:06","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=3253"},"modified":"2024-03-14T13:49:06","modified_gmt":"2024-03-14T13:49:06","slug":"wynn-resorts-unveils-new-details-for-nyc-casino-project","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/wynn-resorts-unveils-new-details-for-nyc-casino-project","title":{"rendered":"Wynn Resorts Unveils New Details for NYC Casino Project"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2024\/03\/proposed-wynn-new-york-city.jpg\" alt=\"Proposed Wynn New York City\" class=\"alignleft size-full wp-image-3254\" title=\"Wynn Resorts Unveils New Details for NYC Casino Project\" width=\"300\" \/><strong>Summary:<\/strong><\/p>\n<ul>\n<li>A 750-seat public school is included in the plans. <\/li>\n<li>35,000 union construction jobs would be created with the project.  <\/li>\n<li>The project is expected to cost up to $12 billion.  <\/li>\n<\/ul>\n<p><strong>Wynn Resorts<\/strong> and <strong>Related Companies<\/strong> have provided more <a href=\"https:\/\/www.casinousa.com\/news\/hudson-yards-casino-developer-reveals-revised-plan-with-10bn-budget\">details on their New York City casino proposal<\/a>. The partnership <strong>plans to spend upwards of $12 billion to bring a project to Hudson Yards<\/strong>, including a casino and hotel, as well as a public park, school, and other community projects. <\/p>\n<p>The renderings showcase how the former train graveyard will be transformed into a popular destination on the West Side of Manhattan. <\/p>\n<h2 id=\"details-of-the-proposal\">Details of the Proposal<\/h2>\n<p>The plan, which was released yesterday, features an <strong>80-story tower overlooking the Hudson River<\/strong>. This tower would be home to the property\u2019s hotel and <a href=\"https:\/\/www.casinousa.com\/games\">casino gaming<\/a> floor. The skyscraper would be surrounded by apartments, offices, and a 5.6-acre park. <\/p>\n<p><strong>Tourists and residents would be able to enjoy a public park<\/strong>, with walkways leading up to the resort complex. The design shows the glimmering residential tower, office buildings, and casino, with the property set to offer many amenities and community interaction. <\/p>\n<p>Related Companies also <strong>plans to add a public school to house 750 children<\/strong>, a community facility, and a daycare center. All of these plans will <strong>create as many as 35,000 union construction jobs<\/strong>. Once the facilities are up and running, as many as 5,000 permanent employment positions will be available. <\/p>\n<h2 id=\"boosting-the-ny-economy\">Boosting the NY Economy<\/h2>\n<p>The hotel plays a major role in the project plans, as it would be a destination for casino visitors and the Javits Center next door. Promoters feel that the development would help boost the region&#8217;s tourism and economic development. With so many elements, it would create several streams of income of which the state can benefit. <\/p>\n<p>Related Companies CEO <strong>Jeff Blau<\/strong> stated that Hudson Yards will be a catalyst for the economy as it offers thousands of construction jobs and becomes a home to leading companies from around the world, along with offering retail options and housing. <\/p>\n<p>A full price tag has not been provided by Related Companies or Wynn Resorts. However, estimates have come in at around $12 billion for the project. The cost of <a href=\"https:\/\/www.casinousa.com\/states\/new-york\">casino gaming in New York<\/a> is also not cheap. A license holder must pay $500 million to access licensing and be eligible to offer services. <\/p>\n<p>The competition is stiff for the three available licenses, including <a href=\"https:\/\/www.casinousa.com\/news\/new-york-mets-owner-steve-cohen-adds-8bn-to-community-investment-in-casino-proposal\">a plan by NY Mets owner Steve Cohen<\/a>. His plan includes spending $8 billion on a gaming venue, hotel, and music spot next to Citi Field. Additional casino brands are also in the mix, along with plans provided by Bally\u2019s, Caesars, and other major companies. <\/p>\n","protected":false},"excerpt":{"rendered":"Summary: A 750-seat public school is included in the plans. 35,000 union construction jobs would be created with the project. The project is expected to cost up to $12 billion. Wynn Resorts and Related Companies have provided more details on their New York City casino proposal. The partnership plans to spend upwards of $12 billion [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,5],"tags":[],"class_list":["post-3253","post","type-post","status-publish","format-standard","hentry","category-news","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wynn Resorts Unveils New Details for NYC Casino Project<\/title>\n<meta name=\"description\" content=\"Wynn Resorts and Related Companies have provided insight into their NYC casino plans, showcasing a gaming facility, public park, and school.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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