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Jake’s Plans To Expand 58 Casino Hotels

Long Island’s Jake’s 58 Casino Hotel is gearing up for some major upgrades for 2023, as it wants to transform itself into a more luxurious resort for New Yorkers. 카지노사이트 The gaming facility plans to double the number of video lottery terminals as well as non-gambling attractions next year. The project will be directed by New York State Senator Phil Boyle.

Mr Boyle will be appointed chairman of Suffolk OTB, a Long Island off-track betting and VLT operator that owns Jake’s 58. Since its opening in February 2017, casinos have offered over 1,000 VLTs to many customers, but casino executives now plan to become more attractive to local and travel customers with their card expansion.

Long Island Casino has been the most profitable gaming facility outside of New York City since it was introduced to the market. In the 2021/2022 financial year, the casino generated $248.7 million in revenue from April 1, 2021 to March 31, 2022. Only Resorts World New York City with $628.4 million and Empire State Casino with $315.4 million made more total game sales.

The casino hotel’s management shared their intention to add more VLTs to the gaming arena. This will be possible after the state earlier signed legislation allowing VLTs and off-track betting facilities in Suffolk County to host up to 2,000 VLTs. Currently, casinos are limited to a maximum of 1,000 VLT machines.

The extension of the gaming facility was sponsored by Mr. Boyle, and the measure passed the State House and Senate in the summer. However, it still needs final approval from New York Governor Kathy Hochul. Boyle believes Suffolk OTB can take the next step and use its connections to help the casino grow.

The future chairman of Suffolk OTB said the company would invest in amenities and attractions like Atlantic City, as well as more parking space. Therefore, it will reach about 2,000 units. This also involves not only pursuing a retail sports betting license, but also renovating the casino’s restaurants. Also, 227 hotel rooms will be undergoing maintenance, says Boyle.

Commenting on New York’s casino expansion, the local government in April officially included fast-tracking three casino licenses for New York Downstate. This will accelerate the process, allowing three applicants to open commercial gaming venues in the area. Some of the possible locations include existing operators who want to expand to Times Square, Hudson Yards, or where the live table is located.

Recently, SL Green Realty and Caesars Entertainment announced a joint effort to attract casinos to Times Square. The two have already begun actively trying to persuade local restaurants, retailers, and construction workers to join the project. However, this attraction may be subject to extreme opposition because it has to deal with local support and huge competition.

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