Wynn Resorts, the parent company of Wynn Macau, has announced that it is abandoning its plans for a casino licence in the US state of New York.
In a release, the company said that it made the decision after pondering the “years of persistent opposition.”
This potentially frees up the Hudson Yards neighborhood plot in Manhattan for a new developer aiming to capitalise on the space.
It also follows a similar move by Las Vegas Sands to drop its New York bid, cancelling its proposed project at the Nassau Coliseum in Long Island.
The significant delays in the bidding process have tempered interest in the once promising investment, but have not stopped other contenders from holding their ground.
MGM and Genting continue to stay the course in their bids, while other American operators are each pushing for one of the five potential licenses.
Multiple venues have been proposed, each with their own unique selling points, with operators aiming to woo not only the public, but the political sphere to push the licences through.
Source: Asia Gaming Brief
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