Las Vegas Sands is no longer bidding for a casino at the site of Nassau Coliseum. After an extensive process to take over the land, Newsday reported on Wednesday the efforts will not proceed.
In their first-quarter earnings call, Sands president Patrick Dumont announced the end of the bid. However, he added, “We are in the process of attempting to secure an agreement with a third party to whom we can transact the opportunity to bid for a casino license on the Nassau Coliseum site. This would include those that may be able to address both land-based and digital markets in New York.”
The project had long received support from Nassau County Executive Bruce Blakeman as a positive development for the local economy but received resistance from local groups and nearby Hofstra University.
With the Coliseum’s future a bit clearer for now, Newsday reported that other groups may be interested in purchasing the site. The report cites New York Mets owner Steve Cohen as a potential fit amid his bid to build a casino near Citi Field.
The Coliseum will serve as the home of the New York Dragons’ revival in the Entertainment Football Association. In the fall, the Long Island Nets, the G-League affiliate of the Brooklyn Nets, will play their ninth season at the Coliseum
Matthew Page wrote this story.
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