1.21.21 - A Casino in Manhattan? Strapped Developers Hope So
'With New York State desperately looking for new sources of revenue, real estate developers and gambling interests are trying to revive interest in a long-shelved proposal: a casino in New York City.'
'The concept is hardly new. Casino operators have been seeking to capitalize on the New York City market for decades, focusing on the dense, typically tourist-rich sections of Manhattan, which they consider the holy grail of gambling in the United States.'
'State lawmakers and Gov. Andrew M. Cuomo have traditionally opposed efforts by gambling companies to bring a casino to New York City.'
'But this latest push could carry more weight because of its timing — Mr. Cuomo says the state is facing a $15 billion shortfall — and its supporters, which include real estate giants that have a track record of influence in Albany.'