Related Companies teams with Wynn Resorts for NYC’s first Vegas-Style Casino

Published on:

Hudson Yards developer-related companies have placed their faith in Wynn Resorts Ltd. in order to bring about a casino resort in the Hudson Yards complex in Manhattan. The project aims to transform the currently exposed and sunken train yard into a Las Vegas-style casino, which resulted in Hudson Yards’ partnership with casino operators Wynn Resorts.

The project is slated to erect a full-service casino in the Western Yards, which is located along the renowned Hudson River next to the recently expanded Jacob Javits Convention Center. Notably, this second phase of Related and Oxford Properties’ Hudson Yards project was originally planned to accommodate only residential buildings, offices, and a school, which was stalled by the pandemic.

The New York state lawmakers voted for three full-service casinos in April 2022, which would attract tourists and create new jobs and upscale the tax revenue. Wynn Resorts, a Nevada-based casino operator, owns two casino hotels in Las Vegas, one in Everett, Massachusetts, and three in Macau, China.

“The Western Yards provides the ideal site for a resort that will reinvigorate our tourism economy and provide billions in tax revenues for the city and state,” Related chief executive officer Jeff Blau said in his company’s statement.

Wynn Resorts had fancied a place in the heart of the Big Apple as it is one of the hottest tourist attractions with 66.6 million visitors per year, which could be a game changer for the casino giants. Several renowned casino operators are eyeing a piece of the city, but Wynn was the only corporation publicly announcing its proposal.

“Wynn Resorts has a long history of utilizing a compact, upscale casino floor to support the creation of spectacular resort experiences that appeal to an array of guests — travellers and locals alike. We look forward to engaging with the community to hear expectations for our development,” read a statement from Craig Billings, CEO of Wynn Resorts.