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Strategic Adjustment: Wynn Ends Bid for New York Gaming License, Focuses on Maximizing Shareholder Value

Strategic Adjustment: Wynn Ends Bid for New York Gaming License, Focuses on Maximizing Shareholder Value

Wynn Resorts has officially announced its withdrawal from the application process for a gaming license in New York City, marking a reassessment of its capital allocation strategy. Although the company had received approval from the City Planning Commission for its Hudson Yards development proposal o

35like·0commentThe day before yesterday
New York City Comptroller calls for killing Hudson Yards casino bid, saying it will hurt the High Line

New York City Comptroller calls for killing Hudson Yards casino bid, saying it will hurt the High Line

City Comptroller and mayoral candidate Brad Lander is calling on a major real estate firm to pull the plug on its bid to develop a casino on Manhattan’s west side, saying the plan would pose a burden on the High Line and fall short when it comes to affordable housing.The bid, submitted by Related Co

27like·0comment04-04
Related and Wynn’s Hudson Yards casino plan gets no love from Manhattan borough president

Related and Wynn’s Hudson Yards casino plan gets no love from Manhattan borough president

Love was not in the air this Valentine’s Day when Manhattan Borough President Mark Levine delivered a rejection on zoning changes to build a massive casino and resort over the exposed tracks at Hudson Yards, while Related tried to woo the community with a multimillion-dollar trove of “benefits”.Levi

26like·0comment02-20
Casino proposal by Wynn, Related for NYC’s Hudson Yards rejected by community board

Casino proposal by Wynn, Related for NYC’s Hudson Yards rejected by community board

A key community board rejected a bid to build a glittering $12 billion casino complex in Manhattan’s Hudson Yards — a potential death blow for the project.Community Board 4 — which represents the Hudson Yards neighborhood — voted unanimously Monday night against approving a zoning change to allow th

21like·0comment01-09
New York: Community Board rejects $12 billion casino complex at Hudson Yards

New York: Community Board rejects $12 billion casino complex at Hudson Yards

A $12 billion casino and entertainment complex proposed for Manhattan’s Hudson Yards has hit a significant obstacle after Community Board 4 (CB4) unanimously voted against a zoning change required for the project. The ambitious proposal by Related Companies and Wynn Resorts includes an 80-story tow

28like·0comment01-09
New York City: Community board blocks move from housing to casino and offices at Hudson Yards

New York City: Community board blocks move from housing to casino and offices at Hudson Yards

A local community board is set to block the latest massive development proposal for the Western Rail Yards at Hudson Yards.Manhattan Community Board 4’s (MCB4) Clinton Hell’s Kitchen Land Use Committee voted unanimously to reject zoning changes that would allow for a largely commercial development —

28like·0comment2024-12-14
New York City: High Line faces off against developer over casino plan

New York City: High Line faces off against developer over casino plan

When you think of the west side of Manhattan, two landmarks might come to mind: the High Line and Hudson Yards developed by Related Companies.Now, those two titans of development are at odds over a plan by Related and Wynn Resorts to build a massive resort and casino, with office space and housing,

29like·0comment2024-12-14
New York City: Rally planned to support Wynn’s Hudson Yards casino project

New York City: Rally planned to support Wynn’s Hudson Yards casino project

The battle over a proposed New York City high-rise hotel and casino (operated by Wynn) is moving to its next stage.Gary LaBarbera, the head of New York’s building and construction trades union, will lead a rally to support the $12 billion casino, office and housing project at Hudson Yards, which wou

0like·0comment2024-10-23
New York City mega-casino plan pits hard hats vs. High Line ‘elite,’ as poll reveals what voters think

New York City mega-casino plan pits hard hats vs. High Line ‘elite,’ as poll reveals what voters think

The gloves are off over a controversial proposal to build a glitzy $12 billion casino complex in Hudson Yards — with local hard hats pitted against lovers of the High Line.The Building and Construction Trades Council is set to hold a “We Build” rally Thursday in support of Related Companies/Wynn Res

0like·0comment2024-10-21

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