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Jay-Z visits Capitol to discuss casino project; Wynn ends Hudson Yards proposal

Published 2 weeks ago3 minute read

ALBANY — Jay-Z dropped in Monday and Steve Wynn dropped out as New York’s casino competition nears a fast-approaching deadline.

Jay-Z, the rapper and entertainment impresario who is part of a team trying to land a casino license at Times Square, visited the State Capitol to meet and discuss the issue with Assembly Speaker Carl Heastie (D-Bronx) and Senate Majority Leader Andrea Stewart-Cousins (D-Yonkers), the latter said.

Roc Nation, Jay-Z's company, is teaming with real estate developer SL Green and Caesars Entertainment on the Times Square project.

Meanwhile, Wynn Resorts shocked the competition by abruptly announcing it was dropping out of its proposed casino at Hudson Yards in Manhattan, citing the community’s "persistent opposition." The bombshell landed just 39 days before companies were supposed to submit formal bids for the three available downstate casino licenses.

Wynn’s decision also came just weeks after Las Vegas Sands quit its project to bid for a casino at the old Nassau Coliseum. Though the company dropped out, some potential bidders and lobbyists are still working to see if a new partnership might take over the Long Island project, according to a source — though time is growing short to put together a partnership.

A state casino siting panel has set June 27 for companies to submit bids.

Wynn’s Hudson Yards proposal had faced the prospect of losing a vote by a local community advisory council, a step all casino proposals must go through to stay in the competition. Still, the decision to withdraw so late in the process surprised some.

"The recent [New York City] rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders, such as investment in our existing and upcoming developments and stock buy backs, than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employee 5,000 New Yorkers," Wynn Resorts said in a statement.

At the Capitol, Jay-Z made what was a previously unannounced visit to state lawmakers.

"They want to be a casino operator and they were just trying to figure out what do they need to do," Stewart-Cousins told Newsday after the roughly 20-minute meeting. "I told them what they have to do is build community support and support of elected officials in the area. ... They want to continue to be included in the conversation."

The entertainer smiled and waved to fans as he walked the Capitol hallways toward the exit, but didn’t take questions.

Another potential casino bidder — Mets owner Steve Cohen and Hard Rock Entertainment — also have some important business in Albany. They still need the State Senate to approve a land-use bill that would allow them to propose using land near Citi Field for their would-be casino site.

Asked if Jay-Z is citing any concerns about the Cohen-related bill, Stewart-Cousins said: "I don’t think they had any concern. I just explained why we were involved as the Legislature because we would have to do the [land] bill or not, whereas in his particular project, we’re not involved."

Yancey Roy

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