DraftKings declines involvement in proposed Long Island casino project, originally slated for Sands.
DraftKings will not assume control of the Las Vegas Sands' proposed casino project in New York City's Nassau County, according to two sources informed of the discussions. Negotiations between the two companies failed to produce an agreement, they said.
One source, who asked to remain anonymous due to the sensitive nature of the talks, stated that there is no deal in place and DraftKings will not be taking over the Sands bid.
Companies wishing to submit bids for one of the three available casino licenses in New York state must do so by June 27, leaving little time for any party to take over the Nassau project.
Las Vegas Sands had initially planned to submit a bid for a casino and mega-resort development project at the Nassau Coliseum site. However, the company pulled out of the project earlier, citing economic uncertainties and the potential for legalized online gambling in New York.
Although Sands is still pursuing zoning changes for the site, the project's future remains uncertain as the deadline for submitting bids approaches. It remains to be seen whether another company will step in to take over the project.
Despite DraftKings' initial discussions with Las Vegas Sands about the planned casino project in Las Vegas, no agreement was reached and DraftKings will not be taking over the Sands bid for the casino-and-gambling project at the Nassau Coliseum site. Regardless, the casino-culture in Las Vegas and the allure of casino-games continue to draw visitors to the city, creating a backdrop for the lives and careers of numerous casino-personalities.
