Gambling in the USA
Related Companies and Wynn Resorts Unveil New Details on the Next Phase of Hudson Yards
Related Companies/Oxford Properties Group and Wynn Resorts revealed new project details for the next phase of Hudson Yards, including new renderings and animations as well as additional testimonials of support. The $12 Billion total project proposal to build Hudson Yards West on top of the undeveloped western rail yards, is a once-in-a-generation commitment that, if approved by City and State officials, would provide significant quality-of-life improvements for the neighborhood and enormous economic opportunity for the entire city, including:
• Wynn New York city, a world-class resort that creates 5000 permanent union careers
• 35,000 union construction jobs during development
• A 5.6-acre public park, comparable in size to Bryant Park
• 1500 new housing units, including 324 affordable apartments
• A new public K-8 school
• A neighborhood-focused traffic, safety, and sanitation plan
• Support for local community organizations
The centerpiece of the development is Hudson Green, a new a 5.6-acre public green park designed by the award-winning teams of Hollander Design and Sasaki, as part of a master plan designed by Skidmore, Owings & Merrill (SOM). With stunning views of the Hudson River, this new public park creates an oasis of open lawns, gardens, playscapes, and groves that connect the West Side. Comparable in size to Bryant Park, Hudson Green will feature a dog run, over 300 trees, 500 shrubs, flower beds and various native plantings throughout the active landscape. The architecture and design of the resort is being led by Wynn Design and Develop, Wynn Resorts in-house team of designers, architects and creatives.
The new architectural renderings and video animation allow the public to envision how the development will fit into the context of the overall neighborhood, including Hudson Yards and the Javits Center, as well as how the new park will connect to both the High Line and Hudson River Park. As longtime supporters of both parks, Related Companies made several amendments to the proposal to ensure seamless public access points and create better sightlines and interfaces.
“The next phase of Hudson Yards is a $12B total project investment in New York’s future that, if approved by City and State officials, will create tens of thousands of jobs, 1,500 units of housing including hundreds of new affordable apartments, and billions in much-needed revenue for the City and State. At the center of it all is Hudson Green, a 5.6-acre rolling green park with incredible river vistas, hundreds of trees for hot summer days, gardens, a playground and a dog park. We truly believe it will be an oasis that becomes the new calling card of the neighborhood. In the months ahead, we look forward to sharing more details of the extensive, long-term economic and community benefits our vision for Hudson Yards and Wynn New York City will bring to New York,” said Jeff T. Blau, CEO of Related Companies.
Wynn New York City will anchor the development, completing a decades-long revitalization of Manhattan’s West Side. This new vision for Hudson Yards West adheres to the approved uses in the 2009 zoning, but has also evolved to reflect the city’s current landscape and economic infrastructure needs. Wynn New York City is the economic engine supporting the development and will create careers for thousands of New Yorkers while offering significant benefits to all sectors of the community.
“It’s easy for leaders to talk about wanting to create jobs and invest in the economy and infrastructure, but our proposal to develop Hudson Yards West would actually do it, which is why it continues to garner important support from unions, trade organizations and small businesses. Finishing the undeveloped yards will not only create 35,000 unionized construction jobs during development, but 5,000 permanent union careers in the resort, which is the economic engine that supports all of these wonderful community benefits, including the affordable housing, public park and transportation improvements,” said Bruce A. Beal Jr., President of Related Companies.
Apache Lonestar Casino, a premier gaming destination in Devol, Oklahoma, announced an expansion of its facilities, set to enhance the gaming and dining experience for its guests. The expansion, scheduled for completion by the end of 2024, will add more than 2000 square feet of gaming space and introduce additional seating, family dining and new menu options at the popular Lonestar Bar & Grill.
Expanded Gaming Space
The additional 2000+ square feet of gaming space will allow Apache Lonestar Casino to accommodate more gaming options, further solidifying its position as a top-tier entertainment destination in the greater Wichita Falls area. With the current offering of 611 slot machines, 6 blackjack tables, the expansion will introduce new games including Texas Hold ’em ensuring that every guest finds something to enjoy.
“Our goal has always been to provide our guests with an exceptional experience. This expansion reflects our commitment to continually improving our offerings and providing more variety and excitement for our guests,” said Kristopher Killsfirst Sr., Manager of Apache Lonestar Casino LLC.
Enhanced Dining at Lonestar Bar & Grill
In addition to the gaming floor expansion, Apache Lonestar Casino is enhancing the dining experience at Lonestar Bar & Grill. The popular restaurant, known for its welcoming atmosphere and delicious menu, will see an increase in seating capacity and family friendly seating. The menu will be expanded to include a wider variety of dishes, catering to diverse tastes and preferences.
“The Lonestar Bar & Grill has quickly become a favorite among our guests, and we’re excited to offer even more with this expansion. The additional seating and menu options will ensure that our guests can enjoy a great meal as part of their visit to Apache Lonestar Casino,” said Michael Spell, General Manager of Apache Lonestar Casino.
The three Detroit casinos reported $112.5 million in monthly aggregate revenue (AGR) for the month of August 2024, of which $110.8 million was generated from table games and slots, and $1.7 million from retail sports betting.
The August market shares were:
• MGM, 48%
• MotorCity, 28%
• Hollywood Casino at Greektown, 24%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of August 2024 increased 5.9% when compared to the same month last year. August’s monthly revenue was 4.2% higher when compared to the previous month, July 2024. From Jan. 1 through Aug. 31, the Detroit casinos’ table games and slots revenue increased by 0.9% compared to the same period last year.
The casinos’ monthly gaming revenue results all increased compared to August 2023:
• MGM, up 8.9% to $53.86 million
• MotorCity, up 0.1% to $30.76 million
• Hollywood Casino at Greektown, up 7.4% to $26.18 million
In August 2024, the three Detroit casinos paid $8.97 million in gaming taxes to the State of Michigan. They paid $8.47 million for the same month last year. The casinos also reported submitting $17.3 million in wagering taxes and development agreement payments to the City of Detroit in August.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $9.61 million in total retail sports betting handle, and total gross receipts were $1.7 million for the month of August. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.4 million in August when compared to August 2023, and up by $2.1 million when compared to July 2024.
August QAGR by casino was:
• MGM: $521,529
• MotorCity: $930,952
• Hollywood Casino at Greektown: $241,045
During August, the casinos paid $64,015 in gaming taxes to the state and reported submitting $78,241 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Gambling in the USA
State of Colorado Marks One Year of Successful Self-Exclusion List for Responsible Gambling
The Colorado Division of Gaming announced that almost 300 people enrolled in the state’s Self-Exclusion Program, ahead of the effort’s one-year anniversary.
The Self-Exclusion Program, which launched in September 2023, is a crucial tool in promoting responsible gaming throughout the state and each signature is a significant step for each person who enrolls.
When people enroll in the Self-Exclusion Program, they voluntarily exclude themselves from participating in gaming activities offered under the regulatory purview of the Colorado Limited Gaming Control Commission and the Colorado Division of Gaming.
“We are encouraged by the positive response to the Self-Exclusion Program in its first year. The fact that 288 Coloradans have signed up demonstrates the importance of offering resources for those who seek to manage their gaming habits,” said Division of Gaming Director Chris Schroder.
This initiative is part of Colorado’s broader efforts to foster a safer and more responsible gaming environment. In addition to the Self-Exclusion Program, the Division offers a variety of resources aimed at promoting responsible gaming, including public education campaigns, responsible gaming grants, and access to a 24/7 helpline.
The Self-Exclusion Program is confidential and free of charge, providing individuals with the option to exclude themselves for a period of one year, five years, or even a lifetime. During the exclusion period, participants are barred from entering and gaming at any of the state’s licensed casinos, as well as they are unable to redeem points, bonuses, comps, or freeplay.
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