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New York & Tri-State  + Midtown New York  + Hospitality  | 

Related, Wynn Scrap Plans for Casino Near Hudson Yards

Citing community opposition, Related Companies and Wynn Resorts have dropped their $12-billion bid to build a casino near Related’s Hudson Yards complex on Manhattan’s Far West Side. Applications to the New York State Gaming Commission to develop a downstate casino are due next month.

“The recent 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 buybacks, than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers,” Wynn said in a statement Monday. Friends of the High Line and Manhattan Community Board 4 led the opposition to the project.

The Gaming Commission is expected to award up to three New York City-area casino licenses, with decisions handed down by the end of 2025.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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