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New York takes gamble on resort casinos

New York’s Times Square could soon host casino resorts after the state governor backed plans to grant licences.

Casinos have long been barred in New York City, but state governor Kathy Hochul has said that up to three licenses could be granted.

Marc Holliday, head of the property company SL Green, hopes to build a casino in Times Square. “We have studied it closely and I feel New York City can handle not one, but two of the three licences,” he said. “I feel the absolute best, most obvious, least impactful and most globally accepted area will be Times Square.”

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