Related Companies Partner with Wynn Resorts for Hudson Yards Casino Offer

Hudson Yards developer Related Companies is betting its money on a hot Vegas horse in the turbulent race to open a casino in Manhattan...


Hudson Yards developer Related Companies is betting its money on a hot Vegas horse in the turbulent race to open a casino in Manhattan.

The real estate giant, led by Stephen M. Ross, has partnered with Wynn Resorts to “pursue” a casino license for the West Yard – the proposed second half of the 28-acre Hudson Yards complex, said Related Thursday.

Building the western portion of the Yards, which is now an exposed, sunken rail yard, has been a priority not only for Related, but for Governor Kathy Hochul as well as her predecessor Andrew Cuomo.

Wynn Resorts owns two hotel-casinos in Las Vegas, one in Everett, Mass., and three in Macao, China. The company, founded by Steve Wynis now led by CEO Craig Billings.

The Wynn deal confirms a long-running buzz that Related was suing a gaming industry partner to put its chips in the West Side yard. The $25 billion development plan for residential and office towers and a new park between Eleventh Avenue and the Hudson River in the Western 1930s has been stalled by the pandemic.

But a green light for the construction of a spectacular casino/hotel/entertainment complex could give a boost to the project, which requires the construction of a terrace above the tracks as was done for the eastern part. The casino would be located near the recently expanded Jacob Javits Convention Center.

Stephen M. Ross.
Related Companies is led by Stephen M. Ross.
Eduardo Munoz/REUTERS

The partnership with Wynn is an important preliminary step in Related’s strategy that could give it an edge over its rivals.

Earlier this year, the state authorized three gambling licenses in the downstate, including two that Mayor Eric Adams wants for New York City. But the State Gaming Commission has yet to issue an official tender.

However, the commission is expected to create a gaming facilities location board by October 6, a big step towards issuing a tender.

Related is the first contender for the license to land a contract with a major casino operator. Its competitors sued Hard Rock and Sands, but no settlement was reached.

The property envisioned by Related and Wynn is located in Manhattan’s West Rail Yard, part of the 28-acre Hudson Yards complex.
Getty Images
WynnCasino
Wynn Resorts has two casino hotels in Las Vegas, one in Everett, Mass and three in Macau, China.
George Rose/Getty Images

As The Post first reportedSL Green, Vornado Realty Trust and Thor Equities are among other developers interested in building a casino at various sites in the Big Apple, from Times Square to Coney Island.

Hochul will likely have the final say on the choice of licensing assignments.

Related Chief Ross donated $69,700 – the highest sum – to his election campaign, according to the records of the Board of Elections. But he was not alone. Other big donors include Vornado chairman Steven Roth, who is also suing the casino, and Larry Silverstein.

Neither SL Green nor Vornado would comment on Related’s announcement.

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Newsrust - US Top News: Related Companies Partner with Wynn Resorts for Hudson Yards Casino Offer
Related Companies Partner with Wynn Resorts for Hudson Yards Casino Offer
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