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Vegas meets Japan for $3bn New York casino pitch

Vegas meets Japan for $3bn New York casino pitch

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For those who enjoy lyrical stories, how about the City of Lights teaming up with the Land of the Rising Sun to submit a proposal for a new $3bn casino in the heart of the City that Never Sleeps.

Asset Manager and former Las Vegas Sands Board member, Jason Ader, has partnered with Japanese gaming company Universal Entertainment to propose the ambitious project, with the backing of 26 Capital Acquisition Corporation. With three of the originally agreed seven downstate New York casino licenses still unallocated, Mr. Ader’s group is aiming for a Manhattan location, although local officialdom may determine the final proposed site.

In another first, the proposal will include plans for an esports arena, a separate events venue and also a cryptocurrency trading floor and Mr. Ader explained this desire to cater for more modern tastes: “The goal is to have a differentiated but comprehensive approach to entertainment that goes beyond casino gaming with some pretty cool elements.”

Clearly, with digital currencies remaining largely unregulated, and not subject to current gaming industry controls, the size and profile of this planned development will inevitably lead many to wonder to what extent cryptocurrencies have a place on a casino floor of this proposed magnitude.