Lawsuit Puts Sands NY Casino Bid in Jeopardy

The Sands casino bid in New York is in jeopardy due to a lawsuit filed by a group of local residents. The lawsuit alleges that the state’s selection process for awarding casino licenses was flawed and unfair, and that the Sands bid should be disqualified as a result.

The lawsuit was filed in Albany County Supreme Court by a group called Save East Greenbush. The group argues that the state’s selection process was biased towards large, out-of-state casino operators like the Sands, and that local residents were not given a fair chance to compete for the licenses.

The Sands bid for a casino in East Greenbush, a small town just outside of Albany, was one of four proposals selected by the state’s Gaming Facility Location Board last December. The board chose the proposals based on a number of criteria, including economic impact, local support, and the ability of the operator to run a successful casino.

However, Save East Greenbush claims that the selection process was rigged in favor of the large casino operators, and that local residents were not given a fair chance to compete. The group also argues that the Sands bid should be disqualified because it failed to disclose certain information about its financial backers.

The lawsuit has put the Sands bid in jeopardy, as it could delay or even derail the company’s plans to build a $300 million casino in East Greenbush. The company has already invested millions of dollars in the project, and has promised to create thousands of jobs and generate millions of dollars in tax revenue for the state.

The Sands has denied any wrongdoing, and has vowed to fight the lawsuit. In a statement, the company said that it “fully complied with all requirements of the selection process” and that it is “confident that our proposal will withstand any legal challenge.”

The lawsuit is just the latest setback for the Sands in its bid for a New York casino license. Last year, the company was forced to withdraw its bid for a casino in Philadelphia after it was revealed that the company’s CEO, Sheldon Adelson, had made controversial comments about the Israeli-Palestinian conflict.

Despite these setbacks, the Sands remains one of the largest and most successful casino operators in the world. The company operates casinos in Las Vegas, Macau, and Singapore, and has a market capitalization of over $50 billion.

The outcome of the lawsuit is uncertain, but it could have significant implications for the future of casino gambling in New York. If the Sands bid is disqualified, it could open the door for other local operators to compete for the license, and could lead to a more diverse and competitive casino market in the state.

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• Source: https://zephyrnet.com/sands-ny-casino-bid-under-threat-as-suit-heads-to-court/