Hofstra College president Susan Poser is predicted to thwart a plan by Las Vegas Sands (NYSE: LVS) to construct a brand new on line casino lodge close to the college in testimony on the Nassau County Council on Monday.
Sands’ effort to develop a brand new gaming venue on the grounds of the Nassau Coliseum in Uniondale, New York, is just a few months previous, however in its brief span, Hofstra has grow to be one in all its most vocal opponents. rice discipline.
The on line casino proposed by Las Vegas Sands is immediately in opposition to the pursuits of the native inhabitants and can create hazard moderately than revenue.” the big apple submit.
In opposing Sands New York, Poser rehashes previous arguments utilized by anti-gaming teams throughout the US at any time when a brand new on line casino is pitched, no matter location. They embrace bashing operators who supposedly solely care about revenue and theories that casinos result in crime, air pollution and elevated site visitors.
Debunking the Anti-Lengthy Island On line casino Controversy
In her testimony, Poser can be anticipated to denounce Las Vegas Sands for attempting to show a revenue on Lengthy Island, in addition to the operator who offered the Las Vegas property. Singapore.
In 2021, Sands introduced the sale of The Venetian Resort and Sands Expo and Conference Heart on the Las Vegas Strip to Apollo World Administration and VICI Properties for $6.25 billion. However Sands executives have mentioned they’re open to the thought of returning to Las Vegas sooner or later, so touting the deal in anti-U.S. phrases can be inaccurate. The corporate has additionally been implicated in rumors a few North Florida on line casino lodge.
As for Sands’ need to earn a living, that is what firms do. As a public firm, Sands’ main responsibility is to be a very good steward of its shareholders.
Arguments concerning the atmosphere and site visitors are probably shady. As a result of brick-and-mortar companies occupying proposed on line casino websites might contribute to those issues. Site visitors surveys have but to be performed, and Sands selected to focus its efforts in New York on Lengthy Island to keep away from automotive congestion in Manhattan.
Improve in unwarranted crime
Anti-casino teams steadily use crime playing cards, however their arguments are usually not linear and needs to be evaluated on a case-by-case foundation.
In actual fact, information from on line casino inns, which Sands New York might rival, means that such institutions don’t improve crime within the space. A advisor for the Massachusetts Gaming Fee (MGC) final week revealed findings on crime in 5 cities round Wynn Resorts’ Encore Boston He Harbor and his Everett neighborhood the place the venue is situated.
The research spans the interval September 2018 by July 2022 and contains facility openings in June 2019, short-term closures as a result of COVID-19, and subsequent reopening and regular operations. Knowledge present that Encore Boston Harbor has “restricted influence on crime within the space.”
Poser additionally plans to petition Nassau County policymakers to oppose Lengthy Island casinos just because they’re close to Hofstra and different faculties, together with elementary and excessive faculties. This argument can be questionable. As a result of he assumes two issues, which is probably going incorrect. First, school college students have the monetary assets to go to casinos steadily. Second, Sands is not proactive relating to verifying the identities of potential patrons who look youthful.
Utilizing Encore Boston Harbor as a comparability, the venue is a stone’s throw from a number of increased schooling establishments, together with four-year schools and schools.
