Saks Fifth Avenue Wants to Add High-End Casino to Flagship Store
The list of possible casino locations in and near New York City keeps growing. Since the release of the New York State Gaming Commission’s Request for Application for three downstate New York gaming licenses, several parties have presented their proposals. Each license will cost at least $500 million.
So far possible casino locations in Manhattan include Times Square, Hudson Yards and First Avenue between 38th and 40th Streets near United Nations. Then there’s a proposal for a casino near Citi Field in Queens, and another at Coney Island in Brooklyn. Another possible location is at Nassau Coliseum, just east of the city. And now there’s also a proposed location at Saks Fifth Avenue’s flagship store.
Saks Fifth Avenue wants to open a casino on the top floors at its location on Fifth Avenue. The luxury department store is located between East 49th and East 50th streets, next to St. Patrick’s Cathedral.
This bid is differentiating itself by aiming to open a high-end casino that will target high rollers. The company says that a high-end operation on their building’s higher floors would limit the risk of gambling addiction for middle- or working-class people.
The area is expected to include the top three floors of the store, comprising a collective 200,000 square feet, and the casino would include a separate lobby from the department store, according to the New York Times. Guests will also enter via a separate entrance on a red carpet that extends out onto the sidewalk and opens into a vast lobby area.
The New York State Gaming Commission is expected to announce the winners of casino licenses later this year.
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Thanks for the head’s up on this. My wife and I are regular customers of Saks. I’m just trying to visualize the top three floors being converted. I’m trying to visualize whether Saks would keep L’Avenue restaurant where it’s located, moving it, or doing away with it.