Las Vegas Sands Withdraws Casino Bid on Long Island

Las Vegas Sands has officially withdrawn its application to build a casino on Long Island, citing concerns about the growing popularity of online gambling. The company believes that the increasing accessibility of online casinos could significantly impact the profitability of a brick-and-mortar establishment in the region. This decision effectively removes Las Vegas Sands from the running for one of the three coveted casino licenses being offered around New York City. The competition for these licenses is fierce, with several other major players still vying for the opportunity. The withdrawal of such a prominent contender raises questions about the future of casino development on Long Island and the overall landscape of gambling in the New York metropolitan area. Industry analysts suggest that other companies may also be re-evaluating their strategies in light of the evolving online gambling market.