Overview

• Las Vegas Sands has officially ended its bid to develop a $6 billion casino resort at the Nassau Coliseum site in Uniondale, Long Island.
• The company will not apply for one of New York's three downstate gaming licenses, which are set to be awarded later this year.
• Sands executives cited factors like the rise of online gambling, U.S. economic uncertainties, and a strategic focus on share repurchases and Asian operations as reasons for the decision.
• Nassau County officials, led by County Executive Bruce Blakeman, are exploring alternative developers and will decide within 30 days whether to include a casino in the site's redevelopment plans.
• The original proposal had bipartisan political support but faced opposition from Hofstra University and local residents concerned about traffic, pollution, and water usage.