- Andrew Yang seeks land-based casinos in NYC
- Billy Walters receives a Trump pardon
- An auction to demolish Trump's casino is cancelled
This week’s casino news starts us off in New York City where a certain mayoral candidate wants to bring casino gaming to the Big Apple. Will it happen? Let’s take a closer look.
New York City Mayoral Candidate Andrew Yang Wants A Casino In The City
The race to become New York City’s next mayor is on and the candidates are all trying to stand out from the crowd. If you happen to be wanting a casino in the state of New York City, you may be waiting awhile.
Yang is currently running for mayor in the city and is hoping to build a brick-and-mortar casino in the city. This isn’t the first time that Yang has supported poker and gaming, as he offered his support to legalize online poker back in 2019. Yang believes that a casino in New York city would be great way to regain tax revenue after the COVID-19 pandemic decimated tons of properties around the world.
The location he threw out there was Governors Island, a 172-acre island that is just below Manhattan. As of right now, there are only a few buildings out there such as restaurants and shops. The island is only accessible when using a ferry, though.
Gov. Andrew Cuomo had placed a bill that severely limited the building of casinos in New York and that is not expected to be lifted until at least 2023. If Yang is even able to take a position in office, it wouldn’t be until 2022 – just one year before that rule is lifted. Yang has been making plenty of noise with progressive ideas, so we’ll see if this one helps.
Billy Walters Was Pardoned By Donald Trump
In what was an eventful final few hours of Donald Trump’s presidency, he had pardoned a lot of various people. While rappers Lil Wayne and Kodak Black received most of the attention, the pardoning of legendary sports bettor Billy Walters flew under the radar. Walters was first convicted in 2017 of insider trading and was supposed to spend five years in prison. During his time as a bettor, he was considered one of the best to ever do it throughout his entire 39-year career.
But Walters wasn’t just sentenced to time in prison, as he also got fined $10 million for his actions. It was reported that Walters picked up $25 million off of information that wasn’t supposed to be released to the public yet. Walters claimed that it was pro golfer Phil Mickelson’s fault as he owed him nearly $2 million in gambling debts and decided to pay it off using his valuable information.
Trump decided to take matters into his own hands and released him from prison, forcing him to spend the rest of his sentence under house arrest. His sentence was originally scheduled to end in February of 2022.
Auction To Blow Up Donald Trumps Casino Has Been Canceled
Speaking of Trump, anyone that was hoping to push the button that would blow up one of his casinos in Atlantic City, it doesn’t seem like that is going to be happening. Bodnar’s Auction Sales was beginning to take bids on who could push the button that would blow up Trump Plaza, which is now owned by billionaire Carl Icahn, but the kibosh was put on that plan. Icahn sent over a cease-and-desist letter to the company, making it very clear that there are far too many safety concerns to be doing this. Bodnar eventually agreed with him.
The property is still set to be demolished sometime soon but it will not be a public event and no buyer will be able to hit the button. The reality is that this is the much safer way to get the job done as the last thing Icahn wants is to turn a charitable event into a significant company liability.