His voiceover talks about how this casino will be “where community gathers to build a future.” Riiiiighhhht. Whenever I’m in a town that has a casino, obviously, the whole community gathers there to build a future. It’s definitely not a place where people drink $6 Bud Lights and smoke inside at 10 am while losing their paycheck at roulette…. In 2023, New York State authorized three downstate casino licenses, sparking a fierce competition among some of the biggest names in real estate, entertainment, and gaming. Proposals came from Las Vegas Sands on Long Island, Wynn and Related in Hudson Yards, Caesars in Times Square, Steve Cohen and Hard Rock in Willets Point, and Thor Equities in Coney Island.

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I truly hope this casino project becomes an enormous success for you, for the people of Queens, and the people of New York. That’s the million… or maybe even billion-dollar question. So far, neither Resorts World nor Nas has disclosed the size of his stake in the Queens casino project, and it’s important to set realistic expectations. Our complaint specialists helped resolve issues that resulted in $53,414,766 returned to players. Once a casino receives at least 15 user reviews, we calculate its User feedback score, which ranges from Terrible to Excellent. After creating this base, we look at other factors, such as its withdrawal limits, terms and conditions, win limits, and more to arrive at a final number.

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If he owns 5%, multiply the numbers above by five, but I am extremely skeptical that Nas owns 5% of this project. And, hopefully, future disclosures will give us the real nitty-gritty details. In 2009, the luckiest Russian billionaire of all time, Mikhail Prokhorov, bought 80% of Ratner’s team stake and 45% of the Barclays Center. As a reminder, the project carries a $5.5 billion price tag, funded primarily by Genting Group. And this week, he took the first of many steps on the path to becoming a casino tycoon.

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Nas, who famously grew up in Queens and has built a second career as a venture capitalist through his company QueensBridge Venture Partners, has been front and center in promoting the bid. He appeared in Resorts World’s promotional materials, spoke at press conferences, and has tied the project directly to his hometown roots. Fellow Queens native Kenny “The Jet” Smith is also on board, helping to develop a sports academy on the casino campus. The expansion still requires a full gaming license from New York State, but approval by the local board was a major hurdle.

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