Wynn Resorts has called off its ambitious $12 billion casino project in Hudson Yards, citing persistent community opposition as the key reason for their decision. The company recognized that investing in the casino would face significant resistance, prompting them to redirect capital towards more profitable ventures. This cancellation reflects local sentiments against large developments in the area, as seen in past opposition to sports stadiums. The state Gaming Commission is still set to award up to three casino licenses in New York City soon, making future proposals likely.
"After careful consideration, we have decided not to lodge an application for a gaming license in New York City," Wynn Resorts said in a statement.
"The recent rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders... than investing in an area in which we... will face years of persistent opposition."
"We sincerely thank those who have supported our efforts, including our partners at Related Companies, and continue to believe that their proposed Hudson Yards West development is an outstanding opportunity for New York City."
The proposal was opposed by Friends of the High Line and Community Board 4.
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