Wynn Resorts has withdrawn its bid for a gaming license at the Western Rail Yard development in New York City, citing increasing community opposition as a key reason. The company stated that it found better capital uses, such as investing in existing developments or stock buybacks. Meanwhile, City Council Member Erik Bottcher expressed disapproval of the casino project, emphasizing the necessity of substantial community support for significant developments. Related Companies plans to continue the development, which includes affordable housing and a public park.
Wynn Resorts has decided not to pursue a gaming license for its Hudson Yards development citing rising community opposition and a preference for alternative investments.
City Council Member Erik Bottcher remarked that community support is crucial for such impactful projects, emphasizing that new developments must prioritize the needs of New Yorkers.
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