Approval Imminent for Long Island’s Jake’s 58 Casino Hotel Expansion

Posted on: August 1, 2023, 03:44h.

Last updated on: July 31, 2023, 05:31h.

Jake’s 58 Casino Hotel, a popular gaming venue on Long Island, is planning a $200 million expansion. The project, set to be approved by the Islandia Village Board on August 1, 2023, will add more video lottery terminals (VLTs), a VIP gaming lounge, new restaurants and bars, and a multilevel parking lot to the existing 100,000-square-foot facility.

Jake's 58 Casino New York Long Island
Jake’s 58 Casino Hotel on New York’s Long Island is set for a major expansion and renovation. The Islandia Village Board is set to formally approve the project during its meeting on Aug. 1, 2023. (Image: Long Island Business News)

The expansion will also include updating the 210 guestrooms at the on-site hotel. However, final approval from the Islandia Village Board is still required before construction can begin.

In May 2021, Suffolk Regional Off-Track Betting Corporation (Suffolk OTB) acquired full control of Jake’s 58 by buying out Delaware North. With the successful operation of the VLT casino, Suffolk OTB has accumulated enough capital to finance the expansion and renovation. The board preliminarily approved the plan last month, and a final vote is scheduled for tomorrow evening at Village Hall.

Expansion Details

The expansion project aims to double the number of video lottery terminals (VLTs), from 1,000 to 2,000. It will also include a VIP gaming lounge, new restaurants and bars, and a multilevel parking lot. Additionally, all 210 guestrooms at the hotel will be updated.

Suffolk OTB acquired Jake’s 58 in 2017, transforming it into one of the most successful VLT “racinos” in New York. The expansion comes as the state officials consider applications for Las Vegas-style casinos in the downstate area.

November Commencement

If approved by the Village Board, construction is set to begin in early November. Along with the expansion plans, a barrier wall will be built on the property’s eastern edge to address noise concerns from nearby residents. Jake’s 58 is located approximately 30 miles east of a potential Las Vegas Sands integrated resort.

Source link

Leave a Comment