Jake’s 58 Casino in Long Island is taking steps to get ahead of the competition in New York, with a $210Million expansion set to put the property well and truly on the map.
The expansion will be the first for the casino since it opened back in 2017, but the project has been a long time coming as fellow casino’s in New York compete for a NYC casino license.
“We’re not vying for one of the licenses, and as a matter of fact, I think that wherever those casinos are located, we are going to be able to compete very well” said Suffolk OTB CEO Phil Boyle.
“We are going to basically double the size of the current Casino, and all of our profits, for the most part, go to the New York State Education Department and to our host county of Suffolk County on Long Island.” Boyle added.
Jake’s 58 Casino Expansion
The new look expansion is expected to increase annual revenue at the casino by a projected 42%. Terminals will also double after the new expansion to 2,000, with parking extended by 1400 spaces from 600.
Jake’s 58 casino in Long Island is one of just two government-owned casinos in the United States, which could help the expansion’s progress in the coming months.
State regulators announced last month that they would not be selecting new casino licenses within New York until 2025 at the earliest, meaning Jake’s 58 Casino in Long Island hold a healthy advantage over the rest of their local competition.
“So I’m hoping that we will be able to have a ribbon cutting on the newly expanded Jake 58 before the other casinos even start building and we have a very loyal following,” Boyle said.
Explore Instant Withdrawal Casinos on InstantCasinos for the fastest payouts in the online casino industry.
