**Related, Wynn Scrap $12B Casino Plans Near Hudson Yards Amid Community Opposition**
Citing persistent community opposition, Related Companies and Wynn Resorts have officially withdrawn their $12 billion proposal to develop a casino near the Hudson Yards complex on Manhattan’s Far West Side. The announcement comes just weeks before the New York State Gaming Commission’s application deadline for casino developments in the downstate region.
In an official statement issued Monday, Wynn Resorts explained the rationale behind the decision:
*“The recent rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders—such as investment in our existing and upcoming developments and stock buybacks—than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers.”*
The proposal faced strong resistance from local advocacy groups, including Friends of the High Line and Manhattan Community Board 4, who led the charge against the project.
The New York State Gaming Commission is expected to award up to three casino licenses for the New York City area, with final decisions anticipated by the end of 2025.
