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Q2 2021 Major U.S. Hotel Sales Survey | By Daniel Lesser – Hospitality Net

Q2 2021 Major U.S. Hotel Sales Survey | By Daniel Lesser – Hospitality Net
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Why the Shinnecock Tribe Is Clashing With the Hamptons' Elite

Why the Shinnecock Tribe Is Clashing With the Hamptons' Elite
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Suffolk Regional Off-Track Betting To Buy Islandia Casino

Ted Murphy
/ Flickr
Suffolk Regional Off-Track Betting Corporation is set to buy Jake’s 58 Casino Hotel in Islandia for $120 million.
The deal is with Delaware North, a Buffalo-based global food service and hospitality company.
Suffolk OTB said it would save about $13 million a year in rental and management fees. It also frees them of a multi-decade contract with the company.
Spokesman Jon Schneider said the deal would cut taxpayer costs and put more money into county coffers.
Delaware North’s president of gaming operations said the company will continue to run the hotel and video lottery casino until the sale is done. ....

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Long Island Casino Eyes Expansion

Courtesy of Pexels
Suffolk Regional Off-Track Betting’s new president, Jim LaCarrubba, is already in talks with key players about expanding Jake’s 58 Casino Hotel in Islandia on Long Island.
LaCarrubba told Newsday he’s spoken with the casino’s owners, as well as state lawmakers and the Village of Islandia, about adding more video lottery terminals and new restaurants. Any expansion would require state legislation.
Currently, the casino has 1,000 video lottery terminals. LaCarrubba said they represent 5% of the state’s total and generate 10% of the income from video lottery. Possible sites for an expansion include the Jake’s 58 Casino Hotel in Islandia or other Suffolk OTB-owned property at Medford. ....

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