Jake’s 58 On line casino Breaks Floor on New Constructing, Parking Storage
Jake’s 58 On line casino Lodge on New York’s Lengthy Island is present process a $210 million renovation and enlargement, and building on the resort’s new constructing in Islandia is ready to quickly start.
Work has begun on a constructing that may increase Jake’s 58 On line casino Lodge on New York’s Lengthy Island. The undertaking will double the variety of gaming positions on the video lottery property. (Picture: Suffolk OTB)
Jake’s 58 is embarking on its subsequent chapter as new competitors is ready to reach within the coming years with three built-in resort casinos within the downstate area. Whereas Suffolk Regional Off-Observe Betting Corp. (Suffolk OTB), the dad or mum of Jake’s, isn’t bidding for one of many three full-scale on line casino licenses that embody privileges for slot machines, dwell supplier desk video games, and sports activities betting, the corporate is making a giant wager to solidify Jake’s place within the New York gaming market.
Suffolk OTB President and CEO Phil Boyle says the funding focuses on attracting new patrons to the advanced.
As soon as accomplished, the enlargement will permit us to host company outings, conventions, commerce exhibits, and musical occasions,” Boyle advised Long Island Business News. “For instance, I believe Jake’s 58 will grow to be the right venue for first responders to host their set up dinners. The chances are countless.”
Jake’s operates slot-like video lottery terminals (VLTs) by way of a central lottery system managed by the New York Gaming Fee (NYGC). The 11 VLT casinos within the state maintain about 46% of the machines’ gross income and direct 44% to the state for Okay-12 public schooling. The remaining 10% is earmarked for gaming distributors and the administration of the video lottery central system.
Growth Options
Suffolk’s $210 million funding consists of every of the resort’s 210 guestrooms present process a much-needed makeover. The present on line casino, which sits inside what was as soon as a Marriott resort foyer, can also be being refreshed.
The enlargement work that’s starting this week is to assemble a 110,500-square-foot constructing immediately behind the long-standing resort. The linked construction will increase the on line casino flooring to double the variety of VLT positions from 1,000 to 2,000. The brand new gaming space will even home a 17,500-square-foot VIP lounge and leisure space.
About 3,500 sq. toes can be reserved for weddings, events, and different occasions. A 200-seat meals court docket can also be within the blueprint.
Together with the constructing, Suffolk is investing in a 3.5-story parking storage that may accommodate as much as 500 autos. Parking has been a problem at Jake’s, which at the moment solely has floor parking tons. When busy, patrons, a lot of whom are older, should stroll appreciable distances to achieve the on line casino.
Completion of the brand new amenities is scheduled for the primary quarter of 2026. As soon as the expanded on line casino is up and working, native residents are anticipated to see their property taxes eradicated. Jake’s has pledged to up its annual dedication to the native Islandia authorities from $2.25 million to $4.25 million.
Sportsbook Plea
Although Jake’s isn’t pursuing full on line casino rights, Boyle does assume state lawmakers in Albany ought to increase sports activities betting to VLT institutions, racinos, and off-track betting parlors.
There are three million folks on Lengthy Island and no sportsbook,” Boyle mentioned.
Lengthy Island sports activities bettors can’t go to a bodily e-book with out touring upstate, not less than till the three downstate casinos open, however New York is residence to authorized on-line sportsbooks.
