Saks Fifth Avenue folds its casino proposal

Saks Fifth Avenue drops casino proposal

Saks Fifth Avenue has folded its bid for a gaming license, ending the company’s plan of adding a casino atop its Midtown flagship store. As first reported by Crain’s, the department store withdrew its bid for one of three coveted downstate gaming licenses expected to be awarded by the end of the year, with a Saks spokesperson saying the company is now “focused on other strategic priorities.” In recent months, minimal communication between Saks’ …

Saks Fifth Avenue folds its casino proposal

The department store chain is shifting its focus to “other strategic priorities,” leaving one less bidder for the three licenses.

Hudson’s Bay Company Drops Bid to Build Casino Atop Saks Fifth Avenue

Hudson’s Bay Company (HBC), the parent company of Saks Fifth Avenue, has folded its bid to build a casino atop its flagship Midtown department store. After providing few details on its casino proposal in recent months as the race to secure a downstate casino license heated up, HBC decided to abandon the project to “focus on other strategic strategies,” Crain’s New York Business reported, citing a HBC spokesperson. A spokesperson for HBC did not …