The management behind the Foxwoods Casino have declined to make a proposition on a casino license in Catskills, sources close to Foxwoods told to Wall Street Journal. Originally the team wanted to purchase a casino license to open and operate a casino in the Old Grossinger's Hotel in Liberty, New York.
Foxwoods however decided not to purchase the license due to the high chance of getting competition from a casino in Orange County. If a casino should open in Orange County, it would not only make it difficult to ensure the financial side of operations, but it would also make financing through banks difficult.
Foxwoods is not the first casino to decline purchasing a casino license in Catskills after receiving news about a potential casino in Orange County, as Len Wolman, Connecticut Developer and Stockbride-Munsee Community also pulled their offer off the table after receiving similar news. Their casino was going to be placed in Thompson, Sullivan County.
The final bids for casino licenses in New York are due on June 30th and a total of four casino licenses are going to be distributed among the bidders.