The upcoming casino changed its name after a new ownership.
US.- Islandia Casino, the first video lottery casino in the area, will be renamed as Jake’s 58 Hotel & Casino after its new ownership. The casino is set to open later this month in the Islandia Marriot, close to the Long Island Expressway north service road.
“The new name is symbolic of Delaware North’s commitment to and enthusiasm for bringing a first-rate entertainment and hotel property to Islandia. Our renovations to create a destination gaming venue are in full swing, and we are also committed to keeping the hotel a preferred lodging option for travelers to Long Island,” said a statement from Chuck Kilroy, general manager of Jake’s 58 Hotel & Casino.
Suffolk County OTB said earlier this week that the casino will generate approximately US$2 billion in gross revenue: they would get US$164 million annually, and US$13 million would go directly to Suffolk County for the first 10 years of operating, whilst they would also pay US$15 million in outstanding debt. Phil Nolan, President of the Suffolk County Regional Off-Track Betting Corp (OTB), said that without the new and expected revenues, they would be out of business and doing something different. New York Racing Association is the biggest creditor with US$3 million.