Jake’s 58 casino opens in New York
The former Islandia Casino opened its doors to the public yesterday afternoon.
US.- Jake’s 58 Hotel & Casino opened the first phase of its facility yesterday at 1 pm with approximately 260 video lottery terminals (VLTs). Earlier this month the venue changed its ownership and renamed the casino from Islandia Casino to Jake’s 58.
Delaware North of Buffalo, the casino operator, announced a couple of hours earlier that they would open the same day. The Gaming Commission granted the, a certificate of operation the same day, and that’s why the facility opened with such short notice. According to Newsday, Delaware North is under contract with Suffolk Regional Off-Track Betting Corp (Suffolk OTB). The soft-launch included a preview of what’s to come, and it is expected that 35 machines will be added in March, with a total of 1000 by the summer.
Suffolk said earlier this month 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.
