There’s one fewer seat at the table of bidders for a New York downstate gaming license.
Saks Fifth Avenue has pulled its bid for one of three licenses up for grabs, Crain’s reported. People close to the matter told the outlet there had been little communication from Saks’ parent, Hudson’s Bay Company, with those involved in the casino process in recent months, signaling it was waving the white flag.
“At this time, the company is no longer pursuing a downstate New York gaming license and is focused on other strategic priorities,” said a spokesperson for Saks.
Two years ago, the owner of Saks Fifth Avenue announced a proposal to convert the top three floors of its Midtown Manhattan flagship location at 611 5th Avenue into a casino.
