Suffolk OTB will break ground on a $210 million expansion of Jake’s 58 Casino Hotel ahead of its competitors vying for the coveted NYC casino licenses.
“We’re not vying for one of the licenses, and as a matter of fact, I think that wherever those casinos are located, we are going to be able to compete very well,” Suffolk OTB CEO Phil Boyle told the Post.
The expansion — the first since the casino opened in 2017 — is expected to increase annual revenue by as much as 42% and double terminals to 2,000 and increase parking from 600 spaces to close to 2,000.
“We are going to basically double the size of the current Casino,” Boyle explained adding that they’re one of two government-owned casinos in the United States.
