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Some framed their opposition in religious terms and argued gambling would undermine the city’s family-friendly character. An official with University of Dallas, which would neighbor the resort, was among those to voice concerns about the plans. More than 170 people signed up to speak before the early Friday vote, with every speaker either criticizing Sands Corp.’s proposal or the city’s process. It is a good start, but having a license from a good regulator does not automatically guarantee that a casino will treat you well. At the same time, having a license from a bad regulator does not mean that the casino will be unfair and try to scam you. There are good and bad casinos on both sides of the licensing spectrum.
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Council approved the amended zoning proposals with no gambling portion in two separate 6-3 votes.
Yeet.com, a new crypto casino and sportsbook, today announced it has raised $7.75 million in a funding round led by crypto venture fund Dragonfly, with participation from notable angel investors like Pudgy Penguins CEO Luca Netz and LayerZero CEO Bryan Pellegrino. The company plans to lease the county-owned facility that has remained largely unused since the coronavirus pandemic. Their proposal would feature a towering glass building overlooking the amusement park in the heart of the waterfront community.
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To a large extent, that corridor has been left behind on economic growth for quite some time and so they need it,” Hefner said. A recent economic development study shows that the investment in the Santee area would support the underdeveloped Orangeburg community. The study found it would generate over $75 million in annual tax revenue according to Santee Development Corporation.
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The amended zoning proposals with no gambling portion passed in two separate 6-3 votes. Another factor, he explained, was the uncertainty of when or if gambling would be legalized in Texas. The Texas Legislature would need to vote to send a constitutional amendment to voters state-wide for consideration.
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Rolled out last June, the plan also includes $250 million in community reinvestment to support businesses and groups in Midtown and nearby Hell’s Kitchen. Public comments stretched into the early hours of Tuesday morning, with some residents voicing strong objections and others supporting the economic potential of the project. Despite the discussion, any recommendation made Monday night will still require approval from the Irving City Council on Thursday. “In that community of that size, where are the people going to come from? And that again could change the dynamics of the community, but that’s true for every community.
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The license would merely be an expansion with new restaurants and entertainment facilities, and not a project that has to be built from the ground up. The applicants must also meet all environmental and zoning requirements before the Gaming Facility Location Board reviews their plans. It is anticipated a final decision on the three licenses will come at the end of 2025. Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running.
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