That would get Suffolk OTB out of bankruptcy, which it first filed for in 2011. It is a high-stakes gamble for Suffolk OTB.Īs Newsday’s article was headlined last month, “Suffolk OTB counts on a casino in Islandia to counter bankruptcy.” Indeed, Suffolk OTB officials are hoping the casino will generate $2 billion in gross revenue a year. Jake’s 58 gets its name from the nearest LIE exit, 58, and the Jacobs family, owner of Buffalo-based Delaware North. It was purchased by Delaware North, which describes itself as a “global hospitality and food service company” and will be running it with the Suffolk OTB. It had been the Islandia Marriott Long Island, at 10 stories with 227 rooms, a huge hotel for Suffolk. Then the Islandia Marriott came on the market. But the Medford location faced strong resistance from area residents and Brookhaven Town officials.
Medford had been the site planned for the casino by Suffolk County Regional Off-Track Betting Corporation.
Suffolk County suddenly has gotten a major gambling casino - the recently opened Jake’s 58 Hotel & Casino along the Long Island Expressway.
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