New York could have a casino with a landing area for emerging g e VTOL tech.
The UE Resorts International is located outside of the United States.
A Las Vegas-seasoned asset manager is eyeing an addition to New York's famed Manhattan skyline, a casino with space for trading cryptocurrencies and a landing pad for flying cars.
Insider has learned that a former Las Vegas Sands board member is going to submit his proposal for a casino to the local gambling regulators by Friday.
The project includes a venue for events such as New York Fashion Week, the US Open, and Fleet Week, as well as an esports arena.
Ader said in a recent interview that the goal is to have a differentiated, but comprehensive approach to entertainment that goes beyond casino gaming with some pretty cool elements.
There is a debate about whether trading digital currencies is gambling or investing, given their high price volatility. The market is similar to casinos in the Wild West according to Gary Gensler, the Securities and Exchange Commission chief.
Some members of the community were positive about the news. "If you want to regulate it into oblivion, put it on a casino floor," one person said.
"Mirai" is Ader's chosen name for the casino. The cost estimate for the project is $3 billion or more, though that might change depending on its location.
Local officials have previously opposed the idea of a casino in the area, which is why Ader's preference is for a site in Manhattan.
He is partnering with a subsidiary of Universal Entertainment Corporation, which is a leading provider of gaming technology based in Japan, to put forward the casino bid. Ader's blank-check company, 26 Capital Acquisition Corp., will be merging with a Philippines-based casino resort.
The company plans to list its shares on the stock exchange.
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