The Oneida Indian Nation has unveiled ambitious plans for a $370 million capital investment, marking the most significant renovation of New York’s Turning Stone Resort Casino in the past two decades. This comprehensive analysis will explore the details of this transformative project, including a partnership with renowned design firm Gensler, the anticipated economic impact, and the array of additions such as a state-of-the-art conference center, outdoor event spaces, and a luxurious hotel.
Overview of the Turning Stone Evolution:
The Oneida Indian Nation’s $370 million investment signifies a major milestone in the evolution of Turning Stone Resort Casino. This section will provide an overview of the project, emphasizing its scale, significance, and the strategic vision behind the renovation.
Strategic Partnerships and Design Excellence:
Collaborating with architecture and design firm Gensler, the Turning Stone project aims for excellence in both aesthetics and functionality. We will delve into the key aspects of this partnership and how Gensler’s expertise will contribute to the overall success of the renovation.
Economic Impact and Job Creation:
The Turning Stone project is projected to generate a substantial economic impact, including a $616 million one-time boost, the creation of 3,600 one-time jobs, and $22.1 million in state and local tax revenues. This section will break down these figures, emphasizing the project’s contribution to the regional economy.
Innovative Facilities and Amenities:
The expansion includes a 77,000-square-foot conference center that will double existing conference space, new ballrooms, an outdoor courtyard, and a multi-functional parking garage. Additionally, a new hotel with 258 rooms, VIP lounge, and dining options like the Salt Seafood & Raw Bar will enhance the resort’s offerings. This section will provide a detailed overview of the innovative facilities and amenities.
Turning Stone Enterprises and Entertainment Offerings:
With the rebranding of Oneida Nation Enterprises to Turning Stone Enterprises on October 1, this section will explore the strategic shifts in the business model. The relocation of The Lounge with Caesars Sportsbook to Turning Stone’s Exit 33, NY Rec & Social Club, along with its enhanced features and entertainment options, will be highlighted.
Diversification and Sustainability:
Beyond gaming and entertainment, the Turning Stone Evolution encompasses diverse elements such as a 5,000-square-foot onsite medical center, a golf practice area, and more than 120 electric vehicle chargers. This section will shed light on how these additions contribute to the resort’s diversification and sustainability goals.
Leadership Perspective and Vision:
Ray Halbritter, Oneida Indian Nation representative and Oneida Nation Enterprises CEO, plays a pivotal role in shaping the vision behind the Turning Stone Evolution. This section will include insights from Halbritter, emphasizing how the project aligns with the region’s growth and economic leadership.
New York Sports Betting Landscape:
To provide context, this section will briefly touch upon New York’s sports betting handle, reaching $1.17 billion in June. Exploring the revenue and tax figures, it will provide a comparative backdrop to the Turning Stone project, showcasing the broader trends in the state’s gaming industry.
Summarizing the transformative impact of the Turning Stone Evolution, this section will underscore its significance as a catalyst for regional growth, economic vitality, and the continued success of Turning Stone Resort Casino as a premier destination.