Phil Boyle - President and Chief Executive Officer of Suffolk Regional Off-Track Betting Corporation
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Speaker 1 (00:00):
Hi everyone, This is Steve Dallison and welcome to this
Speek's edition of CEOs. You should know. I'm thrilled to
be joined by Phil Boyle, the CEO of Jake's fifty
eight Casino Hotel. Phil, thanks for being here today.
Speaker 2 (00:10):
Thanks so much having me stay. Look forward to it.
Speaker 1 (00:11):
We're excited to jump in to learn more, of course
about Jakes fifty eight, but more importantly about you, Phil,
So why don't we kick it off. I know that
you spent over thirty years in public service, including a
decade as a New York State senator. Very impressive. How
has that experience shaped you to really leading Jake's fifty
eight Casino Hotel.
Speaker 3 (00:30):
Now, yeah, it's interesting because a lot of people say, well,
how did you go from being a state senator to
a casino private sector? But interestingly enough, Jakes fifty eight
and Suffolk Off Track Betting, which we own. Jake's Casino
is actually a public benefited corporation. It's a public benefit corporation,
what means it's a government entity, but it's run like
(00:51):
a private business. So instead of the profits going to
shareholders or owners, our profits go to the school.
Speaker 2 (00:57):
New York State schools.
Speaker 1 (00:58):
Oh wow, I'm sure nobody knew that.
Speaker 4 (01:01):
Not too many people do. We like to get the
word out.
Speaker 1 (01:02):
Yeah, that's great, that's great to hear. Since taking over
a CEO in twenty twenty two, JCFTA has continued to
grow popularity, not just in Long Island, but of course
all throughout the New York City region. What drew you
to this position and what surprised you the most about
the gaming industry?
Speaker 2 (01:19):
Well, I can tell you that's a great question. The money.
Speaker 3 (01:21):
I'm not really a gambler myself, and I knew a
little bit about you know, Vegas and stuff like that,
but the money in the gaming industry is mind boggling.
Speaker 4 (01:31):
Just like, for.
Speaker 3 (01:32):
Example, where we are now, we're doing very well as
a casino. It's a small casino. We only have a
thousand slot machines, but we're doing in the middle of
a big expansion two hundred and eleven million dollars. Wow,
And I believe when we're finished with this expansion, we're
going to make well over a million dollars a day
in that casino. In the one casino with only two
thousand slot machines.
Speaker 2 (01:50):
That is insane.
Speaker 1 (01:51):
Yeah, that would blow my mind as well. I know
that you've been name Chairperson of the Year by the
New York Gaming Association. How do you see your public
power background in forming your leadership at a statewide level.
Speaker 3 (02:03):
Well, one thing about the gaming industry is highly regulated,
and whether it's Vegas or here in New York or
any state, it really is. And so my background in
public service in the state legislature before that I was
I worked for as a congressional aid for five years.
I think I understand that the workings of government, which
helps in an area that's highly regulated. So if we
have a little problem at the casino, I usually can
(02:24):
know someone. I can pick up the phone and say, hey,
can you help us out on this, and you know
we'll get it fixed.
Speaker 2 (02:30):
Yeah, that's awesome.
Speaker 1 (02:31):
I mean, you can't look at the news and not
see all the stuff that's currently going on with the
downstate Class three table game licenses. Can you tell us
why Jakes fifty eight want to stay as that slot's
only casino.
Speaker 2 (02:43):
Yeah?
Speaker 3 (02:44):
Uh so, basically the real reason was to get the
license to get it become a Class three they call
it Class three casinos that have table games. We're a
class too, that only have slot machines. Just to get
the license was half a billion dollars.
Speaker 1 (02:56):
Gosh.
Speaker 3 (02:56):
So you have three companies now that I believe are
going to win. It's not official if they're so yet.
So each of those companies is going to give half
a billion dollars. That's going to put one point five
billion dollars into New York State budget. But that was
too rich for our blood, especially as a government entity.
Speaker 1 (03:10):
Yeah, that makes sense. I know you briefly talked about
the expansion a little bit, but let's jump into that.
I know your abouts. You break ground or recently broke
round on a two hundred and ten million dollar expansion,
one of the largest gaming investments in Long Island. What
are the key goals of this project and how do
you think in the long term it will really transform
that guest experience.
Speaker 2 (03:29):
Yeah.
Speaker 3 (03:29):
I think it's going to be great for our customers.
So right now, we have a casino that's in a
forty year old hotel. It was never meant to be
a casino. We just crammed a thousand slot machines into
an old hotel. So with this new expansion, we're going
to have an entirely new building, one hundred and ten
thousand square feet. We're going to go from one thousand
slot machines to two thousand slot machines with a lot
of amenities and newer things. It's going to be a
(03:51):
great increase in improvement for our customer satisfaction and enjoyment.
And one thing about if anybody's ever driven by Jakes
fifty eight on the Long Island Expressway, they look and
they see the parking.
Speaker 4 (04:01):
Lot is completely full every day, day and night.
Speaker 3 (04:04):
So we're going to go from six hundred parking spots
to two thousand parking spots, so people have a much
better experience to enjoy the games that they love to
play so much.
Speaker 1 (04:13):
That's awesome. Everybody loves more parking. You guys had become
a major entertainment destination. I know you offer one thousand VLTs,
you have a modern inner block stadium and dynamic hospitality experience.
What leadership decisions did you make while you were CEO
that were most critical to maintaining that momentum to have
(04:33):
that type of appeal.
Speaker 3 (04:34):
Yeah, Well, we've been very fortunate, and I think the
real reason is the team that we put together itself
at Go TB and Jake's casino. The casino is run
by Michael Bonachtar and Dan Freed, two guys with thirty
years plus experience in the gaming industry. We have people
running the hotel side that have decades of experience. So
as you know when Stephen Shure interviewing other CEOs, when
you get the right team around you, it makes a
(04:55):
lot easier.
Speaker 1 (04:56):
Team is everything I know that we talked about. This
is one of the surprising facts. It's like, how much
the casino actually gives back to the community, right, Can
you tell us about some of the benefits that Jake
fifty eight does bring to that surrounding community around it
as a government on casino.
Speaker 3 (05:10):
Yeah, so beyond giving to the New York State Education Fund.
So last year we gave one hundred and thirty three
million dollars in the New York State Education Fund.
Speaker 1 (05:18):
Wow.
Speaker 3 (05:18):
But we also support local charities as well. We have
a very robust charitable giving program. We've kind of suspended
for a little a couple of months while we're doing
the expansion, but it's going to come back in twenty
twenty six. But we also have this thing called Donate
Your Change where it's kind of like, you know, rounding
up when you go to the grocery store, that type
of thing. And so we give out many dollars to
(05:42):
different local charities. And again talk about the money. When
a company has put or not for profit charity is
put on that donate your change thing, it can make
ten thousand dollars in one month to give that we
give to the charity. So we support a lot of
local folks that are doing a good job.
Speaker 1 (05:56):
That's awesome, that's great to hear. I know that the
overall are NYGA facility also has contributed over a billion
dollars to education in twenty twenty four. As a chairperson,
what is your strategic vision in seeing the strengthening of
that industry's like long term contribution to New York's economy
as well as the school funding.
Speaker 3 (06:15):
Yeah, the New York Gaming Association be close with the
high taxes and high regulation of the gaming industry in
New York State.
Speaker 2 (06:21):
Like you say, we're giving billions of dollars to New
York State.
Speaker 4 (06:23):
Now, we have three.
Speaker 3 (06:24):
New casinos coming down as you mentioned, Steve, and I'm
hoping to get them to join the association and make
more of a partnership with them, and we also will
work together. Well, I'm looking forward to perhaps talking some
of these new casinos, maybe mister Cohen or the Resorts
World or whatever about partnering with them. I'd like to
build a sports book out at Jakes fifty eight. We
(06:45):
do not have a sports book, so to we have
that a little change in the law. But it's a
very popular thing, sports betting these days, and to have
one out there, and we would partner with one of
the casinos, that'd be great.
Speaker 1 (06:55):
We talked about this a little bit briefly, but I
know that the gaming and racing sector definitely faces some complex, relegatory, economic,
and technological challenges. What do you see is some of
the biggest challenges ahead for the near gaming industry and
how do you prepare to really address those challenges.
Speaker 3 (07:12):
Yeah, that's a great question too, and I would say
really the online version, how that's going to affect everything. Obviously,
places like Atlantic City and Connecticut they have to figure
out what they're going to do with their casinos when
the three new casinos are built here in New York City, right,
so there's gonna where normal people might go to Atlantic City,
they're Connecticut, they might just stay local.
Speaker 4 (07:30):
Now for our purposes.
Speaker 3 (07:32):
Uh, there's a thing called ie gaming or I casino
where it would allow for sport for not just sports betting,
but regular poker and stuff like that on your computer
at home. Obviously, that means people might say, I don't
think I'll just sit in the living room and play
poker rather than go to the casino. That's going to
be a challenge for us who have to figure out that.
Right now, it's it's not legal in New York State
(07:52):
to do that, but there's a serious talk about perhaps
legalizing eye gaming or online betting.
Speaker 1 (07:58):
That's awesome and I know it. Addition to obviously the
charitable donations that both Jake's fifty eight as well as
the NYGA make, another big factor of both of your
entities is that you support over twenty two thousand jobs
across the state. Right, so obviously that's once again doing
such good for New York. What is your biggest leadership challenge,
(08:19):
ben in balancing that economic growth while maintaining that community responsibility.
Speaker 3 (08:25):
Yeah, so basically one of the biggest challenges of my position,
getting back to the fact that it's a government owned casino.
You know, a lot of times there's a little disconnect
between private sector and public sector, and so we have
hundreds of both in our company. So sometimes people have
a government way of looking at things and a business
(08:45):
way of think looking at things, and I try to
get take both sides make an ultimate decision about the
best way forward for the company.
Speaker 2 (08:52):
That's great.
Speaker 1 (08:52):
I always love asking every single person that comes on
the show this question, what advice would you give yourself
when you first start off For those that might be
tuning in, that are aspiring to be a future see.
Speaker 3 (09:06):
I would say, actually get a little government experience, or
at least learn about it, you know, because so many
times I talked to business officials when I was an
elected official, and they would they didn't quite understand the
way government really works, and it was very frustrating for them. Yeah,
so I would say, look, you know, you got to
call this person. They'd be for example, they needed a
CFO for something or a permit and they're calling the
(09:28):
congress person like.
Speaker 4 (09:29):
No, you got a wrong vers wrong level right. But
stuff like that.
Speaker 3 (09:32):
Even you don't have to become an expert, you don't
have to work, you know, for thirty years in it,
but you should have some basic understanding or at least
hire someone that can give you that advice about how
government works visa v business.
Speaker 2 (09:42):
That's awesome.
Speaker 1 (09:43):
We touched on us a little bit. But as the
next chairperson of the New York Gaming Association, what does
the future of gaming look like for New York State?
Speaker 2 (09:52):
We're gonna see very soon.
Speaker 1 (09:54):
Yeah.
Speaker 3 (09:54):
When now, when these three new casinos come downstate, it
looks like it'll be Resorts World and Valleies and in
the Bronx and Steve Cohen at Metropolitan Park and Queens
And so when those are built, now, mind you, Steve,
it's gonna take a couple of years.
Speaker 2 (10:07):
So right now, Resorts.
Speaker 3 (10:09):
World, they could be online with their table games, with
the blackjack and everything in six months, they say, say
a year, right where Steve Cohen and the one in
the Bronx, that's gonna take four or five years, right, Yeah,
But the results from Resorts Will's happened pretty quickly. And
what effect that has on the other casinos. We've done
our study. We're not too concerned about it. You know,
(10:30):
if it's in New York City, our.
Speaker 4 (10:32):
Audience is long island base.
Speaker 3 (10:33):
We get some people from other places, but the ninety
plus percent of it comes from local that's great.
Speaker 1 (10:37):
Yeah, So what's next for Jakes fifty eight anything but
the expansion obviously, What are you most excited for in
the future.
Speaker 3 (10:43):
Yeah, I think that we have to figure out what
our next step is going to be after this expansion.
You know, we're gonna have more amenities, spa and things
like that. I was happy just the other day we
bought an eight and a half acre piece of property
next to the casino for.
Speaker 4 (10:57):
More parking, just what we so hopefully it won't be
totally filled.
Speaker 3 (11:01):
Next time next year, but we're gonna work on that,
and then once we get closer to finishing this first
phase of the expansion, we'll consider what we're going to
do in the next couple of years.
Speaker 2 (11:11):
Very exciting.
Speaker 1 (11:12):
Well for anyone tuning in, what is the one takeaway
you want our listeners to know about Jake's fifty eighth mission.
Speaker 3 (11:20):
So, I think it's to become a premiere entertainment and
gaming destination for everybody. You know, Long Island is certainly,
but everybody or whoever want to come here. I think
that we are growing and it's going to be a
beautiful new facility. They're going to love that. And then
of course no, we want all our customers to win.
Speaker 4 (11:39):
We love it when they win. But if you do lose,
remember it's going through the schools good cause that's.
Speaker 1 (11:43):
A good, good place to have it too. Well, Phil,
thank you so much for sharing that information. If there's
one call to action for everyone that's tuning in, what
would that be.
Speaker 4 (11:52):
Come to Jakes, Fitzie you can have a great time.
Speaker 1 (11:53):
Awesome, Well, thank you so much for being here today.
We really appreciate learning more. I know I learned a
ton that I didn't know, and of course learning more
about yourself. So thank you so much for being here.
Speaker 2 (12:02):
Thanks Steve good, thanks to be here, and.
Speaker 1 (12:04):
Thank you all for tuning in. Tune in next week
for next week's edition. As CEOs you should know
Hi everyone, This is Steve Dallison and welcome to this
Speek's edition of CEOs. You should know. I'm thrilled to
be joined by Phil Boyle, the CEO of Jake's fifty
eight Casino Hotel. Phil, thanks for being here today.
Speaker 2 (00:10):
Thanks so much having me stay. Look forward to it.
Speaker 1 (00:11):
We're excited to jump in to learn more, of course
about Jakes fifty eight, but more importantly about you, Phil,
So why don't we kick it off. I know that
you spent over thirty years in public service, including a
decade as a New York State senator. Very impressive. How
has that experience shaped you to really leading Jake's fifty
eight Casino Hotel.
Speaker 3 (00:30):
Now, yeah, it's interesting because a lot of people say, well,
how did you go from being a state senator to
a casino private sector? But interestingly enough, Jakes fifty eight
and Suffolk Off Track Betting, which we own. Jake's Casino
is actually a public benefited corporation. It's a public benefit corporation,
what means it's a government entity, but it's run like
(00:51):
a private business. So instead of the profits going to
shareholders or owners, our profits go to the school.
Speaker 2 (00:57):
New York State schools.
Speaker 1 (00:58):
Oh wow, I'm sure nobody knew that.
Speaker 4 (01:01):
Not too many people do. We like to get the
word out.
Speaker 1 (01:02):
Yeah, that's great, that's great to hear. Since taking over
a CEO in twenty twenty two, JCFTA has continued to
grow popularity, not just in Long Island, but of course
all throughout the New York City region. What drew you
to this position and what surprised you the most about
the gaming industry?
Speaker 2 (01:19):
Well, I can tell you that's a great question. The money.
Speaker 3 (01:21):
I'm not really a gambler myself, and I knew a
little bit about you know, Vegas and stuff like that,
but the money in the gaming industry is mind boggling.
Speaker 4 (01:31):
Just like, for.
Speaker 3 (01:32):
Example, where we are now, we're doing very well as
a casino. It's a small casino. We only have a
thousand slot machines, but we're doing in the middle of
a big expansion two hundred and eleven million dollars. Wow,
And I believe when we're finished with this expansion, we're
going to make well over a million dollars a day
in that casino. In the one casino with only two
thousand slot machines.
Speaker 2 (01:50):
That is insane.
Speaker 1 (01:51):
Yeah, that would blow my mind as well. I know
that you've been name Chairperson of the Year by the
New York Gaming Association. How do you see your public
power background in forming your leadership at a statewide level.
Speaker 3 (02:03):
Well, one thing about the gaming industry is highly regulated,
and whether it's Vegas or here in New York or
any state, it really is. And so my background in
public service in the state legislature before that I was
I worked for as a congressional aid for five years.
I think I understand that the workings of government, which
helps in an area that's highly regulated. So if we
have a little problem at the casino, I usually can
(02:24):
know someone. I can pick up the phone and say, hey,
can you help us out on this, and you know
we'll get it fixed.
Speaker 2 (02:30):
Yeah, that's awesome.
Speaker 1 (02:31):
I mean, you can't look at the news and not
see all the stuff that's currently going on with the
downstate Class three table game licenses. Can you tell us
why Jakes fifty eight want to stay as that slot's
only casino.
Speaker 2 (02:43):
Yeah?
Speaker 3 (02:44):
Uh so, basically the real reason was to get the
license to get it become a Class three they call
it Class three casinos that have table games. We're a
class too, that only have slot machines. Just to get
the license was half a billion dollars.
Speaker 1 (02:56):
Gosh.
Speaker 3 (02:56):
So you have three companies now that I believe are
going to win. It's not official if they're so yet.
So each of those companies is going to give half
a billion dollars. That's going to put one point five
billion dollars into New York State budget. But that was
too rich for our blood, especially as a government entity.
Speaker 1 (03:10):
Yeah, that makes sense. I know you briefly talked about
the expansion a little bit, but let's jump into that.
I know your abouts. You break ground or recently broke
round on a two hundred and ten million dollar expansion,
one of the largest gaming investments in Long Island. What
are the key goals of this project and how do
you think in the long term it will really transform
that guest experience.
Speaker 2 (03:29):
Yeah.
Speaker 3 (03:29):
I think it's going to be great for our customers.
So right now, we have a casino that's in a
forty year old hotel. It was never meant to be
a casino. We just crammed a thousand slot machines into
an old hotel. So with this new expansion, we're going
to have an entirely new building, one hundred and ten
thousand square feet. We're going to go from one thousand
slot machines to two thousand slot machines with a lot
of amenities and newer things. It's going to be a
(03:51):
great increase in improvement for our customer satisfaction and enjoyment.
And one thing about if anybody's ever driven by Jakes
fifty eight on the Long Island Expressway, they look and
they see the parking.
Speaker 4 (04:01):
Lot is completely full every day, day and night.
Speaker 3 (04:04):
So we're going to go from six hundred parking spots
to two thousand parking spots, so people have a much
better experience to enjoy the games that they love to
play so much.
Speaker 1 (04:13):
That's awesome. Everybody loves more parking. You guys had become
a major entertainment destination. I know you offer one thousand VLTs,
you have a modern inner block stadium and dynamic hospitality experience.
What leadership decisions did you make while you were CEO
that were most critical to maintaining that momentum to have
(04:33):
that type of appeal.
Speaker 3 (04:34):
Yeah, Well, we've been very fortunate, and I think the
real reason is the team that we put together itself
at Go TB and Jake's casino. The casino is run
by Michael Bonachtar and Dan Freed, two guys with thirty
years plus experience in the gaming industry. We have people
running the hotel side that have decades of experience. So
as you know when Stephen Shure interviewing other CEOs, when
you get the right team around you, it makes a
(04:55):
lot easier.
Speaker 1 (04:56):
Team is everything I know that we talked about. This
is one of the surprising facts. It's like, how much
the casino actually gives back to the community, right, Can
you tell us about some of the benefits that Jake
fifty eight does bring to that surrounding community around it
as a government on casino.
Speaker 3 (05:10):
Yeah, so beyond giving to the New York State Education Fund.
So last year we gave one hundred and thirty three
million dollars in the New York State Education Fund.
Speaker 1 (05:18):
Wow.
Speaker 3 (05:18):
But we also support local charities as well. We have
a very robust charitable giving program. We've kind of suspended
for a little a couple of months while we're doing
the expansion, but it's going to come back in twenty
twenty six. But we also have this thing called Donate
Your Change where it's kind of like, you know, rounding
up when you go to the grocery store, that type
of thing. And so we give out many dollars to
(05:42):
different local charities. And again talk about the money. When
a company has put or not for profit charity is
put on that donate your change thing, it can make
ten thousand dollars in one month to give that we
give to the charity. So we support a lot of
local folks that are doing a good job.
Speaker 1 (05:56):
That's awesome, that's great to hear. I know that the
overall are NYGA facility also has contributed over a billion
dollars to education in twenty twenty four. As a chairperson,
what is your strategic vision in seeing the strengthening of
that industry's like long term contribution to New York's economy
as well as the school funding.
Speaker 3 (06:15):
Yeah, the New York Gaming Association be close with the
high taxes and high regulation of the gaming industry in
New York State.
Speaker 2 (06:21):
Like you say, we're giving billions of dollars to New
York State.
Speaker 4 (06:23):
Now, we have three.
Speaker 3 (06:24):
New casinos coming down as you mentioned, Steve, and I'm
hoping to get them to join the association and make
more of a partnership with them, and we also will
work together. Well, I'm looking forward to perhaps talking some
of these new casinos, maybe mister Cohen or the Resorts
World or whatever about partnering with them. I'd like to
build a sports book out at Jakes fifty eight. We
(06:45):
do not have a sports book, so to we have
that a little change in the law. But it's a
very popular thing, sports betting these days, and to have
one out there, and we would partner with one of
the casinos, that'd be great.
Speaker 1 (06:55):
We talked about this a little bit briefly, but I
know that the gaming and racing sector definitely faces some complex, relegatory, economic,
and technological challenges. What do you see is some of
the biggest challenges ahead for the near gaming industry and
how do you prepare to really address those challenges.
Speaker 3 (07:12):
Yeah, that's a great question too, and I would say
really the online version, how that's going to affect everything. Obviously,
places like Atlantic City and Connecticut they have to figure
out what they're going to do with their casinos when
the three new casinos are built here in New York City, right,
so there's gonna where normal people might go to Atlantic City,
they're Connecticut, they might just stay local.
Speaker 4 (07:30):
Now for our purposes.
Speaker 3 (07:32):
Uh, there's a thing called ie gaming or I casino
where it would allow for sport for not just sports betting,
but regular poker and stuff like that on your computer
at home. Obviously, that means people might say, I don't
think I'll just sit in the living room and play
poker rather than go to the casino. That's going to
be a challenge for us who have to figure out that.
Right now, it's it's not legal in New York State
(07:52):
to do that, but there's a serious talk about perhaps
legalizing eye gaming or online betting.
Speaker 1 (07:58):
That's awesome and I know it. Addition to obviously the
charitable donations that both Jake's fifty eight as well as
the NYGA make, another big factor of both of your
entities is that you support over twenty two thousand jobs
across the state. Right, so obviously that's once again doing
such good for New York. What is your biggest leadership challenge,
(08:19):
ben in balancing that economic growth while maintaining that community responsibility.
Speaker 3 (08:25):
Yeah, so basically one of the biggest challenges of my position,
getting back to the fact that it's a government owned casino.
You know, a lot of times there's a little disconnect
between private sector and public sector, and so we have
hundreds of both in our company. So sometimes people have
a government way of looking at things and a business
(08:45):
way of think looking at things, and I try to
get take both sides make an ultimate decision about the
best way forward for the company.
Speaker 2 (08:52):
That's great.
Speaker 1 (08:52):
I always love asking every single person that comes on
the show this question, what advice would you give yourself
when you first start off For those that might be
tuning in, that are aspiring to be a future see.
Speaker 3 (09:06):
I would say, actually get a little government experience, or
at least learn about it, you know, because so many
times I talked to business officials when I was an
elected official, and they would they didn't quite understand the
way government really works, and it was very frustrating for them. Yeah,
so I would say, look, you know, you got to
call this person. They'd be for example, they needed a
CFO for something or a permit and they're calling the
(09:28):
congress person like.
Speaker 4 (09:29):
No, you got a wrong vers wrong level right. But
stuff like that.
Speaker 3 (09:32):
Even you don't have to become an expert, you don't
have to work, you know, for thirty years in it,
but you should have some basic understanding or at least
hire someone that can give you that advice about how
government works visa v business.
Speaker 2 (09:42):
That's awesome.
Speaker 1 (09:43):
We touched on us a little bit. But as the
next chairperson of the New York Gaming Association, what does
the future of gaming look like for New York State?
Speaker 2 (09:52):
We're gonna see very soon.
Speaker 1 (09:54):
Yeah.
Speaker 3 (09:54):
When now, when these three new casinos come downstate, it
looks like it'll be Resorts World and Valleies and in
the Bronx and Steve Cohen at Metropolitan Park and Queens
And so when those are built, now, mind you, Steve,
it's gonna take a couple of years.
Speaker 2 (10:07):
So right now, Resorts.
Speaker 3 (10:09):
World, they could be online with their table games, with
the blackjack and everything in six months, they say, say
a year, right where Steve Cohen and the one in
the Bronx, that's gonna take four or five years, right, Yeah,
But the results from Resorts Will's happened pretty quickly. And
what effect that has on the other casinos. We've done
our study. We're not too concerned about it. You know,
(10:30):
if it's in New York City, our.
Speaker 4 (10:32):
Audience is long island base.
Speaker 3 (10:33):
We get some people from other places, but the ninety
plus percent of it comes from local that's great.
Speaker 1 (10:37):
Yeah, So what's next for Jakes fifty eight anything but
the expansion obviously, What are you most excited for in
the future.
Speaker 3 (10:43):
Yeah, I think that we have to figure out what
our next step is going to be after this expansion.
You know, we're gonna have more amenities, spa and things
like that. I was happy just the other day we
bought an eight and a half acre piece of property
next to the casino for.
Speaker 4 (10:57):
More parking, just what we so hopefully it won't be
totally filled.
Speaker 3 (11:01):
Next time next year, but we're gonna work on that,
and then once we get closer to finishing this first
phase of the expansion, we'll consider what we're going to
do in the next couple of years.
Speaker 2 (11:11):
Very exciting.
Speaker 1 (11:12):
Well for anyone tuning in, what is the one takeaway
you want our listeners to know about Jake's fifty eighth mission.
Speaker 3 (11:20):
So, I think it's to become a premiere entertainment and
gaming destination for everybody. You know, Long Island is certainly,
but everybody or whoever want to come here. I think
that we are growing and it's going to be a
beautiful new facility. They're going to love that. And then
of course no, we want all our customers to win.
Speaker 4 (11:39):
We love it when they win. But if you do lose,
remember it's going through the schools good cause that's.
Speaker 1 (11:43):
A good, good place to have it too. Well, Phil,
thank you so much for sharing that information. If there's
one call to action for everyone that's tuning in, what
would that be.
Speaker 4 (11:52):
Come to Jakes, Fitzie you can have a great time.
Speaker 1 (11:53):
Awesome, Well, thank you so much for being here today.
We really appreciate learning more. I know I learned a
ton that I didn't know, and of course learning more
about yourself. So thank you so much for being here.
Speaker 2 (12:02):
Thanks Steve good, thanks to be here, and.
Speaker 1 (12:04):
Thank you all for tuning in. Tune in next week
for next week's edition. As CEOs you should know
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