It’s one of the city’s most popular tourist attractions, and it’s home to the famous French lick casino in New York.
Now, the casino is closing in 2018, as a result of a major restructuring of the company.
“This is a massive, massive restructuring,” said Steve Bancroft, the president and CEO of Lick Gaming Inc., the parent company of the French lick.
Bancrot says the company has hired an outside law firm to review the restructuring and determine if any new investors are ready to make a profit.
Lick, which is based in New Jersey, had been a $1.8 billion-a-year operation in New England and has generated $4 billion in annual revenue, according to its website.
Bocrot said that when Lick was sold to casino magnate Sheldon Adelson, the Las Vegas billionaire, in 2005, the company’s revenue fell from about $2 billion in 2006 to $800 million in 2010.
That was before the casino was privatized by the casino operators and turned into a publicly-traded company.
It was valued at more than $3 billion by Forbes magazine in 2014.
The casino is being replaced by the Louis Slot, a smaller and less flashy casino with a few tables and a few slot machines.
Licks owner Bancrop says that he expects that the Louis slot will be the only casino in the city that will be open for business after the Lick is sold.
“I am looking at having no slots,” Bancraeft said.
Licker’s casino has been in operation for 25 years, and the new casino is expected to bring in a much bigger revenue stream than the original casino.
The French lick is one of only two casinos in the country.
It is operated by French Licker, Inc. in New Hampshire.
Lickers casino in Manchester, New Hampshire, was purchased by Adelson in 2007 for $1 billion, according a report in The Boston Globe.
Licking is a popular destination for people who like to gamble and people who are not in the gambling business, according for the National Association of Casino Control Officers.
The casinos in New Orleans and Atlanta also have been selling slots, and Atlantic City, N.J., is scheduled to open its first slot machine on April 1.
BANCROFT, the French lick casino’s president and chairman, says the new casinos in Louisiana, Mississippi, New York and Pennsylvania will be profitable.
But he has some concerns about the viability of the Las Lick casino, which he has called a “deathtrap” that will eventually shut down.
“The fact that the French is going to be sold to Adelson and the Louis is going out of business is the worst news I’ve heard,” BANCROTH said.
“That’s because the French was a great place to gamble, and now it’s going to become a death trap. “
“You’re going to have an awful lot of people that want to gamble in Louisiana.” “
In an interview with the AP on Friday, Bancroth said that Adelson is going after his casinos. “
You’re going to have an awful lot of people that want to gamble in Louisiana.”
In an interview with the AP on Friday, Bancroth said that Adelson is going after his casinos.
“He has no idea what he’s doing, because we all know what happened with the casinos in Atlantic City,” B.C. lawyer Daniel P. Bock, who represents Adelson’s casino company, said in an interview.
“What’s important is to have a plan to deal with this, to deal swiftly and efficiently and to do it in a way that does not create more problems for taxpayers and other stakeholders in the casinos.”
The casino’s closing was first reported by the Associated Press.
B.L. Bylaws prohibit gambling in state parks and public buildings, which are open to the public.
It also requires that people be in the parks and buildings by 9 a.m. to enter.
But it’s not clear when or where the French and Louis Licks will be shuttered.