Saks Fifth Avenue Takes a Gamble on NYC Casino

Published by
The Street

By Rob Lenihan The iconic New York City department store would see its top three floors converted into a Monte Carlo-style casino. Saks Fifth Avenue is feeling lucky. The iconic New York City department store, which opened its doors on September 15, 1924, is looking to get into the casino business. Hudson’s Bay Company, the owner of the Saks Fifth Avenue department store chain, said it would bid with the state to convert the top three floors of its flagship store in Midtown Manhattan into a Monte Carlo-style casino, according to the New York Times. The project, starting on the ninth floor of t…

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