Saks Fifth Avenue

Saks Fifth Avenue has folded its bid for a gaming license, ending the company's plan of adding a casino atop its Midtown flagship store. As first reported by Crain's, the department store withdrew its bid for one of three coveted downstate gaming licenses expected to be awarded by the end of the year, with a Saks spokesperson saying the company is now "focused on other strategic priorities." In recent months, minimal communication between Saks’ parent company, Saks Global, and those involved in the casino process had suggested that the retailer was abandoning its proposal.
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