Know when to hold ‘em, know when to fold ‘em: NYC casino players calculate their odds

Still stinging from the rejection of its casino bid, SL Green made a splash this week by agreeing to buy the 36-story Park Avenue Tower at 65 East 55th Street in the Plaza District for $730 million, a discount on the roughly $925 million that the Blackstone Group put into acquiring and renovating the building since 2014. SL Green moved quickly on the tower once it hit the market and preempted other bids. Clearly, Marc Holliday wasn’t interested in another defeat this fall. Speaking of casino bids, one of the few to move on to the next round of the […] This article originally appeared on The Real Deal. Click here to read the full story.