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Greenberg Traurig Advises KeyBanc Capital Markets Inc. in $342.7 Million Casino Hotel Bond Offering

NEW YORK – May 2, 2024 – Global law firm Greenberg Traurig, LLP acted as counsel to KeyBanc Capital Markets Inc., the sole underwriter of a $342.7 million tax-exempt bond offering issued April 2 by the Suffolk County Regional Off-Track Betting Corporation (SROTB). The SROTB is a New York public benefit corporation.

Proceeds of the bond offering, which was unrated, will be used to finance the expansion of Jake's 58 Casino Hotel in Islandia, New York. Plans call for doubling the number of video lottery terminals and expanding and improving the hotel’s amenities, as well as refinancing existing debt.

The Greenberg Traurig team was led by Public Finance & Infrastructure Practice Shareholder Carl McCarthy with assistance from Associates Jeffrey Schreiber (New York, Real Estate), Jason Gonzalez (Miami, Public Finance), and Violeta Gonzales (Orlando, Public Finance). Other attorneys on the team included Shareholders Mark F. Glaser (Albany, Government Law & Policy), Danielle M. Stingone (New York, Real Estate Finance), John “JR” DiCioccio (Long Island, Land Use), and David C. Jensen (New Jersey, Construction Law).

About Greenberg Traurig’s Public Finance & Infrastructure Practice: Greenberg Traurig, LLP has a national public finance practice that consistently ranks among the top bond, disclosure, and underwriter’s counsel firms according to The Bond Buyer’s nationwide and statewide rankings. Greenberg Traurig LLP’s Public Finance & Infrastructure Practice has been serving the needs of state and local issuers, underwriters, credit providers, bondholders, and conduit borrowers throughout the United States for more than forty years in virtually every area of public finance. The firm currently has more than 35 attorneys in the Public Finance & Infrastructure Practice in its Arizona, Colorado, Florida, Georgia, Illinois, Massachusetts, New York, Pennsylvania, Texas, and Washington, D.C. offices.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: