What: Saks Fifth Avenue considers to open a new kind of experience in its premises.

Why it is important: It’s all about the experience, to make sure tourists and customers have a good and very unique reason to come, and it is all the more telling that this project would eat retail space.

Hudson Bay company, the owner of SFA, has announced it would bid the state in order to convert the top three floors of the store into a casino. There are currently three available licences to be attributed, and the project would span over 20,000 sqm.

For now, the considered floors are dedicated to sales items and the SaksWorks flexible office, now closed. Competition in the city for the said licences is tough, as Hudson Yards and other malls would also use them as a way to attract more tourists.

Saks Fifth Avenue plans to open a casino on the top of its NYC flagship store