- Three downstate New York casinos have been authorised
- Bally’s, Laborious Rock, and Resorts World will run the New York casinos
The New York Gaming Facility Location Board has advisable that the three remaining candidates for the three downstate on line casino licenses be authorised.
A on line casino resort shall be constructed subsequent to Citi Discipline Ballpark in Queens, New York. Three downstate New York casinos have been authorised. (Picture: Shutterstock)
On Monday morning, the state board authorised the bids for Bally’s Bronx, Laborious Rock Metropolitan Park in Queens, and Resorts World New York Metropolis in Queens. The three had been the final bids standing from a pool that started in June with eight candidates.
The candidates had been whittled down through the Group Advisory Committee assessment, and MGM Resorts withdrew its utility in Yonkers.
New York lawmakers licensed three downstate on line casino licenses in 2013. The invoice got here with a 10-year moratorium on the state granting the concessions to permit 4 upstate New York casinos to open with out downstate competitors. Gov. Kathy Hochul (D) thanked the Gaming Facility Location Board for its time and assessment. The 5 members are unpaid.
From the second that three downstate on line casino licenses had been licensed within the 2022 State Finances, I’ve been clear: any authorised undertaking should present actual advantages to its group and have sustainable financial plans. I’m grateful to the Gaming Facility Location Board for his or her cautious assessment of the purposes in line with these excessive requirements,” Hochul stated.
“The three initiatives authorised right now promise to unlock billions in funding for the MTA and create tens of hundreds of jobs. It’s crucial that they maintain these guarantees. I sit up for the Gaming Fee’s assessment of the Board’s suggestions within the weeks forward,” the governor continued.
New York Casinos
Bally’s Company has proposed a $4 billion funding at Ferry Level Park, the place the corporate manages the Bally’s Golf Hyperlinks on the town’s behalf. The bid features a 500K-square-foot on line casino with 3,500 slot machines, 250 live-dealer desk video games, and a sportsbook. The resort is to incorporate 500 lodge rooms, an array of eating venues, a 2,000-person occasion heart, and parking for 4,660 automobiles.
Laborious Rock and billionaire Steve Cohen have pitched an $8 billion undertaking at Willets Level subsequent to Citi Discipline, the house of the New York Mets. Known as Metropolitan Park, the event is to incorporate a 300K-square-foot on line casino with 5,000 slot machines and 375 desk video games, plus a sportsbook. The resort plan contains 1,000 lodge rooms and suites, nearly 100K sq. ft of conference area, and a theater with seating for five,650 folks.
At Resorts World, at the moment a racino that may solely provide video lottery terminals and digital desk video games, the plan is to take a position $5.5 billion to remodel the racetrack right into a Las Vegas-like vacation spot. The undertaking features a 500K-square-foot on line casino with 6,000 slots and a staggering 800 desk video games. A lodge with nearly 2,000 rooms, 30 eating places and bars, and a multipurpose enviornment are among the many resort facilities.
Subsequent Steps
With the Gaming Facility Location Board’s suggestions, the New York State Gaming Fee will assessment the initiatives and conduct suitability checks on the businesses and key executives behind every.
The state gaming regulator is anticipated to formally problem the on line casino licenses earlier than the yr’s finish.
