The New York State Gaming Commission recently reported that requests for information about downstate casino licenses have enjoyed a lot of attention. Last week, the commission said RIF had collected more than 30 responses, including applications from at least eight casino operators interested in operating New York’s Downstate Casino.
Empire State will award three casino licenses from Downstate because commercial games were approved in 2013. Initially, the three licenses were scheduled to be issued in 2023, but the unprecedented situation and lack of funding have prompted MPs from downstate to voice support for the acceleration of the process.
MGM Resorts International and Genting New York LLC are among the companies that submitted responses to the information request, which currently operate the Empire City Casino in Yonkers and Resort World New York City in Queens, respectively, according to the committee. Both properties now offer video lottery and electronic table games, and the companies want to expand them.
Yonkers Mayor Mike Spano Sent a Letter to RIF As A Way To Support Yonkers Game Real Estate. He noted that the full casino license will allow Empire City Casino to add entertainment, accommodation, retail and related investments to its properties. If such licenses are granted, real estate may contribute to greater revenue payments to the region.
New York City Councilman Adrienne Adams, D-Queens, also filed a letter with the committee saying she supports Resort World New York City becoming a full casino. The property is currently located in the capital city racetrack and employs over 1,000 union members. This license will allow us to expand our business and provide more work.
The three licenses available are for New York City, the northern suburbs, and Long Island. Other gaming operators who have expressed interest in obtaining licenses are Las Vegas Sands, Wynn Resorts, Rush Street Gaming, Hard Rock International, and Ballis Corporation. Now, the committee will have the difficult task of determining the three best candidates.
Last week, it was revealed that Rush Street Gaming, which runs Rivers Casino & Resort Schenectady in upstate New York, is one of the companies that wants to get their hands on one of three licenses. The company is optimistic about the possibilities, and believes it can use the success model of its northern properties to achieve the same results in the northern regions.
In addition, Jason Adder, a former casino analyst and current money manager, submitted a proposal for casinos to NYC. The proposed property is expected to cost around $3 billion because it will be futuristic and innovative with a landing ground for flying cars as well as the world’s largest cryptocurrency exchange. Submissions are made in collaboration
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