Let’s take a look at the most high-profile proposals for possible aspects that could sway the process in their favor or eliminate them: Many include residential plans, hotels, entertainment venues, nightlife spots, and a host of other leisure and recreational perks.Ĭonsidering the Resorts World facility at Aqueduct Racetrack in Queens and MGM’s Yonkers racino have major speed-to-market advantages, the bidders really could be fighting over just one available license. In fact, all of the developers involved are proposing multi-billion-dollar projects that include a range of amenities beyond the casinos. Nor does the $1 million nonrefundable application fee. Since it’s New York, a long-coveted locale for a gambling parlor and home to some of the priciest land on Earth, the costs don’t seem to be scaring people off.

The community advisory boards have the power to torpedo the projects before they make it to the next round.

Qualifying bids must include at least $500 million in capital investment on top of a license fee of at least an additional $500 million.īefore the siting board even gets to consider the projects, each must pass through its own six-member community advisory board that will include representatives from the offices of both New York City Mayor Eric Adams and Gov. In January, the state’s Gaming Facility Location Board announced a request for applications for the three new licenses. It’s not exactly moving at lightning speed.Ī year after the state of New York authorized up to three downstate licenses to go along with the four casinos already built upstate, the seven bids continue to work their way meticulously through a process that doesn’t figure to end until the final months of 2023 at the earliest. The process to license three new Las Vegas-style casinos in the New York City area continues to grind away like a glacier scouring the side of a mountain.

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