NEW YORK | Casino Development| FT| FLOORS

[NYguy]

We already have the Aqueduct “racino”, and numerous casinos upstate. The 3 remaining casino licenses will be downstate in New York City and region.



https://casinobeats.com/2021/10/21/n...ssues-rfi/?amp

New York to potentially add three casinos as regulator issues RFI


October 21, 2021

The New York Gaming Commission has issued a request for information that is charged with gauging interest from operator’s in developing and/or operating one of three casinos in the city region.

This is intended to inform the Commission for the purposes of determining the appropriate size and scope of development, value of the gaming facility license, and process that should be used in award consideration.

Under state law, the regulator can pursue the development of three downstate casinos in New York after a prior policy of former Governor Andrew Cuomo pushed the addition of upstate gaming venues in a bid to create jobs, as well as reduce unemployment in disadvantaged areas.

A deadline for submission of questions is set at November 10, 2021, and final submissions must be in by December 10, 2021. The Commission is obligated to prepare and distribute a report with the results of the RFI to the governor and the state legislature no later than six months after receiving such information.

“The Commission is seeking information to develop a better understanding of interest in the unawarded commercial casino licenses and, if there is interest, what factors should be considered by the state in the development of a process to award such licenses,” the NYGC RFI reads.

“Accordingly, the Commission is issuing this document to draw input from interested and affected parties.”

https://nypost.com/2021/10/20/gaming...-nyc-area/amp/

Gaming agency seeks bids to open casinos in NYC area


By Carl Campanile and Bernadette Hogan
October 20, 2021

……. Two of the three licenses could go to gaming properties that have already been OK’d to run slot machines in the area: the Genting-owned Resorts World Aqueduct Casino in Queens and the MGM Resorts-owned Empire City Casino in Yonkers.

Malaysian-based Genting recently opened a hotel at Aqueduct and expanding to a full-fledged casino to include card games has always been part of its plans.

The Post previously reported that Bally’s Corp., Wynn Resorts, and Las Vegas Sands are all quietly positioning themselves to compete for a New York City-area casino license.

The casinos could be located anywhere in New York City, Nassau-Suffolk in Long Island and Westchester-Rockland-Putnam counties north of the city.

But there’s strong opposition among Manhattan lawmakers from opening a casino in Midtown or other parts of New York County.

The Post has reported that casino operators were scouting sites including Willets Point in Queens, where new Mets owner Steve Cohen leases the Citi Field ballpark and adjoining parking lots; the Belmont Park development in Long Island, which is already home to the Belmont Park racetrack and a new Islanders hockey arena and Staten Island’s St. George neighborhood — home to the Staten Island Ferry.

A recent study conducted by the New York State Gaming Commission estimated that opening three new downstate casinos — which include the conversions of Aqueduct and Yonkers and opening a new casino in Manhattan — could generate between $420 million and $630 million in revenues per year.