The Novel York Gaming Facility Board has officially opened the bidding process for three downstate commercial casinos.
The board agreed to inaugurate a Request for Applications (RFA) by unanimous vote.
This dedication by the Board has been mighty anticipated. An amendment to the 2013 Novel York Enlighten Constitution accepted four upstate casinos in Novel York, whereas also allowing the boom Gaming Fee to permit for three more casinos terminate to Novel York Metropolis at a later date.
Novel York downstate casino prerequisites
Besides opening the process, the Board also unanimously voted that the “minimal capital funding and licence price for Candidates searching for to assemble a commercial casino is $500 million each”.
Candidates will must meet municipal zoning and land-use processes to fabricate sure handiest neighborhood-backed proposals are sent to the Board for consideration.
A separate neighborhood advisory committee will overview purposes, and there is now not a qualified closing date to the RFA.
Enlighten senator Joseph P. Addabbo, Jr., the Chair of the Senate Committee on Racing, Gaming and Wagering, acknowledged that he is “trying forward to a clear, shapely and rapid process from the Novel York Gaming Facility Enlighten Board”.
“The speedier the three licenses are accepted, the sooner we are in a position to inaugurate to designate the necessary advantages to the boom, equivalent to thousands of constructing and post-constructing jobs, billions in income from the licenses, an elevate in reveal gambling monies and purposes, to boot as billions more in tutorial funding when the a hit casinos trip dwell,” he added.
Downstate casino bidders
Some firms win already announced their plans to express for licences. Caesars Entertainment acknowledged it plans to assemble Caesars Palace Instances Sq. by redeveloping 1515 Broadway.
Meanwhile, Thor Equities has proposed plans to assemble a $3bn casino in Brooklyn’s Coney Island. The firm is to be supported in its express by Saratoga Casino Holdings and Chickasaw Nation’s Global Gaming Alternate solutions entity.
