New York Downstate Casino Applicants Could Face a Lengthy Licensing Process

The Racing and Gaming Conference at battle of Saratoga kicked off Tuesday with a star-studded panel discussing the gambling casino licenses slated for downstate New York.

The state has triplet licenses available for New York City and the surrounding areas, and the contention is expected to be fierce – especially since most anticipate II of the licenses go game to companies with existing facilities inward or close the largest metropolis in the US. Those licenses testament cost at to the lowest degree $500 billion each.

But before someone can buoy stunt man push down on an 11 in a legal cosh mettlesome in New York City, there’s a coordination compound cognitive operation involving both nation and local officials to learn where the casinos testament go. The starting of that cognitive process is at present less than 2 months away.

Jeff Gural, a New York City developer and proprietor of Tioga Downs Casino Resort, Mike Kane, chairwoman and CEO of the New House of York Gaming Association, New York land Assemblyman Gary Pretlow (D-Mount Vernon), chairman of the Assembly Committee on Racing and Wagering, and former New York Gov. Saint David Paterson, a senior vice prexy and senior advisor at Las Vegas Sands, shared their thoughts on how quickly they trust the licenses testament follow awarded, whether all iii will follow awarded, and where the casinos may go.

Not Made in Manhattan

When all is said and done, Gural told the audience at the Saratoga Hilton non to wait Manhattan to capture a casino. Gural, who also owns Meadowlands Racing and Entertainment, said there’s too a great deal opponent in the borough from restaurants and other attractions.

“They don’t looking at it as a benefit at all,” he said.

Gural also expects MGM Resorts International, which operates Empire City Casino at Yonkers Raceway, and Genting Group, which operates Resorts World New York City at Aqueduct Racetrack inward Queens, to let deuce of the licenses. Both currently control as video lottery gaming facilities.

With that as a likelihood, Gural said he considers Citi Field, the Queens Stadium of the New York Mets, to live the favourite for the thirdly license.

Mets Owner Steve Cohen has touted the Willets Point neighbourhood near the stadium as a prime location for a casino.

About the Licensing Process

Gural said he’d follow surprised if Resorts World and Empire City could not unfastened within a year, but not everyone on the venire believes that testament live the case.

Both Kane and William Patterson say the appendage for approbatory licenses testament follow a long and toilsome one, which testament get hold of yearner than some anticipated.

According to info obtained from the New York State Gaming Commission, a absolute majority of the five-member Gaming Facility Location Board (GFLB) must be prescribed by Oct. 4. Once that happens, the GFLB will so have got 90 years to make a appeal inviting gaming companies to hold for a license.

But before applicants tin go away before the state, they must secure at to the lowest degree two-thirds bread and butter from a local advisory gameboard that would include the commonwealth gathering member, the nation senator, and the local council fellow member who represent the site proposed. Other members would be decreed past the governor, the mayor, and the county executive (or borough chairwoman for a New House of York City proposal). There are also zoning approvals that would be needed.

Once local favourable reception has been given, the GFLB would and then look at the covering and find whether it should tour before the commission. If so, the military commission would pioneer a suitability critique before rendering a decision.

Under that timeframe, next year would live the earliest a license could be awarded.

Pretlow Believes Process Should Go Quicker

Pretlow said the intent slow issuing the licenses, which were included in the budget bill lawmakers passed inwards capital of New York back up inward April, was as he described it, “speed to market.” He called the contrive that the commission has set come out a “long-term” process

At the same time, he also called on the Gaming Commission to utilization some restraint inward the process, locution the state does not need to present all trinity licenses at the same clip or one compensate after the other.

They could O.K. ii and experience that 3rd just now out at that place for a later date, and i opine it would live inwards the state’s topper involvement non to manage three, because in that location may come in a clip when we demand an special $500 million,” Pretlow told Casino.org after the panel discussion. “Issuing a certify would live a quick way to acquire it.”

The body politic lawmaker noted that MGM, which is placed simply blocks from his district, and Genting feature plans inward station to transition to a fully fledged casino. Both locations also feature strong supporting within their communities. However, they still must lead through the practical application operation just now like any other gaming keep company that wants a license.

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