And while the price of admission is steep, the rewards will be handsome because of the limited competition.

So it’s a long process that may take a good portion of 2023 to complete. No deadline has been set for formal submission of proposals. The board hasn’t set a timeline for the next step, which will include requirements to conduct public hearings by six-member community advisory committees composed of elected officials. The board hasn’t announced when its responses will be available, but 30 days after questions are asked and answered, a second question period will occur. The first deadline involved the submission of questions by prospective applicants and were due Friday. Licenses will be good for a minimum of 10 years and a maximum of 30 years. Once the winners have been selected, the license will cost $500 million, plus annual fees of $750 per slot machine or table game installed.

The RFA says each applicant is required to submit a $1 million fee to apply and the board will require a minimum $500 million investment in the resort. The New York Gaming Commission has made it clear that it’s interested in an integrated resort with plenty of nongaming amenities. Even before the formal release of the RFA, gaming companies began positioning themselves with partners to apply for licensing. That board, in January, distributed a 70-page “Request for Applications” document that has caught the attention of the biggest companies in gaming. It’s a competitive process that is being overseen by the New York Gaming Commission and its three-member Gaming Facility Location Board. Nine years later, in 2022, lawmakers established a new siting process and criteria for the remaining three licenses. State officials sited four destination casino resorts in upstate New York. In 2013, the New York Constitution was amended to authorize up to seven commercial casinos in the state. For us West Coasters, downstate is defined as the New York City area and the counties of Nassau, Putnam, Rockland, Suffolk and Westchester.

Las Vegas is the undisputed center of the gaming industry universe, but New York is making a bid to grab its share of attention this year.įriday was the first of several key deadlines, as the state forges ahead in its effort to award three downstate casino licenses in the Empire State. A rendering of Las Vegas Sands Corp.'s proposed multibillion-dollar casino resort project at Nassau Veterans Memorial Coliseum on Long Island in Nassau County, New York, released Thursday, Jan.

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