New York officials on Wednesday decided that Sullivan, Schenectady and Seneca counties can be home to non-tribal brick-and-mortar casinos, the AP reported.
The Gaming Facility Location Board decided to offer three projects the preliminary green light, in preference to four, citing concerns about over-saturating the market.
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New York is already home to a strong tribal gaming and racino industry that many are interested in now with the gaming expansion plan, which was authorized by voters in 2012.
A total of 16 firms were inquisitive about New York, including Caesars and Genting.
Winners could be subjected to further regulatory review before licenses are formally awarded.
According to the report, the 3 selected projects are projected to support greater than 3,200 full-time jobs and generate $265 million in tax revenues, along side $136 million in licensing fees.
Officials also opted to not OK any proposals that aimed to be within about an hour of latest York City and its 8.4 million residents. The speculation is to assist upstate economies. Listed below are the winners:
(1) The Montreign Resort Casino may be in-built the Catskills town of Thompson at the grounds of the old Concord hotel. The $630 million project will include an 18-story hotel, meeting spaces and an indoor waterpark. Its developer, Empire Resorts, operates through a subsidiary, the nearby Monticello Casino & Raceway. (2) The Rivers Casino & Resort at Mohawk Harbor within the city of Schenectady may be a part of a bigger redevelopment effort at a formerly blighted riverfront site. The $300 million development will include a hotel, a high-end steakhouse and greater than 1,100 slot machines. (3) Lago Resort & Casino, a $425 million project within the Finger Lakes town of Tyre in Seneca County, will include 2,000 slot machines. It was the most important contender within the Finger Lakes-Southern Tier region.
According to PokerAtlas, The big apple currently has three poker rooms. The excellent news in regards to the addition of non-tribal casinos is that there'll likely be more options for poker players.
More casinos in Big apple also mean more gambling within the Northeast. Pennsylvania has greater than 10 casinos, and just OK’d a plan for one more casino in Philly. Massachusetts currently has three firms—including MGM and Wynn—building new gambling facilities there. Connecticut may be home to a few successful tribal casinos. However, New Jersey has lost four casinos this year, which ended in the worry about over-saturation in The big apple.
New York Selections
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