As expected, New York gaming officials released the request for applications late Tuesday afternoon for the three remaining casino licenses available in the state.
The Gaming Facility Location Board has provided no official deadline for submissions. All applicants must be willing to invest at least $500 million in any project they propose. The license fee for the new gaming facilities will also be $500 million.
The licenses are expected to go to developments proposed for the downstate region, which includes New York City and its suburbs on Long Island and north of the metropolis.
Nearly a decade ago, the state’s voters approved a constitutional amendment to allow commercially licensed casino gaming. The amendment allowed up to seven facilities.
Four of those currently operate in upstate New York, and the remaining three licenses were set to be awarded after a seven-year period. The purpose behind that was to allow the upstate casinos to build up their operations before any New York City facility opened.
The Gaming Facility Location Board has provided no official deadline for submissions. All applicants must be willing to invest at least $500 million in any project they propose. The license fee for the new gaming facilities will also be $500 million.
The licenses are expected to go to developments proposed for the downstate region, which includes New York City and its suburbs on Long Island and north of the metropolis.
Nearly a decade ago, the state’s voters approved a constitutional amendment to allow commercially licensed casino gaming. The amendment allowed up to seven facilities.
Four of those currently operate in upstate New York, and the remaining three licenses were set to be awarded after a seven-year period. The purpose behind that was to allow the upstate casinos to build up their operations before any New York City facility opened.