New York state imposes $500 million fee for city casino license

Once licensed to operate any of New York state’s three casinos, the operators are required to pay the state at least a $500 million fee for the gambling license, under new rules authorized by the state’s site committee announced Tuesday.

The filling was revealed by the New York Gaming Board, known as New York’s iGaming regulator, which involves a rating system that will decide the lucky winners of the casino license bids, which will be required to pay a $500 million license fee within 30 days of their official license.
 
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