The New York Gaming Facility Location Board has mentioned it’s backing all three of New York City’s finalists for a on line casino license on Monday (December 1).
The Gaming Facilities Location Board, which options 5 members, selected three casinos to be granted downstate licenses, with every license requiring a $500 million cost. Resorts World New York Metropolis, Bally’s New York Casino and Metropolitan Park all received approval.
Whereas licenses don’t should be given out, the monetary issues encountered by the state point out that awarding them is the absolute best resolution.
An additional $500 million can also be assured in building commitments, and this income might show invaluable.
There have been eight on line casino proposals concentrating on a license in July. The Avenir, Caesars Palace Instances Sq., Freedom Plaza, Bally’s New York On line casino, Metropolitan Park, Resorts World New York Metropolis, the Coney and MGM Empire Metropolis all put bids ahead. Nevertheless, solely three had been chosen in the long run, whereas MGM pulled out earlier this year.
The gaming fee is anticipated at hand out the licenses by the top of the 12 months.
The three contenders really useful for a on line casino license
The three proposals are unfold out throughout the completely different areas of the town.
Queens options two of the three casinos hoping to be awarded a license. Resorts World is trying to plan a major improve of its present location so as to characteristic many extra desk video games. This expanded location will likely be value $7.5 billion.
Metropolitan Park is the opposite venue in Queens, with New York Mets proprietor Steve Cohen is collaborating with Onerous Rock to create a plan of motion.
This entails the parking areas round Citi Area being remodeled right into a resort. Whereas the on line casino could be the primary focus of attraction, there would even be meals halls and a efficiency centre.
“I really feel assured. I really feel bullish. Wager on Queens,” mentioned Donovan Richards, the Queens Borough President, forward of the vote.
“Why go to Manhattan? You may keep in Queens! Queens turns into a world leisure hub,” added Richards.
The ultimate proposal got here from Bally’s New York On line casino. Firm chairman Soo Kim needs to construct a on line casino and resort proper subsequent to Ferry Level Golf Course within the Bronx.
New York State Gaming Fee will now have to assessment the funds and authorized standing of every on line casino bid.
Solely then will licenses be awarded.
UPDATED: Gaming Services Location Board resolution added on December 1, 2025.
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