Two New York lawmakers, Sen. Joseph Addabbo and Rep. Gary Pretlow, are championing a bill to speed up the granting of casino licenses in New York City.
They argue the current schedule is costing the state billions in lost potential revenue. This push comes in the final days of the state legislative session.
Addabbo and Pretlow are proposing legislation that would require proposals to be submitted by July 31 of this year. The New York State Gaming Commission was required to approve the three casino licenses by March 31, 2025.
While the current timeline, set by state gaming commissioners, brings forward the granting of licenses by December 31, 2025.
Plans to issue casino licenses
New York plans to issue three upstate casino licenses. Applicants must meet certain environmental standards, including the State/City Environmental Quality Review (SEQR) Act. There are 11 known candidates.
MGM Resorts International, Wynn Resorts, Las Vegas Sands and Caesars Entertainment are among the operators that have established initial plans.
New York City is known for its vibrant nightlife and entertainment, and the addition of casinos tends to increase tourist appeal.
Supporters of the project argue that the casino industry is a major job creator and could bring a significant boost to the local economy.
Because casinos are not just gambling places. But they also offer a variety of entertainment, such as live shows, high-quality restaurants and luxurious hotels.
The arrival of major operators such as MGM Resorts International, Wynn Resorts, Las Vegas Sands and Caesars Entertainment would raise the standard of entertainment and hospitality in the city.
Therefore, the New York State Gaming Commission will be tasked with ensuring that applicants meet all necessary requirements, including strict environmental standards.
