Posted Jan 7, 2025, 5:26 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,199
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https://www.covers.com/industry/econ...ses-jan-6-2025
Economic Development Will Impact New York Casino Licenses
The New York State Gaming Commission's executive director reaffirmed the financial benefits of casino projects will influence who gets an approval.
Ziv Chen
Jan 6, 2025
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Williams highlighted key areas that the Commission will consider, including the size of capital investment, revenue for New York, and the quality of jobs the project provides. The Commission will also consider the architecture, design, and “the relationships that they have with local communities, with unions, how the different projects integrate into something as simple as traffic and sewer and water, and fire and police protection.”
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New York lawmakers tried to speed up the casino licensing process last year, with State Senator Joseph Addabbo and Assemblyman Gary Pretlow putting forward S9673A to speed things up. However, the bill waited on Governor Kathy Hochul’s desk until the end of the legislative session, ending any chance of streamlining the process.
While licensing has been slow, with a proposal deadline in June, lawmakers should finally make progress on New York City casinos.
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