Finish line in sight As expected, the five-person New York Gaming Facility Location Board has recommended that each of the three remaining applicants for full, resort-style casinos in New York City be granted licenses. The board advanced all three – Bally’s, Hard Rock Hotel & Casino, and Resorts World New York City – to the… Read more »
Reevaluated the economics In a stunning turn of events, MGM has withdrawn from the race for one of three casino licenses for downstate New York. In a press release, MGM Yonkers, Inc. said, “….the competitive and economic assumptions underpinning our application have shifted, altering our return expectations on the proposed $2.3 billion investment.” “The newly… Read more »
Citi Field casino plan advances As the month of September came to an end, the competition for the three downstate New York casino licenses came into focus. With the New York State Gaming Commission (NYSGC) expected to decide on the winners before the end of the year, all proposals have been voted upon by their… Read more »
New York State Senator Jessica Ramos has effectively blocked a proposal from New York Mets owner Steven Cohen to build a casino to build a casino next to the Mets’ stadium, Citi Field. On Tuesday, Ramos issued a statement saying that she will not introduce legislation to allow for the rezoning of parkland to make… Read more »
Some parents feel duped As the jockeying for one of three New York Casino casino licenses heats up, gambling companies are doing whatever they can to make their bids look as attractive as possible. One of the tactics that has drawn sharp criticism from local residents is the sponsorship of youth sports. The New York… Read more »
As the competition heats up for the three retail casino licenses in New York City, so does the opposition to Las Vegas Sands’ site proposal. In an open letter, the Trustees of Hofstra University expressed their disdain for LVS’ plan to build a casino in the area around Nassau Veterans Memorial Coliseum, known as the… Read more »
Whales aren’t always the primary target As competition for one of three New York City casino licenses heats up, The New York Times published a story this week detailing the often sad scenario that is New York casinos’ big target demographic: elderly Asian immigrants. While casinos send buses to Asian communities in New York City… Read more »
We have seen it across the States of America. Areas that had never embraced gaming have moved forward with regulating online sports betting, daily fantasy sports (DFS), and even casino gaming (online poker, alas, lags far behind). Now states are beginning to eye areas of expansion for their “brick and mortar” operations, with the state… Read more »
