Several lawmakers in New York state said they hoped the state would speed up the process of issuing downstate casino licenses. Officials who have been supported by local casino workers and trade unions want to see the state award three commercial gaming licenses available in the New York State area this year.
Recently, the state's gaming industry has witnessed the start of the long-awaited mobile sports betting. Digitization and expansion of land-based property are thought to be of considerable benefit to the country, as they can generate significant returns for the local economy. This is because money is desperately needed due to the influence of the unprecedented situation.
Gary Pretlow, chairman of the Congressional Committee on State Gaming and Gambling, noted that issuing a full gaming casino license in downtown New York State is his current top priority. He even suggests Gensing New York LLC's Resorts World New York City and MGM Resorts' Empire State Casino as potential leaders in full casino licenses.
Currently, both game facilities can only offer slotted video lottery terminal games from the lottery department. According to him, the venues are suitable candidates because they are already operating in the state and have enough space to add live table games. Turning them into full-fledged casinos is thought to provide $750 million in state coffers.
Joseph Addabbo, chairman of the Senate Gambling Committee, also likes to award three Downstate casinos during the year. Adabbo also supports the two gambling facilities to become regular casinos. This is because operators have excellent performance and community support. In his opinion, a third license should be given to properties in New York, Long Island, and the northern suburbs of Westchester, Rockland, and Putnam counties.
The Downstate Casino license suspension was introduced to give upstate commercial casinos an opportunity to gain a place in the local gaming market. But Clyde Barrow, a professor of political science who studies casinos, said most of the state's population is in New York's Downstate. In other words, downstate casinos are likely to close because everyone is downstate.
The New York State Game Commission has launched 'information requests' for candidates seeking to acquire one of the licenses available since late 2021, which it says has received more than 30 bids from at least eight casino operators, including MGM Resorts and Genting New York LLC, already mentioned in the report.
The Empire State gambling industry's first regulated online sports betting market officially kicked off on Saturday, January 8, 2022 at 9:00 a.m. Local gamblers can now bet on their favorite sporting events online without leaving home comfort on four gaming platforms. Five more will be released.
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