Queens and Bronx websites authorized for on line casino licenses

Two websites in Queens and one other within the Bronx have acquired approval from the state’s Gaming Facility Location Board on Monday to be awarded the long-anticipated downstate on line casino licenses. 

Genting’s Resorts World New York City, which had been one of many favorites for a license, and the Metropolitan Park proposal for property round Citi Field had been the 2 Queens winners. The Bally’s plan for its Ferry Point golf course property within the Bronx was additionally really helpful by the situation board. 

At one level, there have been 11 websites vying for one of many downstate on line casino licenses, however most, together with the Las Vegas Sands plan for the Nassau Coliseum property, dropped out of consideration alongside the way in which.

The location board’s consultants challenge incremental annual gaming tax income of almost $1 billion in 2036, totaling about $7 billion between 2027 and 2036, in addition to $1.5 billion in licensing charges. Additional state and native taxes are projected to generate about $5.9 billion over 10 years, with downside playing packages projected to obtain $10.7 million yearly, in response to a board assertion. 

“The Gaming Commission has already undertaken the background investigations of the applicants and is expeditiously applying its statutory license suitability criteria to ensure that these casinos are operated with utmost integrity and fiscal responsibility,” stated a Gaming Commission assertion. “A New York gaming license is a privilege – and this commission will ensure those entities fortunate enough to be selected for licensure meet New York’s rigorous standards.”  

The Resorts World gaming complicated on the location of Aqueduct Racetrack in South Ozone Park has proposed to create a $7.5 billion resort on 72 acres of the 172-acre property that can also be dwelling to the racetrack and the headquarters of the New York Racing Association. Resorts World, which has been housing Nassau Regional Off-Track Betting’s 1,000 video slot machines, has proposed to create a 500,000-square-foot gaming flooring with 6,000 slot machines and 800 dwell desk video games, a complete of two,000 resort rooms, constructing on the 400 present items on the Hyatt Regency, and a brand new 7,000-seat multipurpose leisure venue, amongst different enhancements. 

“Resorts World New York City’s journey to this historic moment represents more than 15 years of work to generate jobs, revenue, and opportunities for our neighbors,” Robert DeSalvio, President of Genting Americas East, stated in a written assertion. “Resorts World New York City’s $7.5 billion proposal is the only bid that can expand operations in just 90 days, generating billions in new revenue for mass transit and public education over the next four years. We are thankful the Gaming Facility Location Board recognized the tremendous economic impact we will have for New York State.” 

The Metropolitan Park Casino is a proposed $8 billion challenge by New York Mets proprietor Steve Cohen and Hard Rock International that will probably be constructed on the parking tons west of Citi Field in Willets Point. The plan features a Hard Rock resort, a dwell leisure venue, eating places, a conference heart and retail house. 

The $4 billion proposal from Bally’s features a 500,000-square-foot gaming flooring with 3,500 slot machines and 250 desk video games, a 2,000-person occasion heart, and a number of other eating places and leisure venues. 

The three websites nonetheless want the state Gaming Commission to ratify the situation board’s suggestion by the Dec 31 deadline. 

“The three projects approved today promise to unlock billions in funding for the MTA and create tens of thousands of jobs,” Gov. Kathy Hochul stated in a written assertion. “It is critical that they keep those promises. I look forward to the Gaming Commission’s review of the Board’s recommendations in the weeks ahead.” 

Each of the three on line casino proposals will create hundreds of development and everlasting jobs and are anticipated to generate billions in income.