Casino Bids Heat Up in New York City

Community input will be critical for projects vying for lucrative gaming licenses.

The competition to secure one of the state’s gaming licenses, allowing operation of a casino within the five boroughs, is intensifying, with community advisory committees now in place to evaluate proposed projects.

Crucial Appointments Made

Community advisory committees have now been appointed for each of the eight proposed casino projects. These committees wield considerable influence, possessing the power to effectively veto any project through an up-or-down vote slated for later this summer.

High Stakes Competition

Currently, eight proposals are in the running for up to three state gaming licenses. Seven of these ambitious projects are located within the city’s limits.

To advance to the subsequent phase of the competitive process, each project must secure the approval of its respective community advisory committee.

Economic Impact

The potential impact of these casinos is substantial. According to a 2023 report by the American Gaming Association, commercial casinos generated $54.9 billion in gaming revenue nationwide, highlighting the lucrative nature of these ventures. American Gaming Association 2023