Securing a casino license in New York has never been as significant as in the 2025 race. Leading gaming and hospitality giants, coupled with ambitious real estate developers, are vying for one of the three coveted downstate licenses. With a total of eleven proposals submitted, the New York Gaming Facility Location Board is anticipating detailed responses to over 400 questions from these bidders by June. Each applicant’s journey is meticulously timed, with final applications due on June 27, 2025, and a shortlist expected by December 1, 2025. Ultimately, by year’s end, the New York State Gaming Commission will announce the winners, who will each have paid a hefty $500 million fee, plus proposed tax rates, promising lucrative returns for the state.
The allure of these licenses is not solely in the tax revenue and licensing fees; the projected area developments promise significant local improvements. For instance, the collaboration between Las Vegas Sands and RXR Realty aims to transform Nassau Coliseum into a $6 billion resort destination, blending gaming with entertainment. However, every silver lining has a cloud, as local opposition from Nassau activists raises concerns over potential community impacts. Simultaneously, Wynn Resorts and Related Companies envision a breathtaking 80-floor skyscraper at Hudson
Thor Equities is another key player with its $3 billion proposal named “The Coney”. This project lays out a bold vision for Coney Island, pledging $200 million directly into the local community should it secure a license, thereby promising a significant boost in both temporary construction jobs and permanent employment opportunities. Similarly ambitious, MGM Resorts plans to invest over $2 billion to upgrade its Empire City Casino in Yonkers, a venue that has already proven its community value by generating considerable proceeds for educational initiatives since its acquisition in 2019.
Not to be outdone, Genting aims to redevelop Resorts World New York City in Queens with a $5 billion overhaul, backed by endorsements from key lawmakers and industry stakeholders. Competing on Manhattan’s high stakes is Caesars Entertainment, partnering with SL Green and Roc Nation—founded by Jay-Z. Their vision for a $4 billion Times Square casino blends high-end gaming with entertainment, promising unprecedented attractions in one of the world’s most iconic locations.
The competition is fierce, with five other notable applicants in the ring. As the year unfolds, one can only watch with anticipation as New York inches closer to unveiling the winners of this high-stakes race. With substantial investments and promises of community enhancements, the new
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