The race for New York’s highly coveted downstate casino permits has entered its final stretch as the state’s Gaming Facility Location Board engages in meticulous deliberations over the final applications. Their recent private meeting marked a pivotal step in this high-stakes competition, which promises to significantly alter the landscape of New York’s gaming industry. Four heavyweight contenders remain in the running: Bally’s Bronx at the former Trump Golf Links, MGM’s Empire City Casino in Yonkers, Resorts World New York City at Aqueduct Racetrack in Queens, and the ambitious Metropolitan Park near Citi Field spearheaded by Mets owner Steve Cohen in partnership with Hard Rock International.
The climate is ripe for substantial changes, but the board, under the guidance of chair Vicki Been, emphasizes a stringent selection process. Proposals must exhibit robust financial backing, expedited construction schedules, and considerable economic benefits to secure approval. Each of the five board members, who come from diverse professional backgrounds, underscores that the final choices will aim to generate long-term state revenue and foster sustainable community growth. The ultimate decision, anticipated by December 1, is expected to pivot New York’s gaming future, catalyzing significant investments and job creation.
The climate is ripe for substantial changes, but the board, under the guidance of chair Vicki Been, emphasizes a stringent selection process. Proposals must exhibit robust financial backing, expedited construction schedules, and considerable economic benefits to secure approval. Each of the five board members, who come from diverse professional backgrounds, underscores that the final choices will aim to generate long-term state revenue and foster sustainable community growth. The ultimate decision, anticipated by December 1, is expected to pivot New York’s gaming future, catalyzing significant investments and job creation.
In traversing the competitive field, the candidates have already surmounted the community review stage, eliminating several Manhattan-based bids. This phase has given Resorts World and MGM a perceived advantage, given their existing operations of video lottery terminals, positioning them for an effortless transition to full-scale casinos. However, the expansive development plans laid out by the Bronx and Queens projects carry the potential to bring transformative change to their respective areas, which adds another layer of complexity to the board’s deliberation process.
With each license boasting a hefty one-time fee of $500 million and offering the opportunity for Vegas-style gaming, the stakes couldn’t be higher. The board’s recommendations will be submitted to the New York State Gaming Commission, which
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