The anticipation surrounding the allocation of three new downstate casino licenses in New York has been intense. These coveted licenses are expected to be awarded by the New York State Gaming Commission (NYSGC), with the application process anticipated to kick off later next year. As gaming and hospitality giants put forth their proposals, it is clear that this will be a meticulous and prolonged endeavor. Notably, while formal applications are pending, the NYSGC remains vigilant, scrutinizing potential bidders even before any official submissions.
Brian O’Dwyer, the chairman of the NYSGC, highlighted concerns about two prominent contenders: Wynn Resorts and Resorts World Las Vegas. Both companies have recently faced legal issues necessitating close monitoring. O’Dwyer expressed particular worry over Wynn Resorts’ record $130 million forfeiture agreement with the U.S. Department of Justice, a consequence of alleged financial misconduct. Despite these concerns, O’Dwyer emphasized that the Department of Justice settled the matter without filing criminal charges.
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