The fate of New York City’s protracted casino contest edges closer to a resolution as state regulators prepare to vote on Monday, potentially marking the end of a decade-long saga filled with neighborhood disputes, shifting political landscapes, and a parade of bidders. Over the years, this contest has attracted significant attention and culminated in a gripping face-off among three formidable contenders, none of whom are assured a victory just yet. The decision will rest in the hands of the Gaming Facility Location Board, a group of five members, which has the option to select up to three applicants for the downstate licenses. Although the board is not obligated to issue all the licenses, New York’s financial woes might incentivize them to do so, given each license demands a hefty $500 million payment and at least that much more in construction investments—funds that Albany badly needs to address looming budget deficits.
The three remaining proposals each promise unique potential transformations across distinct areas of the city. In Queens, Steve Cohen, the owner of the Mets, is teaming up with Hard Rock to propose an ambitious project that aims to revamp the vast parking lots around Citi Field into a full-fledged resort. This new venture, centered around a casino, would also feature a performance venue and a food hall, making it a focal point for both entertainment and community engagement. However, despite garnering considerable support from business leaders, the proposition has met resistance from local residents worried about the inevitable increase in traffic and congestion. Adding to the mix, Resorts World, which operates electronic games at Aqueduct in Queens, has been vocal about unfair tax structures that could place them at a competitive disadvantage compared to other bidders. Their proposal includes a significant upgrade with the introduction of table games and additional amenities, contingent on achieving a more equitable tax arrangement.
The contest is not just limited to Queens, as Bally’s is also in the fray, proposing a large-scale casino and hotel development adjacent to its Ferry Point golf course in the Bronx. This project has successfully navigated a stringent zoning process earlier in the year with crucial support from City Hall. Soo Kim, the company chairman, has expressed optimism
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