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17 Bids Received for 4 New York Casinos

New York is inching closer to expanding land-based casino gambling after 17 bids were received by state gaming regulators for four new casinos.

The New York State Gaming Commission is now carefully scrutinizing the proposals and will announce the winners sometime this fall. The list of applicants includes Hard Rock International, Caesars Entertainment, Penn National, and the Saratoga Casino and Raceway, among others.

That list was originally populated by 22 bidders, but five have since not pursued the matter further, WSJ reported.

The remaining 17 applicants have been welcomed to give oral presentations as to why they should be chosen on July 21. The Gaming Facility Location Board will hear their pleas. Those pleas for licensing will be restricted to three regions previously chosen by state officials in which the new casinos will be constructed.

New York’s gaming expansion plan was made possible by a November referendum that found New Yorkers in favor of commercial brick and mortar casinos. New York residents will be able to remain in-state to gamble, which will likely cause a drop in revenue in surrounding states. New Jersey has already experienced revenue decreases for that reason, with Pennsylvania mostly to blame.

While blueprints are in place for expanded live casino gambling in the Empire State, expansion may also reach the Internet in the future. A survey taken in March found New Yorkers in favor of online poker, with 87% stating that legalized Internet gambling would not preclude them from visiting casinos.

The survey was commissioned by Caesars and MGM shortly after New York Sen. John Bonacic proposed an online poker bill. Bonacic’s measure, S 6913, would permit poker-only while excluding games of chance from being wagered on online. Some 19 million residents call New York home, making it the third most populous state in the nation.

 

 

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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