New York Delays Decision on Casino Licenses Until End of 2025
The New York State Gaming Commission has announced that the selection process for new land-based casino licenses will not be concluded until the end of 2025, citing an extensive approval procedure.
In January 2023, New York initiated the application process for licenses for three commercial casinos in the southern region of the state. Additionally, an amendment to the state constitution paved the way for the establishment of four gambling facilities in the northern area, with an additional three closer to the city.
Several major players in the land-based casino industry, including MGM Resorts International, Wynn Resorts, Las Vegas Sands, and Caesars Entertainment, have expressed interest in developing new properties in the region.
However, Robert Williams, the executive director of the commission, highlighted that the prolonged environmental review process will delay the issuance of new licenses. Prospective operators must meet stringent requirements, including adherence to environmental standards, before receiving approval to commence operations.
27 March 2024, 13:00
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