Date: November 26, 2024, 09:02h.
Last Updated: November 26, 2024, 09:02h.
New York Governor Kathy Hochul (D) recently vetoed legislation that aimed to speed up the determination of three casino resort bids in the downstate region.
Hochul has consistently stated that she does not want to be directly involved in the selection of casino companies for gaming licenses that include slot machines, table games, and sports betting privileges. She vetoed the proposed changes to the bidding timeline, citing unfairness to some parties involved in the process.
Hochul explained in her veto message that altering the timeline would benefit some bidders while disadvantaging others, which she cannot support.
The legislation, known as Senate Bill 9673A, intended to modify the timeline for reviewing casino bids, requiring developers to submit their applications by August 31, 2024. Hochul’s veto means the Location Board will continue with its current review schedule.
Pressure on the Governor
The New York State Legislature passed the measure in June to expedite the casino review process, but Democratic leaders anticipated Hochul’s veto. The sponsors of the bill were hoping to compel the governor to address the issue of casino gambling in downstate New York.
In addition to the controversy surrounding congestion pricing, Hochul has faced criticism for apparent support of billionaire Steve Cohen’s casino bid at Citi Field in Queens. Reports suggested changes in the state’s land-use regulations that could favor Cohen’s project, although Hochul denied these rumors.
State Sen. Joseph Addabbo, the chief sponsor of S9673A, aimed to challenge Hochul’s neutrality by pushing the bill forward for her consideration. The bill’s swift rejection indicates ongoing scrutiny over potential conflicts of interest.
Cohen, a significant contributor to Hochul’s political campaigns, continues to face obstacles in rezoning the Willets Point area for a commercial development. The rejection of the casino acceleration bill is seen as a setback for his venture.
The reinstatement of the $9 toll by Hochul has raised concerns about infrastructure funding in New York City. Addabbo believes expediting casino licenses could generate immediate revenue for the state through permit fees.
Despite the veto, the timeline for submitting casino bids remains unchanged, with winners expected to be announced in late 2025.