Award Process for New York Casino Permit May Extend to 2025



It’s been widely anticipated for New York regulators to announce the winners of three downstate casino licenses this year. However, aspirations might already be dashed for the fact that Governor Kathy Hochul’s budget doesn’t include revenue from the licensing fees the winning bidders would pay to the state. This leads to speculation that the process could be dragged into 2025. Even more controversy surrounds the process, such as branding issues with Bally’s and Hard Rock International and legal issues with Las Vegas Sands and Nassau County. As time passes, it seems less likely that New York will award the three downstate casino permits before the end of this year. For more updates on this year’s casino licensing process in New York, stay tuned to this space.



Source link

Leave a Comment