Major Casinos Compete For Manhattan License
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Major gaming operators are vying to open resorts in New York City. Caesars Entertainment is the latest to seek one of three downstate casino licenses. SL Green Realty Corp. is teaming with Caeres to redevelop the property at 1515 Broadway into a major casino and theater for "The Lion King" stage production. Wynn Resorts is partnering with Related Companies to apply for a license for resort in Manhattan’s Hudson Yards.
The New York State Gaming Commission notes that the downstate licenses won't be issued until 2023. The three-person New york Gaming Facility Location Board will make licensing recommendations to the Gaming commission.
Last spring, the New York Legislature approved the licensing of three downstate commercial casinos. The three casinos could be located in the lower Hudson Valley, on Long Island or in New Yorkers' five boroughs, including Manhattan.
Resorts World and Empire City are in the running to receive a full-scale casino license. If they get it, one more license would be available for a site in Manhattan. The current license allows them to offer slot-style video lottery terminal games but not casino games such as craps, blackjack or roulette.
New York voters approved seven casino licenses statewide in 2013. Four casinos have opened their doors to the public. Three downstate licenses are under review.
