New York Approves Three New Casino Licenses Ahead of Schedule

Legislators in New York approved plans for three new casinos as part of the $220 billion one-year state budget they approved on Saturday.

New York has approved three new casinos. The bill allows the state to authorize up to seven casinos in two phases. New York will start accepting casino applications this year. A minimum of $500 million license fee was set by legislators.  A six-member community board of political appointees selected by the governor, mayor and state and local representatives will review all proposals.

New York Approves Three New Casino Licenses Ahead of Schedule. Lawmakers must monitor the timely, fair and transparent bidding process for the licenses.

There are three slots available in New York. Two of them are in Yonkers and Queens. MGM Resorts International and Genting Group operate slot machine parlors there. They will seek to expand their offering with blackjack and other games under a Las Vegas-style casino license. Wynn Resort, Las Vitesse Sands and Hard Rock International are also interested in the slots.