New York Casino Board Adds Members As New Proposal Emerges
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Staten Island Borough President Vito Fossella is the latest official to make a pitch for one of the three downstate casino licenses that will be under consideration by the New York State Gaming Commission. Two racinos at Yonkers and Aqueduct are considered likely to receive the license.
New York Casino Board Adds Members As New Proposal Emerges. Location board gets three of five members. Last spring, New York legislators gave the gaming commission the go-ahead to issue three Class III licenses to create full-service casinos with slot machines, brick-and-mortar sportsbooks, poker, blackjack and other table games at New Yorkers' area sites. Wynn Resorts and Related Companies wants to build a casino at Hudson Yards in midtown Manhattan. Coney Island mogul John Catsimatidis wants a Cony Island casino. Bronx assemblywoman Amanda Septimo wants one in Hunts Point. Long Island has four full service upstate casinos.
Timothy Pearson, who worked for Resorts World, had to quit his job as a city employee because of a conflict of interest. He earns $242,000. The license fee will be no less than $500 million. It will depend on the location and the capital investment requirements.
