NY officially opens applications to build 3 new casinos
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New York has officially begun to accept applications for three new full-fledged casinos.
The state’s Gaming Facility Location Board voted Tuesday to open the application process for the casinos, which would include live table games in addition to slot machines.
The board said it will review each application and decide on the locations based on three main factors: how many jobs a potential casino plans to create, how much revenue it can bring in and the impact it would have on the surrounding area.
Many groups have already expressed interest in bringing casinos to the five boroughs in areas such as Hudson Yards, Times Square, Coney Island and Willets Point, near Citi Field in Queens.
Each applicant must pay a $1 million application fee to the state’s Gaming Commission, according to the board’s website.
All applications must also be reviewed and approved by a community advisory committee. The board said in a press release that it is also welcoming all public input when deciding upon applications.
The plan to build more full-scale casinos dates back to 2013, when New York officials authorized the construction of up to seven in the state. Only four licenses have been allocated since.
Revenue from the casinos is expected to be invested into the state’s public schools, local governments and gambling addiction treatment services, according to the board.
The board has set the minimum capital investment and license fee for all applicants seeking to build a casino at $500 million each.
