Senator Addabbo Talks about New York’s Three Newly Planned Casinos

The New York Gaming Facility Location Board officially opened the process for three new full casino licenses. Successful applicants must pay a $500 million licensing fee and pledge to invest at least $ 500 million more in their project. Several companies have expressed interest in opening venues in prime locations. MGM-owned Empire City Casino and Resorts World New. York City appear to have the upper hand, but industry heavyweights Caesars Entertainment and Wynn Resort will try to snatch a license for themselves.

New York has three new casinos planned. Sen. Joseph Addabbo is a proponent of regulated gaming. He believes that the new licenses will contribute to educational funding and reduce problem gambling. His next project involves introducing legalized iGaming in New York by the end of 2023.

New York stands to gain much by the revenue of these licenses and the activity going forward.