The New York State Gaming Commission is expected to meet in Manhattan Monday afternoon to finalize the approval to bring one casino to the Bronx and two to Queens.
The 1 p.m. vote is the final step in a decades-long process that included years of amendments to the projects, community meetings and various approvals.
What You Need To Know
The New York State Gaming Commission is expected to meet in Manhattan Monday afternoon at 1 p.m. to finalize the approval to bring one casino to the Bronx and two to Queens
Earlier in the month, the state Gaming Facility Location Board recommended Metropolitan Park in Queens, Resorts World New York City in Queens and Bally’s in the Bronx for downstate casino licenses
It is projected that the three casino projects will generate an estimated $7 billion in gaming tax revenue between 2027 and 2036
Metropolitan Park in Queens, Resorts World New York City in Queens and Bally’s in the Bronx were all recommended to the commission by the state’s Gaming Facility Location Board to be awarded a license.
At the hearing at the start of the month, the board said its decision weighed several factors, including projected tax revenue and economic benefits for surrounding communities.
“Each project proposes to deliver substantial community benefits, including infrastructure and transit improvements, local business partnerships and significant commitments to community-based organizations,” board member Greg Reimers explained at the meeting.
“Applicants made ambitious commitments to workforce diversity, community investment and local, unionized hiring,” he added. “The board emphasizes the need for the applicants to fully deliver on all of these commitments.”
The board projects the casinos will generate $7 billion in tax revenue from 2027 to 2036. That does not include the hefty license fees each will have to pay should they get the final OK.
The commission is expected to ratify the board’s recommendation Monday after one final review of each applicant’s ethical and financial qualifications before issuing the licenses.