That's when potential bidders must submit to the state their first round of questions about the award process. The only significant deadline the sitting panel agreed to today in its s brief session held in a Manhattan office: Feb. Licenses are not expected to be awarded until, at the earliest, sometime later this year.
State officials, in the New York 2022 budget, okayed the process to award another three casino licenses in the downstate area. Upstate New York Casino Award-Winning Gaming.
Those levels, as seen with track-based racinos and upstate commercial casinos, could always be changed by state officials in future years to levels that are more favorable to casino owners. The panel now considering future applications must take into account an array of factors, from the financial wherewithal of bidders, number of 'quality' jobs to be created, employment arrangement deals with unions to their past experience, and an ability to adhere to a 'reasonable and feasible construction schedule' for future casino developments.Ĭasino operators must also agree to turn over 25 percent of slot machine revenues, and 10 percent of other gambling proceeds, to the state of New York.
