There have been demonstrations against the decision to allow full-scale casinos in New York, but it is doubtful that these protests would change the state’s plan to hand out three full licenses this year. 

Businesses that have already secured licenses are sure lucky enough to get the opportunity to provide table games with live dealers, such as poker, roulette, and blackjack.

New York casino business to generate revenue, job opportunity

Senator Joe Addabbo, an outspoken supporter of introducing more betting operators across New York State, is leading the lobbying effort, which resulted in the state accelerating the timeline for the licenses and including them in the budget for this fiscal year. 

Both of these accomplishments were made possible as a result of the state’s ability to do so. The senator, who is also the head of the Committee on Racing, Gaming, and Wagering, said that the three additional licenses will be of tremendous assistance to the towns in the area. 

According to Addabbo, allowing three casinos in the downstate area to operate with full licenses would create thousands of employment when considering construction and credible post-construction union jobs.” “It also means increased money for the state, which is anticipated to be around $1.5 billion from the three licensing fees, and it will enable us to substantially support essential educational and gaming addiction initiatives.

Resorts World and Empire City Next to Enter Market

It is already common knowledge among those who work within the sector as to who will end up with two of the three licenses at this stage. The first one will be awarded to the Empire City Casino, which is run by MGM and is situated at the Yonkers Raceway just to the north of New York City.

The second prize will be awarded to the enormous Resorts World New York City casino, which has more than 6,500 slot machines in addition to a racetrack that is consistently among the most popular attractions in the surrounding region. It is a casino that is owned by Genting, which is a huge company in Malaysia.

Even though Resorts World is geographically located outside of Senator Addabbo’s own district, he has never wavered in his support for the casino and entertainment complex. According to what he had to say, the casino “will still be an economic engine for the state and the city, and they’ve been a fantastic neighbor.”

According to him, the state would get an extra $1.5 billion in cash as a result of the three licenses, which would assist the state in significantly increasing its budget in order to support crucial educational and gaming addiction initiatives. There is less clarity about the destination of the third license at this time.

However, according to Addabbo, the competition for the final available space is still “wide open” despite the fact that many prominent casino brands have already indicated an interest in the opportunity. Wynn Resorts, Bally’s Corp., and Las Vegas Sands are just some of the huge names that could attempt to make their claim in this market. Whoever comes out on top, however, will have an uphill road to face since they will have to compete with two established and well-liked locations.