"The state Gaming Commission on Monday awarded the three projects licenses to operate in the lucrative metropolitan-area market during a meeting at a riverside park in upper Manhattan. The panel approved the licenses with the condition that the companies each appoint an outside monitor that would report regularly to the commission to ensure they meet their financial and legal obligations, as well as the promised investments they made to local communities."
""You all have an important charge ahead of you, and you can be assured that this commission takes our responsibility to keep your feet to the fire with great respect," he said to the project representatives in attendance. Democratic New York Gov. Kathy Hochul said in a statement the projects would pump billions of dollars into the state's transit and education systems and create tens of thousands of jobs."
The state Gaming Commission awarded licenses for three Las Vegas-style resort casinos at sites outside Manhattan: a proposed $8.1 billion Hard Rock complex next to Citi Field, a roughly $4 billion Bally's project at Ferry Point, and a slot parlor on a racetrack near JFK. Each license requires appointment of an outside monitor to report regularly on financial, legal, and community investment commitments. Officials expect jobs, infrastructure improvements, and significant gaming revenue, with billions earmarked for transit and education and tens of thousands of projected jobs. Opponents raised concerns about increased gambling addiction and vowed legal challenges.
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