Eight projects are competing for a casino license in New York City, each proposing substantial investments that aim to generate thousands of jobs and stimulate local economies. Proposed amenities include hotels, shops, and restaurants, alongside anticipated billions in taxable gambling revenue for the state. Despite the optimistic projections, local opposition is significant, particularly aimed at a Bally's casino in the Bronx, which was denied key rezoning approvals due to environmental concerns. The state plans to award up to three downstate licenses in December, reflecting the ongoing complexities in the licensing process.
Eight projects are bidding for a state license to operate a casino in the lucrative New York City market, each dangling the prospect of generational investment in America’s largest metropolitan region.
All of the proposed casinos promise to create thousands of new jobs, flashy new community amenities in the form of hotels, shops, restaurants and entertainment venues and billions of dollars a year in taxable gambling revenues.
The arrival of full-fledged casino resorts in New York City has been years in the making as the gambling industry spent mightily to secure approval from New York voters.
Nearly all the casino proposals face some degree of local push back, with the New York City Council denying Bally's a needed rezoning change due to environmental impact concerns.
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