Eight casino projects are vying for a state license in New York City, promising significant investments, job creation, and taxable revenues. Proposed sites include Caesars Palace in Times Square and a Hard Rock complex near the Mets stadium. However, skepticism exists regarding the feasibility of these promises due to rising competition from online gambling. Local community opposition has emerged against nearly all proposals, with the New York City Council denying a key rezoning change for a Bally's casino, citing environmental concerns. The state hopes to award licenses in December after reviewing community feedback.
Despite proposals for eight casinos promising new jobs and billions in revenue, skepticism remains about their feasibility amidst increasing competition from online gambling.
Community pushback has emerged against nearly all casino proposals, with concerns about environmental impacts, particularly highlighted by the New York City Council's denial of Bally's rezoning.
The gambling industry has heavily invested in obtaining licenses to operate in New York City, motivated by the lucrative potential of the metropolitan market.
The state's Gaming Commission plans to award up to three downstate casino licenses in December, following community assessments set to gauge public opinion.
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