Lawmakers in NY approved a bill setting a deadline for the long New York City casino licensing process, aiming to conclude bid selection by December 2025 to prevent further delays.
Assemblyman Gary Pretlow emphasized the urgency of expediting the process due to missed revenue opportunities, encouraging swift action to avoid inefficiencies and financial losses.
The bill, pending Governor Hochul's approval, aligns with addressing budget shortfalls by anticipating casino revenue contributions, as a response to scrapped plans like congestion pricing for MTA funding.
Major gaming companies are eager for the delayed process to conclude, hopeful that the new legislation brings clarity and streamlines the licensing process, ending ongoing uncertainties.
Collection
[
|
...
]