NYC Casino License War Heats Up as Top Contenders Clash

The approval grants Cohen and his partner in the project, Hard Rock International, the right to make several zoning changes to the site, which currently houses Citi Field’s parking lot. While the zoning changes are needed in order for Cohen’s plans to move forward, Metropolitan Park will still need several other approvals, both from local and state officials, before the project truly will be granted the green light. The Empire City Casino, which is 15 miles from Times Square, has attributes similar to those of Resorts World and operates thousands of slot machines.

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Bally’s plans to develop a 500,000-square-foot gaming hall on the Bronx site, along with a 500-room hotel with a spa and meeting space, retail shops, a 2,000-seat event center, and two parking garages with capacity for up to 4,660 vehicles. The development would be spread across 16.75 acres on the public golf course at the park. The bidders include some of the state’s wealthiest interests, often in partnership with major gaming outlets across the country — stretching from Connecticut to Las Vegas.

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The license would merely be an expansion with new restaurants and entertainment facilities, and not a project that has to be built from the ground up. Resorts World, which opened in 2011 and has 6,500 slots and electronic table games, would be able to build out the facility to include live dealers at table games with relative ease. Each project is to be reviewed by a local group — known as a Community Advisory Committee — which must sign off on it. Each committee consists of six people, with the governor, mayor, the local state senator, local state assembly member, the borough president and the local city council member each appointing a representative. Bids were submitted back in 2023 after state lawmakers approved the opening of three downstate casinos, each of which would feature full gaming tables for roulette, blackjack, poker, and other high-stakes action.

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Besides evaluating casinos based on these factors, we push them to remove unfair rules from their T&Cs, resolve complaints in a fair way, and stop unfair treatment of players. A casino is at the heart of the Metropolitan Park plan, which is entirely contingent upon the venture receiving one of the three coveted downstate gaming licenses. The two “racinos” at Aqueduct and Yonkers Raceway appear to be favorites for winning two of the three downstate casino licenses.

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Rolling the dice: Who will win three coveted New York City-area full casino licenses?

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In November, all five of the community boards charged with reviewing the plan voted in favor of Cohen’s casino. Still, The Coney project has had a difficult time winning over local residents. In January, local Community Board 13 recommended denial of the application, with residents skeptical that Thor Equities would come through with its promises of $200 million in community investment. On Wednesday, Bally’s Corporation announced a community benefits agreement for the project that pledges to provide more than $200 million in community investment. The gaming giant says the Bronx casino will also provide 15,000 construction jobs and more than 4,000 permanent jobs for local residents.

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• The proposal seeks to revitalize the area by placing a casino by the famed Coney Island boardwalk near the Wonder Wheel.
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Cohen’s casino gets City Council approval

If you feel like you are at risk, don’t hesitate to talk to a professional. Resorts World is seen as a top contender for one of the three licenses largely because it’s already in operation as a racino and has a history of being a good neighbor in the borough, according to a number of elected officials. The City Council on Wednesday approved New York Mets owner Steve Cohen’s plan to bring a casino to Citi Field. The proposal seeks to revitalize the area by placing a casino by the famed Coney Island boardwalk near the Wonder Wheel. Thor Equities, a real estate investment firm, is partnering with Saratoga Casino Holdings and the Chickasaw Nation to build a casino in Coney Island.

Their proposal would feature a towering glass building overlooking the amusement park in the heart of the waterfront community. The structure, dubbed “The Coney”, would feature a new hotel just steps from the iconic boardwalk. Bally’s, a large gaming company that operates in Atlantic City, is looking to develop a casino at Trump Golf Links in Throggs Neck. Cohen has held meetings, including two visioning sessions, with the public to solicit feedback as to what to incorporate in his plans. The Midtown East proposal, which would also involve the construction of a new development, is led by real estate billionaire Stefan Soloviev and the Mohegan Tribe.

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Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running. The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan. Licenses will be good for a minimum of 10 years and a maximum of 30 years. Ten high rollers continue to vie for three lucrative full casino licenses in downstate New York in a years-long race that evolved from a sprint to a marathon. You do not want to claim bonuses and have them expire before you use them because you did not check on how long the bonuses last. If a game is being promoted to have high volatility, then you must be aware that you are risking more losses for a chance at bigger wins.

At least four of the six committee members must approve of the plan for it to move forward. The winners will be selected by a three-person state Gaming Facility Location Board, which will then make recommendations to the state’s Gaming Commission. Yet the race for all three downstate licenses is wide open — and nothing is a sure bet in the fierce competition full of big ideas and visions with billions of dollars at stake. Without question, the three winning bids will have the potential to reshape the socioeconomic landscape of the New York City metro area. If you or a loved one has questions or needs to talk to a professional about gambling, call GAMBLER or visit 1800gambler.net for more information. The Casino Estoril, located in the municipality of Cascais, on the Portuguese Riviera, near Lisbon, is the largest casino in Europe by capacity.

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