New York is poised for a significant expansion in gambling with plans to issue three new casino licenses. This initiative follows a shift away from previous limitations on online casino development. The approval accelerates the timeline for casino developments in the downstate region, particularly in areas like Yonkers and Queens, where existing racinos could convert into full-scale casinos. While Manhattan is also a potential site, political challenges may hinder progress. A competitive bidding process is expected, with various key players eyeing opportunities to develop new facilities.
New York is significantly expanding its gambling market with plans to issue three new casino licenses, enhancing expectations for new casino developments.
Empire City Casino in Yonkers and Resorts World at Aqueduct Racetrack are frontrunners for the new casino licenses due to existing infrastructure and community ties.
Manhattan presents potential for a third casino, though local political resistance complicates efforts, with various developers eyeing locations like Hudson Yards.
Several prominent developers and operators, including MGM and Genting, are preparing bids while exploring opportunities for expansion and new facilities.
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