Lost in the hoopla over mobile sports betting in conclusion week, when New House of York lawmakers passed a $212 billion fiscal yr budget, were a span of provisions tied to the casinos crosswise the state.

First, the budget calls for the New York State Gaming Commission to go forth a “request for information” ingathering regarding the threesome unawarded downstate gambling casino resort hotel licenses. The other allows for the existing IV upstate commercially licensed casinos to seek a reduction in gaming taxes.

The RFI, which will essentially regulate what entities may follow interested in operating a downstate casino, will live the foremost step inward getting those licenses issued.

It’s non as far as state Sen. Joseph Addabbo, D-Queens, and other gaming proponents wanted to go this year. The tell Senate’s proposed budget called for starting the summons mental process on the licenses this year. It is an effort to wreak inward upwardly to $1.5 one million million inwards revenue from licensing fees and energise the New York City expanse saving with thousands of building and hospitality jobs.

“The do work starts after the budget ends,” Addabbo, who chairs the Senate’s Racing, Gaming, and Wagering, told Casino.org. “So, if we can expedite yet that cognitive operation of the RFI, my goal is still to attempt and realize some revenue within this fiscal year.”

Cuomo Wants to Avoid Politics with NY Casinos

Before the COVID-19 pandemic dealt an economic bump to New York through the deprivation of millions of jobs, Gov. Saint Andrew the Apostle Cuomo had been inexorable that the downstate gambling casino licenses would non be issued until 2023. That was how the country mark upwardly the 7 licenses backward in 2013, with tell officials gift the quartet upstate casinos a six-year head word pop to base their markets.

The regulator in his executive director budget did include the RFI plan. However, he could not live swayed to tone ending the licenses earlier, even as the New House of York City country has lost more than a quarter-million hospitality jobs inwards the in conclusion twelvemonth alone.

On Wednesday, piece not ruling come out the opening of expediting the licensing process, Cuomo told reporters he did not require to politicise the casino authorization process.

We get a gaming commission that makes the conclusion on the merits,” Cuomo said. “There’s a lot of money mired inwards casinos. There’s a lot of lobbyists. There’s a lot of political contributions, and I need to piddle trusted that any determination that is made is made purely on the merits, and I’ll make nada to fare with a casino project that can be politicized.”

In increase to seeking an too soon awarding of the licenses, the Senate’s proposition also called for gift a cold-shoulder penchant to II existing downstate racinos, MGM Resorts International’s Empire City Casino at Yonkers Raceway and Resorts World New York City at Aqueduct in Queens.

MGM to Keep Fighting for Downstate Casinos

In a statement to Casino.org, an Empire City representative said the company was disappointed the commonwealth could non make an arrangement on downstate casinos “that would hold instantly created thousands of good-paying join jobs.”

A fully fledged cassino resort hotel at Empire City would create 10,000 indirect and induced jobs, the voice said. The casino itself would hire 2,500 young workers with an yearbook paysheet surpassing $75 million. They added the gambling casino simply due north of New House of York City is “well-positioned” to follow a chore creator for the region.

“That’s wherefore on that point has been such warm bread and butter from local business, fag unions, and community of interests groups,” the representative said.

“We testament bear on to process with the legislative assembly to clear a bank note that implements a treat for the issuance of downstate cassino licenses before the cease of the session.”

Resorts World Sees Upstate Provision as Win-Win

As for the other cassino supplying inwards the budget, the four upstate venues tin can at present petition the gaming direction to seek a reducing in their slot simple machine taxes to no more less than 30 percent of their 144 gaming revenue.

Under state law, slots at Resorts World Catskills in Monticello currently are taxed at 39 percent. At Rivers Casino in Schenectady, the tax charge per unit is 45 percent, and at Del Lago inward Tyre and Tioga Downs inwards Nichols, their slots revenue is taxed at 37 percent.

Across the quadruplet casinos, revenue from all other gaming sources is taxed at 10 percent.

Meghan Taylor, the vice president for administration affairs and public dealings for Resorts World Catskills, said the measure out testament benefit all parties.

For the casino, President Taylor noted it would grant it to implement its ontogeny strategy and springiness “economic security” to workers.

“This supplying testament facilitate protect the to a greater extent than 1,400 labor union jobs at Resorts World Catskills, stabilize hundreds of millions of dollars inward revenue for New York State, and acantha upper-case letter investment funds on the property that testament termination in additional verbatim and indirect jobs and economic activity in the Catskills region,” Zachary Taylor told Casino.org.

The budget calls for the gaming military commission to evaluate requests on octet criteria. That includes the casino’s inability to remain militant below the existing taxation architectural plan and a retrospect of how the entities be after to expend the monetary resource they’ll bring in from the assess break.

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