New York Names First Three Members of Casino Location Selection Panel

The foremost members of a panel that will finally decide where New York’s next tercet casinos were named on Monday, but thither are allay a few to a greater extent steps that demand to be taken before the Gaming Facility Location Board (GFLB) put up regular turn over possible candidates for licensure.

At its Mon meeting, the New House of York State Gaming Commission approved the assignment of Quenia A. Abreu, Vicki L. Been, and Gilbert Stuart Rabinowitz to the board. That run met the state’s Tuesday deadline of having a majority of the five-member gameboard inwards place.

The board placements also scratch line a 90-day time to issuing the asking for applications (RFA) for the cassino licenses. That papers will spread over item aspiring applicants will need to include inwards their proposals, as intimately as deadlines for submissions and other cay milestones.

But wait, there’s more. Before an application put up fifty-fifty acquire to the GFLB, it’s got to catch through and through a local board, called the Community Advisory Committee (CAC), and the zoning commendation process. For New York City, the CAC will include appointees from Gov. Kathy Hochul and Mayor Eric Adams. It testament also include the posing say senator, tell gathering member, urban center council fellow member and the appropriate borough president.

Outside of New House of York City, the CAC testament include the governor’s appointee, the capture county executive, the sitting country senator and gathering member, and the municipality’s highest elected official. For villages, that would follow both the settlement city manager and the townspeople supervisor.

Getting past times the CAC requires reenforcement from two-thirds of its members. Once an coating has received the necessary local approvals, the GFLB testament and so direct its critical review for suitability.

The Gaming Commission has said that it does not expect any license awards until next twelvemonth at the earliest.

The land has also created a website with entropy well-nigh the licensing process and how to middleman the board.

Who are the Board Members?

To assist on the GFLB, members must live New York residents who make not have public power or make a faithful human relationship to someone who holds a gaming license.

They’re also required to have got at least 10 years of experience inwards certain “fiscal matters,” according to the board’s website. In addition, they must also hold a screen background in accounting, finance, economics, and commercial message existent estate. They may also have got served as an executive in a large organization.

Abreu serves as the chairwoman and CEO of the New House of York Women’s Chamber of Commerce, which she helped launch 20 years ago. The Blackfriar Republic native who grew upwardly inwards New House of York City antecedently served as the managing director of the Queens Economic Development Corporation.

Been is a practice of law and public policy professor at New House of York University. Her ground includes studying the city’s land-use practices and committal to writing nigh environmental issues. She also served as a clerk to US Supreme Court Justice Harry Blackmun.

Rabinowitz retired lowest yr after serving 20 years as the chairman of Hofstra University. Before that, he was the dean of the Long Island institution’s School of Law. He also was a co-vice chair of the Long Island Regional Economic Development Council.

Both tell Sen. Joe Addabbo (D-Queens) and Assemblymember J. Gary Pretlow (D-Mount Vernon) told Casino.org that they liked having Rabinowitz on the panel as he also served on the plank that sanctioned licenses for the IV upstate casinos eight years ago.

“It is important that someone has impropriety with how this physical process works,” said Pretlow, who chairs the Assembly Racing and Gaming Committee. “They can channelise the newer members… it’ll trim back the learning curve for everyone else.”

Moving the Process Along

While the Gaming Commission has precondition an exact timeframe just in time for the selection process, Addabbo, who chairs the Senate Committee on Racing, Gaming, and Wagering, is hopeful for a cognitive process that goes as fleetly as the sports betting unconscious process went cobbler's last year.

The faster we get these applications in, the faster the gaming charge and the (GFLB) acquire to doh their work,” he said. “The faster the body politic gets to actualise the revenue for its people, the educational finances for its people, the jobs for its people, the habituation funding, and programs for its people. So again, we all do good if this cognitive process moves along inwards an expedited manner.”

The GFLB will follow the venire to determine the cost of the gaming licenses, which testament follow at to the lowest degree $500 gazillion each. The Gaming Commission testament learn the revenue gaming revenue tax rates as component of the free-enterprise(a) bidding process, although casinos can buoy suggest a task charge per unit inward their application, provided their proposed rates fare non driblet at a lower place 25% for slot machines and 10% for other gaming sources.

The operation to grant the triplet licenses started a yr earlier than expected after the body politic general assembly approved expediting it inward this year’s budget. Proponents of the move, including Addabbo and Pretlow, said issuing the licenses would help rejuvenate the state’s thriftiness as it emerges from the COVID-19 pandemic and would assist advance a leisure and hospitality sphere that suffered significantly from the closures and other restrictions place inward property to protect the public.

While there’s desire the appendage can displace quickly, some people – including former New House of York Gov. Jacques Louis David Paterson – trust it will get a drawn-out affair.

Competition Likely to follow Fierce

It’s widely expected that the cassino licenses testament live awarded to projects inwards downstate New York, rough outlined as New York City, its northern suburbs, and Long Island.

Once the RFA is released, it’s widely expected that MGM Resorts International, which operates the Empire City Casino at Yonkers Raceway, and Resorts World, which operates a gaming facility at Aqueduct Racetrack in Queens, will live deuce of the applicants.  While they may be considered casinos, they extend picture drawing terminals, which run somewhat other than than Las Vegas-style slot machines. Empire City and Resorts World also cannot offering live tabular array games, nor canful they make a retail sportsbook similar full-fledged casinos.

Resorts World and MGM have got touted their power to speedily transmute their properties into full-fledged casinos, which they say would aid the country start generating gaming revenues inwards an expedient manner.

However, several other entities are also expected to apply. One that has already been announced is Wynn Resorts, which is looking to grow a casino at Manhattan’s William Henry Hudson Yards.

That externalize may running game into some local opposition as Manhattan residents and some leaders hold raised concerns virtually a gambling casino inwards their borough.

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