Posted on 12/01/2025 8:58:14 AM PST by DFG
Gamblers will soon be able to roll the dice in New York City.
A state board on Monday awarded three licenses to operate the first Vegas-style casinos in New York City that are expected to generate billions of dollars in tax revenues, jobs and economic activity — two in Queens and one nearby in The Bronx.
The New York Gaming Facility Location Board, in a 5-0 vote, approved licenses to all three finalists:
Mets owner Steve Cohen and Hard Rock’s Metropolitan Park gaming complex near Citi Field.
The Genting Group Resorts World’s slots parlor’s expansion to offer table games next to Aqueduct Racetrack.
Bally’s bid to open a casino on the property of President Trump’s former golf course at Ferry Point near the Whitestone Bridge in the Bronx.
The state Gaming Commission has the final say, and will decide whether to ratify or reject the proposals by year’s end.
Each winning bidder is required to pay a $500 million license fee up front — the admission price for the right to operate a casino.
The $1.5 billion in license fees will go to the MTA.
A pool of what was once 11 bidders has dwindled to three. All the flashy proposals in Manhattan including in Times Square and Hudson Yards were shot down or withdrawn because of community opposition.
The board members noted that the casinos will generate billions in tax revenues as well as thousands of jobs.
The report said the city’s dense population plus domestic and international tourism could support three casinos.
All the bidders will build a concert hall, a hotel and offer bars and restaurants.
(Excerpt) Read more at nypost.com ...
IF I were Trump, I would not do any new business in New York. They have proven that they are out to get him and will use his bid or him winning a bid to go after him again.
Sin City living up to its name
Would not increase my interest of visiting the rotten apple.
Gee, what would make me want to go to NYC less? Casinos!
At least it would suck some of the business out of southern CT.
I’m old enough to remember when legal gambling was restricted to horse and dog races, a few ‘card clubs’ and, of course, Nevada. Now it seems to have extended just about everywhere and people can now bet on almost everything, including what pitch a pitcher throws in the 3rd inning.
Has it improved the quality of life? I have my doubts. Here in MO we get ads saying, “Fan Duel is coming to Missouri! Oh Yeah! Bet $5 and get $50 credit” Makes me think of, “The first one is free’”.
IF I were Trump, I would not do any new business in New York. They have proven that they are out to get him and will use his bid or him winning a bid to go after him again.
You missed this from the article.
As part of the deal to acquire the lease to the Ferry Point property, Bally’s has agreed to pay the Trump Organization $115 million if it won the right to operate a casino.
If someone wants to pay me $115 million for property in the South Bronx, I am taking it all day long.
It is to keep the gambling addicts in NYC from going to Atlantic City, CT, or other out of NYS gambling venues.
Foxwoods and Mohegan Sun in eastern CT killed the Atlantic City casinos because people would much rather drive to CT to gamble, see a show and play golf than going to Jersey.
Sure it will...
The amount that will go to bribes, theft, and islam boggles the mind...
One purpose of legalized gambling is to take money away from taxpayers via the poor people who the taxpayers were first forced to give it to.
I’ve been in the Foxwoods high stakes area multiple times — it gets LOTS of gamblers from NYC — There was one man playing Blackjack at his own table, he was playing five hands each time.
He had at least five tokens on each hand, with the minimum bet per hand of $10,000, hence he was playing at least $250,000 per hand.
CT gaming compact with the native tribes: The native tribes guaranteed the state of CT $100,000 minimum per month (as a minimum) per month on ‘take’ from gaming machines, and the amount has increased as it was a minimum guarantee. The table games are NOT taxed.
If these ‘gamers’ start playing in NYC there will be significant revenue brought in from the table play that CT does not receive...
Great. So Muzzie Han Gruber Madmani has decided to run NYC like an Indian Reservation. That’s a start I guess.
“… two in Queens and one nearby in The Bronx.”
What does AOC have to say about this? She was against Amazon building in her district, but casinos are OK? Casinos do have more cash to spread around, I guess.
Citifield is not in her jurisdiction. The area’s elected officials save one were enthusiastic in their approval though I must admit I am not. Steve Cohen current Mets owner had this in mind when he bought the franchise. The previous owners the Wilpons took the land opposite Citi, a swamp of chop shops, and are building apartments, shopping and a K-6 school. I don’t know if a casino up there in lights within shouting distance of a K-6 school and 1200 residence apartments is a good idea.
It sure as hell isn't going to taxpayers.
Eventually, you'll think the states will wise up and ban gambling again.
What happens when Madmani says no?
Near Citifield. I guess they’re going to go after the chop shops and junkyards again. Cuomo tried that decades ago.
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