ALBANY, NY (NEWS10:) — The New York Board of Gaming Amenities has launched the factors it plans to make use of to find out the way it will grant as much as three on line casino licenses. The board launched the appliance doc on Tuesday and set the license price for every new location at $500 million.
On line casino licenses turned out there after being included within the 2022 state finances. These are the licenses left over from a 2013 constitutional modification that allowed the state to supply seven licenses.
After the modification was voted on, the state permitted 4 casinos within the state. The remaining licenses are anticipated to go to downstream developments.
Candidates will likely be evaluated primarily based on their potential financial efficiency, impression on surrounding communities, workforce and accountable gaming plans, and their dedication to range. The financial impression issue would be the highest precedence, accounting for 70% of the applicant’s rating.
There isn’t any official deadline for submitting purposes but. As an alternative, the board set a Feb. 3 deadline for questions from events. There’ll then be a second spherical of questions and the official software deadline will likely be 30 days after the board releases the solutions to the second spherical of questions.
Whereas the board will suggest which initiatives ought to obtain permits, that is not the one step within the course of. Candidates should obtain the assist of two-thirds of the native board, which can embody appointees of Gov. Kathy Hochul, native officers and state legislators. Initiatives should additionally receive native zoning approvals.
The recommendation welcomes public enter and can take into account all public feedback acquired through the course of. It is a request for purposes out there on the board’s web site.