NYC casino bids

Biography

Companies in the New York City area is expected to receive State approval to open and operate three gambling casinos. Though the process has been described as competitive and subject to State oversight, multiple news outlets are already predicting that New York State officials plan to reward two existing racinos (Resorts World New York City at Aqueduct Racetrack and Empire City Casino at Yonkers Raceway) with gambling casino licenses, raising the spectre that the fix is already in, meaning, only one casino license is truly up-for-grabs in the State competition for bids. Each gambling license will generate at least $1 billion in combined fees and economic development for New York State.

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Yellow Flags

SL Green has hired Mayor Eric Adams' former chief of staff, Frank Carone, to promote its goal to build a casino in Times Square, "an effort that is likely to require city support," the New York Times has reported, raising the spectre of lobbying that is encumbered by a one-year ban.

In a lawsuit, Brian Flores alleged that The Related Companies and Miami Dolphins owner Stephen Ross offered to pay him to lose games "because Ross wanted to protect the team's draft pick," according to CBS News. Of course, an internal NFL investigation did not prove the allegations.

Though a three-person state Gaming Facility Location Board must receive and review applications before making recommendations to the state’s Gaming Commission, gaming industry executives are already expecting in advance that the Aqueduct Racetrack will receive a casino gambling license.

Although a three-person state Gaming Facility Location Board must receive and review applications before making recommendations to the state’s Gaming Commission, gaming industry executives are already expecting in advance that the Yonkers Raceway will receive a casino gambling license.

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Recent Media

Rolling the dice: A closer look at the 10 contenders seeking lucrative New York casino licenses [am New York]

Competition is fierce for new NYC casino license, here are proposals so far [The New York Daily News]

Jay-Z’s Roc Nation Joins Times Square Casino Bid Opposed By Broadway Producers [Deadline]

New Manhattan Casino Bid Includes a Ferris Wheel Near the U.N. [The New York Times]

Mayor’s former chief of staff joins SL Green’s Times Square casino bid [Crain's New York Business]

Eric Adams’ Aqueduct Casino Bid Scandal Interview Transcript Reveals Contradictions and Shaky Memory [The City]

Brian Flores: Dolphins owner Stephen Ross offered me $100K-per-loss tanking bribe [The New York Post]

Hudson Yards developer reveals revised $10 billion bid for casino [The New York Post]

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Potential Conflicts of Interest