Review of NY casino applications begins
Tue, 01 Jul 2014 21:48:38 GMT —
New York state officials are sorting through 17 competing casino proposals, the start of a long evaluation process expected to last until the fall.
Development teams are vying for up to four upstate casino licenses. A decision on the winning sites is expected this fall.
The state's Gaming Facility Location Board will evaluate the applications based their economic impact, potential revenues to the state and local communities and the quality of the proposal.
Contenders include local investors and international gambling companies.
The casinos will be divided among three regions: the Albany-Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid-Hudson River Valley.
A decision on the winning bids is expected this fall. The final awarding of the casino licenses will be done by the state's Gaming Commission.