Governor Hochul’s Budget May Create More Casinos in New York State

By John Isaac,
Editor at online-gambling.com

John Isaac Editor at online-gambling.com

John Isaac is an editor with many years of experience in the gambling industry. He writes expert articles on card games like blackjack and poker. In addition, he is also well aware of the US gambling laws and the Indian and Dutch gambling markets. You can rely on verified information and insightful details.

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Last updated: February 12, 2022

New York Governor Kathy Hochul recently announced her state budget for 2022, which includes measures to speed up the licensing procedure for these gambling establishments. This are fantastic news for anyone in New York who likes gambling in casinos as now they will have more options and, of course, also more fun!

New York State Casinos Gets Funding Raise

For the second year in a row, New York’s budget deals look set to bring good news for the betting business. Andrew Cuomo’s budget led to legalizing sports gambling in New York.

Currently, New York State Gaming Commission cannot issue licenses to more land-based casinos for one more year. However, Hochul’s budget will indeed lift the ban. It will enable the Gaming Commission to start accepting applications almost instantly.

According to Robert Mujica, Governor Hochul’s budget director, they are going to issue a filing order, and there will be a grand jury that will conduct a selection procedure that is basically open to casinos throughout New York. All three are likely to be in the middle of the competition in the state. He also explained that there are no limitations.

There are several choices to obtain one of the three licenses. Interestingly, some public plans also have futuristic elements.

Longtime Competitors in the Region

The New York State area already has some gambling facilities: Resorts World Casino in Queens and Empire City Casino in Yonkers. In addition to betting on horses, these operators also propose a limited number of slot machines.

The Class III operator license will enable them to extend the offer of this slot. In addition, they can add sports betting and retail table games. While these are the most likely candidates, there are many more.

Moreover, there might be much more casinos coming up in Queens. Casino operators survey land near Citi Field. New York’s Mets owner Steve Cohen is said to be in talks with the LV Sands Group about a gambling casino near the stadium.

Other possible locations being explored by Sands and other facilities include properties near St. George in Staten Island and near Belmont Park on Long Island. However, the noisiest preliminary proposal is indeed located nowhere else but in Manhattan.

Watch eSports and Trade Crypto

UE Resorts casino has publicized its plans for a casino in Manhattan. The designs include not only the world’s largest cryptocurrency exchange but also:

• A landing pad
• Arena for esports matches
• Venue for sporting events such as the US Open

The casino estimates the expense of construction by almost 3 billion dollars and calls the Mirai Casino the future of Japan, while the UE Resorts casino does not currently own any assets in the US.

It is too soon to say whether this offer or any other has the advantage over competitors. Given the size of the region’s population, competition can be expected to be fierce. However, this is are great news for New Yorkers who like to enjoy gambling as now their choices will certainly expand, and they also might bring gamblers from other states as well.