The process for bidding on casino licenses in New York City is facing significant delays, with the New York State Gaming Commission revealing a new timeline that extends the issuance of gaming licenses until the end of 2025. The delays are attributed to the necessity of a citywide zoning proposal being passed before the commission will consider accepting bids at least until next year. This requirement is in place to ensure fairness in the competitive bidding process, as evaluating applications before bidders have navigated zoning and community processes would be deemed unfair. The application deadline for these licenses will likely not be set until next year, indicating a prolonged timeline for the establishment of casinos in NYC.
Thread for those interested in the arduous NYC casino process and timeline. Like Bruno Caboclo, feels like we're two years from being two years away. https://t.co/bITc5SUkwu
“Preemptively evaluating applications before certain bidders fully deal with zoning and community processes would be unfair, and thus no longer the type of ‘competitive’ bidding designed by the Legislature, the commission indicated.” https://t.co/2s5EcNDaIr
For those excited about a casino coming to NYC, you better get patient. Gaming Commission reveals new timeline to potentially issue gaming licenses - they won’t be issued until the end of 2025. Applications for those licenses will likely not be due until next year. https://t.co/W6YGZb4yY1
NYC casino update: Be patient.
Flashback to 2014, when applicants for Upstate casinos came in - hundreds of boxes, thousands of pages for each applicant. https://t.co/S1zwdoLHse
New: NYS Gaming Commission confirms it likely won't be accepting NYC casino bids until *at least* a citywide zoning proposal passes. I looked into why the biding process has been delayed and why NYC won't get a casino for many months, if not years. https://t.co/8DVs55CIJc
Why New York’s casino bidding process will continue to face delays https://t.co/D7rtmSNX99