New York moves forward with casino licensing deadline

New York moves forward with casino licensing deadline

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New York moves forward with casino licensing deadline

The Senate and Assembly have backed Senator Joe Addabbo’s efforts to set a tight timeframe for New York’s casino licensing procedure.

On June 7, state senators supported SB 9673 51-4, while the Assembly approved it 51-9, indicating that the legislation will be sent to Gov. Kathy Hochul for approval.

The bill, which Addabbo is the sponsor of, would set a deadline for choosing the three casinos in downstate New York. Although the New York legislature was scheduled to adjourn on June 6, they continued to meet in order to vote on the bill.

Considering that Hochul has already supported the growth of retail casinos, it is thought likely that she will accept the law. Before the bill could pass, Addabbo inserted an amendment requiring the New York Gaming Facility Location Board to recommend downstate casino locations by December 31, 2025.

March 31, 2026, would be the last day that licenses could be granted. With just two weeks remaining in the legislative session, Addabbo’s first proposal—introduced on May 17—had a deadline of one year earlier.

Additionally, SB9673 permits interested developers to apply for casino licenses even while they are still settling land use disputes, which could result in a much quicker approval process than the deadline of March 2026. The applications can be reviewed until August 31, 2024, according to the amended bill. Addabbo projects that the licensing costs for three additional casinos alone may generate up to $3 billion, assuming developers will pay up to $1 billion for each license.

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