New York state regulators to license 3 upstate casinos, expanding crowded market

Members of the Facility Location Board are subject to procurement lobbying provisions in N. Town of Liberty and Village of Liberty. Completed forms should be emailed to Kristen. Board Members must be a resident of the New York and cannot be an elected official. The Facility Location Board and the Commission both have independent authority to conduct public hearings concerning applicants for gaming facility licenses as well as the overall conduct of gaming. All Applicant information is provided "as is," with no guarantee of completeness, accuracy, timeliness or any other aspect of this information, and without warranty of any kind, express or implied, including, without limitation, warranties of performance, merchantability and fitness for a particular purpose.

Casinos in New York State

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Still, it's not clear how much the new casinos will siphon business — and with it tax revenue — from New York's existing casinos. This has been a particularly heated controversy involving the planned Lago Resort and Casino in the Finger Lakes and its potential competitors. The market also is getting crowded in neighboring states. Beyond casinos, one potential stream of lucrative gambling revenue could come from daily fantasy sports games like those run by FanDuel and DraftKings.

But state Attorney General Eric Schneiderman claims their businesses are illegal gambling operations and a judge has temporarily banned them from taking bets from New Yorkers. Gary Pretlow, who leads the Committee on Racing and Wagering, predicts that New York will end up legalizing and regulating daily fantasy sports — no matter how the court fight turns out.

Pretlow said taxing daily fantasy games would keep them on equal footing with other forms of legal gambling and would help pay for the regulators to make sure the games are being run fairly. State regulators are expected to license three new casinos in upstate New York on Monday. The proposed Montreign Resort Casino is among several being considered as the market expands.

The Daily News Flash Newsletter. The following dates are established for informational and planning purposes. The consultant, which was procured through a separate Request for Proposal, has subcontracted with financial advisory firm Christiansen Capital Advisors, investment bank Houlihan Lokey and gaming facility consultant Macomber International, Inc.

Additionally, the Facility Location Board may retain attorneys, accountants, auditors and financial and other experts to render necessary services, as well as Commission and other state agency staff as necessary to assist in its mission.

The Facility Location Board and the Commission both have independent authority to conduct public hearings concerning applicants for gaming facility licenses as well as the overall conduct of gaming. Applications for licenses are to be public records; provided however, that N. As a condition of filing, each applicant must illustrate to the Board's satisfaction that local support has been demonstrated.

If the Commission determines no applicant has met the eligibility criteria or the Board finds that no applicant has provided substantial evidence that its proposal will provide value to the region: The Resort Gaming Facility Location Board will evaluate applications on the following scale and issue a finding on each. Economic activity and business development factors 20 percent: Local impact and siting factors 10 percent: In order to receive a gaming license, the successful applicant must: A Resort Gaming Facility Location Board, appointed by the Commission, will evaluate casino applications and ultimately make selections of who is eligible to apply for a commercial gaming license in New York State.

To be eligible, members of the Facility Location Board must meet a strict series of requirements. In particular, the Facility Location Board will:.

Members of the Facility Location Board are subject to procurement lobbying provisions in N. The members receive no compensation other than expenses incurred in carrying out their duties. As mandated in the Act, Board members must possess ten or more years of responsible experience in fiscal matters, plus significant service:. Board Members must be a resident of the New York and cannot be an elected official.

In addition, the Gaming Commission has determined that Facility Location Board Members should reside outside of the eligible casino zones.

Your browser does not support iFrames. The Siting Process The following dates are established for informational and planning purposes for the Request for Application - Region 5.

Request for Application The Request for Application must contain the following elements: License Applicant Eligibility As a condition of filing, each applicant must illustrate to the Board's satisfaction that local support has been demonstrated. Gaming Facility Location Board A Resort Gaming Facility Location Board, appointed by the Commission, will evaluate casino applications and ultimately make selections of who is eligible to apply for a commercial gaming license in New York State.

Board Responses to First Questions. Oral Presentations of Applications.

July 6, 2015 Applicant Materials & Presentations