Seven new casinos to open in New York in 2014
The State Gaming Commission will oversee the approval and licensure of the applying casinos; the largest determining factor will be the projected economic results of the casino.
The State Gaming Commission will also be responsible for creating a Gaming Facility Location Board, which will be a group of five members who have no personal or political ties to the gambling industry. The Board will assess local support for the exact locations of the casinos; the referendum states that the first four casinos must be located somewhere upstate. Developers are looking at the Catskills, given its close proximity to Manhattan.
Geoff Freeman, president and CEO of the AGA, commented on the referendum, "We applaud the vote that will allow the expansion of gaming venues in New York. The gaming industry represents an engine of economic growth and a driver of innovation -- it creates high-quality jobs and new businesses, leads technological advancements, increases opportunities for local suppliers, supports tourism and raises property values."
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