If approved, the state Gaming Commission would establish a bidding process to apply for the licenses, similar to how four upstate casinos were picked in 2014. Setting off high-stakes negotiations among casino giants to get a foothold in New York City - the largest untapped gambling market in the nation. Kathy Hochul proposed a state budget last month that would move up the timeline, State law does not allow the new licenses to be given out until 2023, but Gov. So if we can do a conversion, then it’s a slam dunk for Genting and MGM.”
“We’re looking more toward conversion: if you can convert an existing facility to a full-fledged casino, then that would be acceptable,” said Assembly Racing and Wagering Chair Gary Pretlow (D-Mount Vernon).
