Genting Group to Bid for Upstate New York License
One of the world’s biggest casino operators, The Genting Group, has announced that it is hoping to receive one of the four licenses to run a casino in upstate New York. The company has paid the $1 million application fee to the state and is said to be considering several sites in the Catskill and Hudson Valley regions.Steve Neuhaus, the Orange County Executive, has said that Genting contacted the county and he is working with the company on finding a suitable location.
He said that he expects to have a total of five applications for casinos in the county including Genting’s.
Genting has said that it is in talks “with potential site owners, local town officials and countywide leaders about numerous possible sites in the Hudson Valley and Catskills regions”. The company said that it will announce its selection “in the coming weeks.”
At least 16 companies are thought to be applying for the upstate licenses. Caesars Entertainment has also bid for a license and has plans to build a $750 million complex in Orange County.
Despite the interest of these major operators to open a casino, some people are worried that the market is already saturated due to casinos or slot machine parlors opening in Connecticut, Maryland, New Jersey, New York, Pennsylvania, Rhode Island and Massachusetts.