New York Casino Contenders Summit in Full Swing
Twenty two applicants gathered in Albany for a mandatory meeting regarding 22 casino projects set for New York.This event allowed developers to meet with State gambling regulators over the construction of casinos in upstate New York.
The various applicants, who each had to submit a license application of $1 million for the 22 different projects, were given the opportunity to ask questions and to understand the requirements of the selection process that will take place over the coming months.
So far, four casinos have been authorized for the Albany-Saratoga area as well as the Southern Tier Finger Lakes region, the mid-Hudson Valley and the Catskills.
More than ten groups are bidding for the Catskills and mid-Hudson Valley projects.
Some of the questions at the top of the agenda include the legislative intent of the law allowing casinos, the New York Gaming Economic Development Act impact on the projects as well as the meaning of a resolution of support from a host community which an applicant must have in order to apply for a casino license.
Lee Park, a spokesman for the State Gaming Commission, noted that they want the entire process to be as transparent as possible for all applicants.