The Latest News on the New Casinos in New York

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With downstate casinos currently in the bidding process and the potential for online New York casinos in 2024, the future looks bright for the Empire State.

Meanwhile, as everyone in the Metropolitan area eagerly awaits progress in the downstate casino process, several proposals have already been announced for consideration. One of these is the Coney Casino & Resort Entertainment District in Brooklyn, which recently updated the community on its local support.

new york sports betting

For more details, continue reading more below to learn the latest progress of the new casinos in New York.

The Who’s, the What’s, and the Where’s of New Casinos in New York

A range of well-known groups, including Caesars Entertainment, Wynn Resorts, Silverstein Properties, Hudson’s Bay Company, Soloviev Group, Bally’s, Genting Group, Hard Rock, Las Vegas Sands, and MGM Resorts, have expressed their ambitious plans for obtaining downstate casino licenses. The proposals from these groups vary widely, with some planning to redevelop existing properties and others aiming to construct entirely new complexes.

Regulatory Steps and Procedures for NY Casinos

State gambling regulators have released a 103-page report addressing 613 questions submitted by the 11 applicants seeking one of three available downstate NY casino licenses. The report covers different topics, from construction costs and licensing fees to Community Advisory Committees and planned diversity efforts.mgmresorts ny

Although this question-and-answer process started in February 2023 and was supposed to be over by now, the remaining questions are yet to be published, which is delaying the process.

In the meantime, as we await the next steps, let’s take a closer look at the 11 groups with ambitions to build their own casinos:

Manhattan:

  • Caesars Entertainment with Jay Z‘s Roc Nation and SL Green Realty:
    Proposal: Build a casino in Times Square with nearly 1,000 hotel rooms, around 250,000 square feet.
  • Wynn Resorts and Related Companies:
    Proposal: Develop in Hudson Yards, near 11th Avenue and the Javits Center, a 1,500-room hotel with over 20 restaurants, nightclubs, and other amenities.
  • Silverstein Properties and Greenwood Gaming and Entertainment:
    Proposal: A development called ‘Avenir‘ in Hudson Yards, nearer to Hell’s Kitchen, featuring two buildings connected by a sky bridge, 1,000 hotel rooms, low-income apartments, shopping, dining, and more.
  • Hudson’s Bay Company:
    Proposal: Convert the top three stories of Saks’ flagship store into a high-end casino covering about 200,000 square feet, with a casino-only entrance.
  • Caesars Entertainment with Jay Z's Roc Nation and SL Green RealtySoloviev Group and Mohegan Gaming:
    Proposal: A development near Freedom Plaza featuring a Ferris wheel, a casino, a hotel, and four acres of parks and sports fields on land already zoned for commercial and residential development.

The Bronx:

  • Bally’s: Proposal: Build a casino on 17 acres currently part of the Trump Golf Links course in Ferry Point.

Brooklyn:

  • Thor Equities Group, Saratoga Casino Holdings, The Chickasaw Nation, and Legends Hospitality:
    Proposal: A development in Coney Island featuring a casino, a hotel, a new roller coaster, and a new museum.
    Support: The New York Yankees, who own a piece of Legends, support this proposal.

Queens:

  • Genting Group’s Resorts World NYC at the Queens Aqueduct Racetrack:
    Note: This is one of the two racinos believed to have an advantage in acquiring a license despite the struggles of the Resorts World Catskills casino.
  • Hard Rock Willets PointHard Rock Willets Point:
    Proposal: Steve Cohen, the owner of the New York Mets, is pushing to construct a casino on the site where parking is currently available during Mets games.

Nassau County:

Westchester County:

  • MGM Resorts International’s Empire City Casino in Yonkers:
    Note: This is the other racino believed to have a leg up. The company already owns plenty of adjacent real estate to build its plans.

Ultimately, the approval of each applicant will depend on various factors, including their proposal’s strength, financial stability, and commitment to responsible gambling and community development. The New York State Gaming Commission will likely only approve the strongest proposals because the process is so competitive. We will just eagerly have to wait and see who gets the new casinos in New York!

Manhattan Would Be A Logistical Nightmare

However, while many proposals are on the table, the likelihood of a casino being built in Manhattan is slim due to the existing issues with traffic and construction. Manhattan is already one of the most congested areas in the world, with a dense population, heavy traffic, and ongoing construction projects. For example, building a new casino in Times Square would worsen these issues and create a logistical nightmare.

Manhattan casinos

The construction process itself would cause significant disruption. It would involve not only the actual building of the casino but also the infrastructure improvements needed to support the increased traffic and activity that the casino would bring.

This could include road widening, upgrades to public transportation, and enhancements to pedestrian areas, all of which would add to the already considerable strain on the city’s infrastructure.

Moreover, Times Square is one of the most iconic and visited places in the world, attracting millions of tourists each year. Adding a casino to this area would increase the number of visitors even further, leading to overcrowding and putting additional pressure on public services and amenities.

Finally, there is also the matter of public opinion. Many Manhattan residents and business owners are already opposed to the idea of a casino in the area due to the potential negative impacts on the community, such as increased crime, noise, and traffic congestion.

Coney Island Casino Proposal Gains Momentum

On the other hand, the prospect of downstate casinos in New York has led to several proposals being put forward by different entities, creating a buzz of excitement in the Metropolitan area. One proposal that has gained significant traction recently is The Coney Casino & Resort Entertainment District in Brooklyn.

coney island ny

The team behind this proposal, including Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation, and Legends, has been actively engaging with the local community in Coney Island and South Brooklyn for several months.

Through a well-organized campaign, the team successfully gathered over 10,000 signatures from local residents to support the project. This impressive support was documented in a petition, which emphasized the potential benefits of the proposal for the local community.

Specifically, the petition highlighted the opportunity for job creation, new economic growth, and year-round economic opportunities, all of which have been lacking in the area for decades. The petition also called upon elected representatives and leaders to support the project and the associated job and career training opportunities it would bring to the area.coney island casino

A Bright Future for Coney Island

The Coney Casino proposal commits to creating 4,000 permanent gaming and hospitality jobs, and local hiring efforts, including recruiting and local community job fairs, will fill these positions.

This initiative aims to cultivate long-standing, fulfilling careers in entertainment and hospitality for local residents. According to Robert Cornegy, a consultant for the project, the support from the community is obvious.

Cornegy expressed the widespread belief among Coney Island and South Brooklyn residents that the project would lead to better public safety, student investments, and more economic opportunities, all of which are crucial for revitalizing the community.

Meanwhile, as the New York State Gaming Commission (NYSGC) prepares to address the first round of questions from applicants at its next monthly meeting in September, the anticipation is palpable. With its strong community backing and promise of substantial local benefits, the Coney Casino proposal represents a hopeful future for Coney Island and the broader South Brooklyn area.

Senator Addabbo’s Efforts and Commitment to Responsible Gambling

New York State Senator Joseph P. Addabbo Jr. has been an important figure in the effort to bring regulated online sports betting to New York.

Serving as the chairman of the New York State Senate’s Committee on Racing, Gaming, and Wagering, Addabbo has consistently advocated for the gambling industry.

He contributed to New York collecting over $500 million in tax revenue from mobile sports betting in less than a year, and the funds were later allocated to educational systems, problem gaming services, and youth sports programmes.

As a result, while the success of mobile sports betting continues, Addabbo and other experts are speculating that online casinos (iGaming) could be the next step for New York.casino proposals new york

Addressing Problem Gambling

Senator Addabbo is deeply aware of the severity of problem gambling, an issue that affects millions of Americans each year.

The National Council on Problem Gaming estimates that approximately 2 million adults in the United States meet the criteria for severe gambling problems annually, with an additional 4 to 6 million American adults experiencing mild or moderate problems.

If you ever suspect that you can’t control your gambling habits, don’t hesitate to reach out to the National Problem Gambling Hotline at 1-800-522-4700. The call is confidential, and you can stay anonymous if you wish. The phone hotline is available 24/7/365, but it’s also possible to text the number 1-800-522-4700 or enter the website chat here.

Recognizing the gravity of this situation and the fact that September is both Responsible Gaming Education Month and Recovery Month, Addabbo is taking proactive steps to address this issue.

A Longtime Supporter of NY Responsible Gambling

Senator Addabbo has a long history of supporting both responsible gambling and the growth of legal gambling. He believes that legal gambling is a more effective way to address problem gambling than illegal gambling, as legal operators can identify gamblers in trouble and connect them with the necessary resources to get help.  Senator Joseph P. Addabbo, Jr. is hosting a virtual discussion focusing on educating people about problem gambling and connecting those in need with organizations that can help.

Addobo 1B education

Unfortunately, despite facing legislative setbacks, such as the veto of a bill that would have established and funded a Problem Gambling Advisory Council, Addabbo remains committed to the cause.

He believes in supporting the expansion of legal gambling options in New York as well. He thinks that the revenue generated from such activities can strengthen programs that prevent and address gambling addiction, improve education, and support various state funding needs.

Online Casinos in New York

Looking ahead, while online sports betting has been a massive success in New York, online casinos are not yet legal. However, with the success of online sports betting and the potential for significant tax revenue, lawmakers may consider legalizing online casinos in 2024. If online casinos are legalized, it is expected that Caesars, MGM Resorts, and Resorts World will apply for licenses.

If you want to stay updated on the latest casino news in New York, make sure to follow OnlineGamblers.com.

New York is considering the legalization of online casinos in 2024, following the success of online sports betting, and several well-known groups, including Caesars, MGM Resorts, and Resorts World, are expected to apply for licenses if it is legalized.

The approval of each applicant will depend on various factors, including their proposal’s strength, financial stability, and commitment to responsible gambling and community development.

Building a casino in Manhattan would worsen existing issues of traffic, construction, and overcrowding, and could face opposition from residents and business owners due to potential negative impacts on the community.

The Coney Casino proposal has gained significant traction and community support, with over 10,000 signatures from local residents supporting the project for its potential to bring economic opportunities, job creation, and revitalization to the community.

Senator Addabbo has been an important figure in bringing regulated online sports betting to New York, and he continues to advocate for the expansion of legal gambling options while also addressing the severity of problem gambling.

New York collected over $500 million in tax revenue from mobile sports betting in less than a year, which was later allocated to educational systems, problem gaming services, and youth sports programmes.

Lawmakers may consider legalizing online casinos in 2024, as online sports betting has been a massive success in New York and the potential for significant tax revenue is substantial.

The Coney Casino proposal promises to bring job creation, new economic growth, better public safety, student investments, and more economic opportunities to the Coney Island and South Brooklyn area.

State gambling regulators have released a 103-page report addressing 613 questions submitted by the 11 applicants seeking one of three available downstate NY casino licenses, but the remaining questions are yet to be published, which is delaying the process.

Many Manhattan residents and business owners are opposed to the idea of a casino in the area due to the potential negative impacts on the community, such as increased crime, noise, and traffic congestion.

Catie Di Stefano has worked in the gambling industry since 2011 for major brands like Hard Rock Hotel & Casino, Gaming Innovation Group and Betsson Group. She started in customer support at age 19 and has since worked her way through VIP, CRM and Marketing. Today, Catie is passionate about educating players on consumer rights and the best approaches for legal play in the United States as the Director of Community Marketing at OnlineGamblers.com. Catie was born in Indonesia but grew up in Sweden. Currently, she resides in Spain with her two daughters.

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