At the end of 2022, the New York State Gaming Commission announced that the Gaming Facility Location Committee will first assemble on its first working day in 2023. The committee will comment on where the state's new Downstate casino will be located. And the first meeting will be held Tuesday afternoon in New York, where we will consider requesting an application.

In April 2022, the Empire State Legislature officially included expedited processing of three down state casino licenses in its budget. This would allow three new full-fledged commercial casinos to start in New York City or other parts of the Down State area. By including it in the budget, we have moved the process forward by a year.

In addition to reviewing possible locations, the board is also tasked with discussing the usage fees for casinos and the minimum investment required for the proposed development. State Senator Joseph Adabo, a Queens Democrat, previously predicted that applicants' fees could reach at least $500 million each.

The upcoming GFLB panel meeting was held a long time ago as the New York State Gaming Commission announced its first three positioning committee members in October 2022. This essentially specified a 90-day period for the state to develop a solicitation that required an offer from a candidate to participate in the licensing competition process.

In addition to the RFA, there are some important steps that the Commission must take before making a decision. One of them is for candidates to gain at least two-thirds support from the Community Advisory Council for their position. The committee will consist of officials and local commissioners to be appointed by Governor Hochul. Applicants will also need approval for zoning.

If the bid can pass both requirements, the GFLB will consider the impact on revenue generated from existing facilities and other proposed casinos. After the board has a say, the New York City Sports Council will have a final vote on the issue. The fastest casino location is expected to be approved at the end of the new calendar.

Although numerous companies have expressed interest in getting a Downstate casino license so far, Resort World New York City and Empire City casinos are guaranteed to get nearly two. Other stakeholders include real estate developer Stefan Soloviev. He has expressed interest in establishing a casino south of the U.N. building in Manhattan and has already begun discussions with potential partners.

Other important candidates are United SL Green, Caesars Entertainment, and Roc Nation. The trio want to develop Caesars Palace Times Square and have gained local support recently. In late December, their bid was supported by theater workers, musicians, small business owners, hotel operators, and construction unions.

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