Lawmakers push to speed up NYC casino licensing timetable: ‘We’re leaving $2B on the table’

Lawmakers push to speed up NYC casino licensing timetable: ‘We’re leaving $2B on the table’

Article brief provided by New York Post
  • Carl Campanile, New York Post
May 19, 2024 4:43 PM

Two state lawmakers say it’s time to roll the dice on awarding casino licenses in the New York City area and are backing a bill that would speed up the current much-criticized timetable.

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Sen. Joseph Addabbo (D-Queens) and Assemblyman Gary Pretlow (D-Mount Vernon) are pushing a proposed law in the waning days of the state legislative session that would require bids to be submitted by July 31 of this year and the gaming commission to approve the three casino licenses by March 31 of next year.

The state gaming commission recently announced that the casino licenses wouldn’t be awarded until Dec. 31, 2025, triggering denunciations including from a top Sands casino official who wants to open a gaming facility at the Nassau Coliseum hub in Uniondale, LI.