New York’s bid to award up to three licenses for full-fledged casinos advanced on Tuesday after officials unanimously voted to formally solicit applications, with an asking price of $500 million for each license.
The state Gaming Facility Location Board voted to open up the application process for a full-fledged casino, which would allow live table games and create more tax revenue for the state.
The board will review each application and consider several factors, including how many jobs a prospective operator plans to create, how much revenue a casino expects to bring in, and a commitment to contract with minority and women-owned business enterprises. Jobs generated by casinos must also pay a living wage.
