Racino operators at Aqueduct and Yonkers were expected to put in bids of at least $500 million each to try to win the right to open any of three new casinos in and around New York City, according to media reports this week.
The state Gaming Facility Location Board in New York approved the terms of engagement Tuesday. It opened the bid process for the three licenses lasting at least 10 years plus a requirement to invest another $500 million in the building of each casino.
Bidders have until Feb. 3 to declare their interest and send in questions to start the process. Some already have done so in what is expected to be a high-level competition between some of the biggest names in the worldwide gambling industry.
