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Casino
January 30, 2024
New York Downstate Casino Licensing May Be Delayed Further
The process for awarding three new downstate New York casino licenses may take significantly longer than initially expected. Previously, industry insiders and experts speculated that the bidding process for the licenses may open at some point this month. With the month passing and a range of processes left outstanding, it now looks less likely for […]
Industry
January 29, 2024
New York State’s Mobile Sports Betting Surpasses $3B Milestone
New York’s mobile sports betting industry has surpassed the $3 billion mark in operator revenue, according to the latest report from the New York State Gaming Commission. New York’s Betting Market Thrives with Robust Figures for Week Ending January 21 The figures for the week ending January 21 revealed a robust $47.5 million in adjusted […]
Sports
January 23, 2024
NY Gaming Commission Appointment Sparks Concerns over Potential Conflicts
New York Gov. Kathy Hochul has appointed Marissa Shorenstein, daughter of prominent gambling lobbyist Stuart Shorenstein, to the New York Gaming Commission, sparking concerns about potential conflicts of interest. Gaming Industry Watchdogs Question Shorenstein’s Board Appointment Stuart Shorenstein has a long history as an active lobbyist and advisor to various gaming firms, with his current […]
Casino
January 18, 2024
Nassau County Officials Accuse Hofstra of Coordinating with Casino Rival
Nassau County officials have leveled accusations against Hofstra University, alleging that the institution is colluding with a competitor to sabotage the Nassau Coliseum casino bid. Nassau County Executive Reveals Troubling Evidence of Hofstra’s Role in Casino Project Controversy Nassau County Executive, Bruce Blakeman, held a press conference on January 17, revealing that there is evidence […]
Industry
January 17, 2024
Online Casinos Don’t Make New York Budget Cut in 2024
January 8, 2024, marked the second year of legalized online sports betting for the market in New York. The activity broke all records for that period, with billions of wagers and significant proceeds to the state and the operators who hold a license. While sports betting surpassed even the brightest predictions, online gambling may not […]
Business
January 16, 2024
Bally Links Erases All Traces of Trump’s Legacy
As former President Donald J. Trump’s civil fraud trial entered its closing arguments in Manhattan, a notable change occurred at the Trump Golf Links at Ferry Point in the Bronx. The golf course, now under new management by Bally’s Corporation, underwent a rebranding event attended by Mayor Eric Adams, revealing an updated sign that reads […]
Industry
January 15, 2024
Freedom Plaza Project Faces Opposition from Manhattan Community Board
Amid the ongoing race for three new downstate casino licenses in New York, proposed projects are facing challenges related to the Uniform Land Use Review Procedure (ULURP). The city previously tabled a proposal that called to avoid procedures under ULURP that would require casinos to go through a review process related to the land use. […]
Industry
January 12, 2024
Sen. Addabbo Officially Files iGaming & iLottery Bill in New York
True to his word, Senator Joseph Addabbo introduced a new iGaming bill in New York. The measure, dubbed Senate Bill 8185 was referred to the Racing, Gaming and Wagering Committee yesterday and seeks to authorize interactive gaming and interactive lottery gaming in The Empire State. Addabbo, who’s a staunch supporter of the launch of online […]
Casino
January 11, 2024
S&P Warns of Financial Risks for Bidders in New York Casino Permit Race
As the race for New York City casino permits intensifies, potential operators find themselves facing a high-stakes gamble not only for the coveted licenses but also in terms of financial risk. A recent report from financial analysts at S&P Global Ratings suggests that successful bidders may find themselves shouldering substantial debt burdens. Major Players Vie […]
Industry
January 8, 2024
Senator Addabbo Announces Second Attempt at Legalizing iGaming in New York
A long-time supporter of regulated gambling, Addabbo is gearing up for a fresh push to legalize online casino gaming in New York, introducing legislation for the second consecutive year. Although his previous attempt failed to gain traction, the Senator is optimistic, noting that now is the perfect time for the state to recapture mobile sports […]
