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Business
September 29, 2023
Bally’s Lease Deal with the Trump Organization May Cost $100M
Earlier this month, the Trump Organization considered leasing the Trump Golf Links Ferry Point, a city-owned golf course in the Bronx to Bally’s. The casino giant continues its negotiations with the Trump family, with a New York casino license on the line. According to an earlier report, the golf course lease would be handed to […]
Casino
September 13, 2023
Newsday Criticizes Slow Process for Downstate NY Casinos
Last year, New York confirmed plans for the development of three new downstate casinos. This sparked debate as many operators saw the potential of this opportunity, while local communities sought to determine how they would be impacted by the casinos. The development of those projects would also bring economic stimulus for different regions, offering temporary […]
Casino
August 31, 2023
NY Gaming Facility Board Answers Inquiries in a 103-Page Document
After several months of waiting and guessing, casino companies and interested parties finally have some of their answers about New York’s upcoming casino licenses. In a 103-page document dubbed Round 1 – Questions and Answers, the New York Gaming Facility Location Board addressed some of the hot questions. Going over a whopping 613 questions, the […]
Sports
August 22, 2023
Gambling Firms Backing Children’s Sports Sparks Controversy Among Parents
Amid the fervent competition to secure licenses for New York City’s inaugural casinos, developers are undertaking unconventional strategies to garner local support, but this turns out to be a move sparking parental discontent. Casino Sponsorship of Kids’ Basketball Camp Ignites Ethical Controversy This summer, a basketball camp held at Coney Island’s Kaiser Park was emblazoned […]
Casino
July 4, 2023
Controversy Surrounds Casino Negotiations Involving Gov. Hochul’s Office
Gov. Kathy Hochul of New York has stressed yet again her detachment from the ongoing negotiations between her office and the Seneca Nation concerning a potential casino in the Rochester area. However, she emphasized that she is not directly participating in the negotiations, the timing decisions, or engaging in discussions with external individuals regarding this […]
Casino
June 26, 2023
Silverstein and Greenwood Enter the Race for a New York Casino License
Leading real estate development and investment firm Silverstein Properties, and Greenwood Gaming and Entertainment, a prominent casino operator, have announced their intentions to bid for a commercial casino license in downstate New York. The collaboration between these two companies brings them in direct competition with other high-profile operators hoping to obtain one of the limited […]
Casino
June 19, 2023
Developer Defends Controversial Coney Island Casino Project
The company estimates its casino resort would bring approximately 4,000 jobs to the area along with other economic benefits. However, many locals have rallied against the project, concerned about the social costs inherent in a high-profile gambling venue. Such ongoing controversy may affect the planned casino’s chances of obtaining one of the limited New York […]
Industry
June 16, 2023
New York: Seneca Nation Gaming Compact Raises Concerns
The Seneca Nation is planning the renewal of its gaming compact with New York State and the negotiations continue to gain traction. Previously, the compact received the approval of the state Senate, yet, the Assembly would also need to vote and possibly approve the gaming compact. In light of this, lawmakers from Rochester recently met […]
Legal
June 15, 2023
MGM Disputes Accusations of Exploiting New Yorker’s Gambling Addiction
MGM Resorts International is refuting allegations made by Sam Antar, a New York City man who claims that MGM took advantage of his gambling addiction. MGM argues that Antar is a convicted fraudster who has victimized multiple individuals in the past and is now attempting to falsely accuse the company. MGM Resorts Files Response and […]
Industry
June 12, 2023
New York Sports Betting Revenue Surges in May
The latest figures from the New York State Gaming Commission reveal a remarkable $151.9 million in revenue, demonstrating the robust demand for sports betting and the enduring engagement of local bettors. The sector’s substantial momentum indicates a market that still has the potential to grow as operators consolidate their positions and fight the competition despite […]
