Yonkers Mayor Mike Spano is urging the immediate approval of downstate casino licenses for two racinos, particularly highlighting the potential benefits of MGM Empire City. Amidst recent withdrawals by certain gaming operators from bids, Spano believes that the state should act promptly to capitalise on the economic opportunities presented by these established facilities.
Key Points
- Mayor Spano advocates for immediate licensing of MGM Empire City and Resorts World at Aqueduct.
- The racinos are ready to pay substantial application fees to the state, potentially generating millions in tax revenue.
- Withdrawal of Wynn Resorts and Sands from prior casino bids highlights increased competition and uncertainty.
- MGM Empire City aims to expand its facilities, creating up to 2,000 jobs and significantly increasing city revenue.
- The NYSGC is expected to announce license awards by December, with several bids currently under consideration.
Why should I read this?
If you’re interested in the ongoing developments within New York’s gaming industry, this article is a must-read! It discusses an urgent call for action that could drastically reshape the local economy. With the potential for new jobs and substantial tax revenue, understanding these proposals could be critical for residents and stakeholders alike. Plus, who doesn’t want to stay updated on the latest buzz around casino expansions?
