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Without question, the three winning bids will have the potential to reshape the socioeconomic landscape of the New York City metro area. Currently, only video lottery terminal (VLT) wagering is available in this region at places like Resorts World New York City Casino at Aqueduct Racetrack and MGM Empire City at Yonkers Raceway — with the parlors helping to support the horse racing industry statewide. In order to make this happen, the group is working with legislators to get a bill passed to amend the South Carolina Code of Laws. It aims to establish the ‘South Carolina Gaming Commission’ to award casino licenses in certain counties. A handful of speakers supported the zoning change, but those who did highlighted the potential economic benefits of the Sands Corp. proposal.
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The two “racinos” at Aqueduct and Yonkers Raceway appear to be favorites for winning two of the three downstate casino licenses. They have both been in operation for more than a decade and have made hundreds of millions on the VLT slot machine-like devices at each location, but introducing table games at both locations would make both ventures even more lucrative. Bids were submitted back in 2023 after state lawmakers approved the opening of three downstate casinos, each of which would feature full gaming tables for roulette, blackjack, poker, and other high-stakes action. The state is expected to finally award those three licenses at the end of 2025, and the highest-rolling entities are staking big bets that they will be one of the three lucky winners at the end of the vetting process. Ensuring that you play at an online casino site in the US that is regulated and meets the requirements set out by law is vital for player safety.
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The amended zoning proposals with no gambling portion passed in two separate 6-3 votes. Another factor, he explained, was the uncertainty of when or if gambling would be legalized in Texas. The Texas Legislature would need to vote to send a constitutional amendment to voters state-wide for consideration.
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Some framed their opposition in religious terms and argued gambling would undermine the city’s family-friendly character. An official with University of Dallas, which would neighbor the resort, was among those to voice concerns about the plans. More than 170 people signed up to speak before the early Friday vote, with every speaker either criticizing Sands Corp.’s proposal or the city’s process. It is a good start, but having a license from a good regulator does not automatically guarantee that a casino will treat you well. At the same time, having a license from a bad regulator does not mean that the casino will be unfair and try to scam you. There are good and bad casinos on both sides of the licensing spectrum.
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The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan. Licenses will be good for a minimum of 10 years and a maximum of 30 years. The bidders include some of the state’s wealthiest interests, often in partnership with major gaming outlets across the country — stretching from Connecticut to Las Vegas.
Metropolitan Park would be created on a 50-acre piece of parkland that has been used as a parking lot since the 1939 World’s Fair — as well as for events such as carnivals and a variety of other public uses. Steve Cohen, the billionaire owner of the New York Mets, has floated the possibility of building a casino as part of an entertainment complex on the 50-acre asphalt parking lot next to Citi Field. Related Companies, a New York City real estate giant, and Wynn Resorts are looking to build a casino from the ground up in an undeveloped area of Hudson Yards, located on the Far West Side of Manhattan.