New York Casino Licenses: Everything You Need to Know
New York is one of the most populous states in the United States, and it is also home to a number of major casinos. The state has a long history of gambling, and it is one of the few states in the country where casino gambling is legal.
In this article, we will discuss everything you need to know about New York casino licenses. We will cover the different types of licenses that are available, the application process, and the fees involved. We will also provide information on the different casinos that are operating in New York State.
Types of Casino Licenses in New York
There are three different types of casino licenses that are available in New York State:
- Resorts casino licenses: These licenses are issued to casinos that are located in resort areas. Resorts casinos can offer a wide range of gaming options, including slot machines, table games, and poker.
- Catskill casino licenses: These licenses are issued to casinos that are located in the Catskill Mountains. Catskill casinos can offer a limited range of gaming options, including slot machines and table games.
- Off-track betting licenses: These licenses are issued to businesses that offer pari-mutuel wagering on horse racing. Off-track betting facilities can be located anywhere in New York State.
Application Process for New York Casino Licenses
The application process for a New York casino license can be complex and time-consuming. The first step is to submit an application to the New York State Gaming Commission. The application fee is $100,000.
The Gaming Commission will review your application and conduct a background check on you and your business partners. If your application is approved, you will be issued a letter of intent.
The next step is to submit a detailed plan for your casino. This plan will include information on the location of your casino, the size of your casino, the types of gaming that you will offer, and the number of employees that you will hire.
The Gaming Commission will review your plan and make a decision on whether to issue you a casino license. The decision-making process can take several months.
Fees for New York Casino Licenses
The fees for New York casino licenses vary depending on the type of license that you are applying for. The fees for resorts casino licenses start at $5 million. The fees for Catskill casino licenses start at $2 million. The fees for off-track betting licenses start at $1 million.
Casinos Operating in New York State
There are currently three casinos operating in New York State:
- Resorts World Catskills: Resorts World Catskills is a resort casino located in the Catskill Mountains. The casino offers a wide range of gaming options, including slot machines, table games, and poker.
- Rivers Casino & Resort Schenectady: Rivers Casino & Resort Schenectady is a resort casino located in Schenectady. The casino offers a limited range of gaming options, including slot machines and table games.
- Tioga Downs Casino & Resort: Tioga Downs Casino & Resort is an off-track betting facility located in Tioga County. The facility offers pari-mutuel wagering on horse racing.
Conclusion
New York is a state with a long history of gambling, and it is one of the few states in the country where casino gambling is legal. If you are interested in getting involved in the casino industry, New York State is a great place to start.
Thank you for your visit!
