CARS HOMES JOBS
 

Economics and job growth most important factors in casino licensing

By Lombardo David
Friday, June 7, 2013

Economic activity and business development are the most important criteria for any application to get a license to operate a live-table casino in New York.

Gov. Andrew Cuomo's siting plan for three upstate non-indian casinos says the "decision by the [state resort gaming facility location board] to select a casino license facility applicant shall be weighted by sixty-five percent" based on economic factors. Those factors include nine points, such as, creating the most high quality jobs and maximizing revenues received by the state and localities.

This also includes "offering the fastest time to completion of the full gaming facility," which should benefit competing racinos. Because the racinos have most of their infrastructure in place, they would only need to expand their gaming space to hit this mark.

The full text of the bill is available HERE.

Twenty percent of the decision is based on "local impact and siting factors." These include local support for the plan, partnerships with local businesses and mitigating potential negative local effects of the casino.

Support can be demonstrated with passage of local laws or public comments.

"Workforce and societal enhancement factors" make up the remaining 15 percent of the board's decision.

The potential impact of Cuomo's legislation on the Saratoga Casino & Raceway's chances to get live-table games remains to be seen.

Follow @poozer87 on Twitter.

 
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