The Final Deal: Which New York Boroughs Will Host the Next Casinos?

New York's long-awaited downstate casino race is nearing its climax, with up to three coveted licenses set to be awarded by the end of 2025. The competition is fierce, with multiple high-profile proposals vying for a spot in one of the nation's most lucrative gaming markets. As the final decisions approach, the question remains: which boroughs will emerge victorious?

Queens has positioned itself as a frontrunner in the casino race. The Resorts World New York City, already operating as a video lottery terminal facility, has submitted a $5 billion proposal to expand into a full-scale casino. This expansion includes live table games, a concert venue, and a sports academy affiliated with NBA legend Kenny The Jet Smith.

The project has garnered significant community support, with the local Citizens Advisory Committee unanimously approving the plan. Additionally, the area's existing infrastructure and proximity to major transportation hubs make it an attractive option for both developers and regulators.

The Bronx: Bally's Proposal Advances

In the Bronx, Bally's Corporation has proposed a $2.3 billion casino development at the former Trump-operated golf course at Ferry Point. The plan includes a 500-room hotel, retail space, a spa, and a 2,000-seat event center. Recently, the project's community advisory group gave its approval, enabling it to proceed with the licensing process. However, the proposal has faced criticism over potential loss of parkland and concerns about the developer's financial stability. Despite these challenges, the project's advancement indicates that the Bronx remains a strong contender.

Manhattan: Proposals Face Hurdles

Manhattan, often considered the crown jewel of New York City's real estate, has seen several ambitious casino proposals. Notably, the Freedom Plaza project, backed by the Soloviev Group and Mohegan, aimed to transform the East Side into a hub for gaming and entertainment. However, the proposal faced significant opposition from local stakeholders, leading to its rejection by the community advisory committee. Similarly, other Manhattan bids have struggled to gain traction, primarily due to concerns about zoning, traffic, and the potential impact on existing businesses. As a result, Manhattan's chances of securing a casino license appear slim.

Yonkers: A Veteran in the Casino Industry

Yonkers, located just north of the Bronx, is home to the Empire City Casino. MGM Resorts has proposed a $2.3 billion expansion of the existing facility, which will include live table games and enhanced amenities. The proposal has received favorable reviews from the local community advisory committee, and the project's established presence in the region adds to its credibility. Given the city's experience in the gaming industry and the project's alignment with state goals, Yonkers is well-positioned to secure one of the licenses.

Long Island: Nassau Coliseum Proposal

On Long Island, the Nassau Coliseum site has attracted attention as a potential location for a new casino. The proposal includes a comprehensive redevelopment plan designed to revitalize the area and enhance local tourism. While the project has garnered support from specific community groups, it faces competition from other regional proposals and must navigate complex zoning and regulatory processes. The outcome for Long Island remains uncertain as the state evaluates all bids.

A Competitive Field

As the state nears its decision on the downstate casino licenses, the competition remains intense. Queens and Yonkers have emerged as strong contenders, with well-supported proposals and established infrastructures. The Bronx's Bally's project also continues to advance, despite facing some challenges. Meanwhile, Manhattan's prospects have dimmed due to significant opposition, and Long Island's bid is still under evaluation.

The final decisions will not only shape the future of New York's gaming industry but also have lasting impacts on local economies, job markets, and community dynamics. As stakeholders await the state's announcement, all eyes are on the remaining contenders, each hoping to secure a piece of the state's gaming future.