For years, lawmakers in New York have debated whether or not opening a traditional Class III casino in New York would be beneficial for the state. It seemed that some real progress was being made to get this one. Unfortunately, new reports have surfaced claiming a group of politicians has pushed against allowing a commercial casino in NYC.
It’s disappointing news for those hoping to see a real gambling venue finally open its doors in the city. Hope is not completely lost, though. Now is a great time to look at what exactly is happening with this situation.
Let’s get into it!
What’s Going on With New York’s Casino Industry?
New York’s history of gambling regulation goes back decades. For many years, this state was considered one of the most anti-gambling in the country. Lawmakers here prohibited most forms of gambling such as traditional casino gaming and sports betting.
Many pushed back against these intense regulations. Even some of the top lawmakers in the state expressed their opinion that more legal gambling options would bring the state much-needed revenue. Finally, in 2013, things took a major turn here.
It was this year that lawmakers in New York approved a measure to allow commercial casinos. The state mandated that all of these gambling venues open their doors in Upstate New York. This led to a hugely competitive casino industry in this area.
Not long ago, reports surfaced that several of the casinos in New York now owe the state’s Gaming Commission a combined $17.7 million. Rivers Casino & Resort, Lago Resort & Casino, Resorts World, and Tioga Downs Casino all owe millions in overdue fees to this commission. It’s unclear if any of these gaming properties have already decided to pay this bill.
Fortunately, gambling revenue has been slowly increasing in this state. A growing number of individuals are making the trip to Upstate New York to play at their favorite casinos. Just about every major casino destination around the US has been seeing a steady increase of visitors throughout the first five months of 2021.
As revenue increases, more individuals are pushing the idea of opening a real casino in New York City. New reports indicate this may not be taking place anytime soon.
Politicians Push Against Allowing a Commercial Casino in NYC
The discussion surrounding a real casino in New York City has been going on for years. Proponents believe it will help to boost tourism and revenue for the city. Detractors feel it could lead to an increase in crime and gambling addiction.
Some felt that 2020 would be the year for a measure allowing a commercial casino in NYC to get passed. Several prominent figures in politics including New York City mayor-hopeful Andrew Yang supported this idea. Unfortunately, reports have just surfaced that indicate this may not happen anytime soon.
The New York Post has just released a new report claiming a group of Manhattan legislators are pushing against these plans. Assemblyman Richard Gottfried gave his official take on this situation to the media this week. Ultimately, he believes this will be a detriment to the Manhattan area.
“I adamantly oppose any casino in Manhattan,” Gottfried said. “I believe it would be seriously detrimental to the residential and commercial quality of Manhattan.”
Governor Cuomo pushed against allowing any new forms of gambling in New York for years. Recently, however, he changed his tune and even supported the move to open a commercial casino in NYC. He expressed disappointment at the news that these legislators do not support the city’s casino plans.
This news does not mean that the city’s casino plans are completely dead. Lawmakers will now meet to weigh the pros and cons of this industry. We’ll be sure to offer more updates on the move to get a NYC casino opened over the next few weeks.
New Jersey’s Casinos Prepare for Major Revenue Surge
The state of New Jersey is known for being the gambling capital of the East Coast. Some of the best casino-resorts in the country are located in Atlantic City. Throughout 2021, these properties have been seeing a steady increase in their revenue figures.
Most analysts expect this summer to be hugely successful for New Jersey’s casino industry. Hotel bookings in Atlantic City are ramping up. As a result, many of these casino-resorts are undergoing massive renovations.
The Ocean Casino-Resort has announced it is planning a $15 million renovation project. The Hard Rock Atlantic City is also preparing for a $20 million renovation. Many gambling fans in the area are excited to see how these properties improve.
Some exciting new entertainment options are coming to this city soon, too. As infection rates drop, regulations towards casinos are being lifted. Many of the casino-resorts here are now resuming sold-out concerts and shows.
It’s an exciting time for the entire East Coast casino industry. Places like Pennsylvania and Delaware have seen steady increases in their gaming revenue lately. We’ll be sure to report on the revenue figures in these states over the next few months.
Do you think we’ll see a commercial casino in NYC anytime soon? Let us know in the comments section below.