New York Issues Three New Casino Licenses

chris brown
Written by Chris Brown
Published on Wednesday 6th January 2016, 10:10 am
Posted in: Casino Legal

Casino Legal

The New York State Gaming Commission has unanimously voted to grant licenses to three new upstate casinos, saying that the decision will lead to more jobs for local residents as well as giving tourists even more reason to visit the areas that will play host to the new venues. Those areas are Schenectady County, Seneca County and Sullivan County, and the total amount of investment capital involved will exceed $1.3 billion.

Schenectady County will be the home of Rivers Casino & Resort, which will boast a 51,000 square-foot gaming floor and offer 1,150 slot machines, 77 table games and a brand new hotel with 150 rooms. This project will cost a total of $320 million.

Seneca County will welcome Lago Resort & Casino, which will offer 1,950 slot machines, 84 table games and a hotel with 205 rooms. The cost of this venue will be $425 million.

Sullivan County will host the most expensive of the three venues, which is the Montreign Resort Casino. This resort will comprise a luxury hotel with 322 rooms, an entertainment village, 18-hole golf course, indoor waterpark lodge and the casino itself. The casino will have 18 floors and offer 2,150 slot machines and 102 table games. The cost of this development will be $1.25 billion.

Commenting on the decision to grant the three new licenses, Robert Williams, who is Executive Director of the New York State Gaming Commission said: ‘New York State will soon realize the economic benefits of resort gaming destinations. These projects will create thousands of jobs, bring much-needed economic development to long-stressed communities and drive revenue to support schools and local governments – with zero taxpayer dollars.’

It is expected that the three projects will create over 3,600 permanent jobs, and that thousands of temporary jobs will also be created to carry out the six million man hours of construction work that are required. Construction on the Montreign Resort Casino was started last year, and the venue could be open as early as 2017.

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