{"id":2660,"date":"2024-10-16T13:46:38","date_gmt":"2024-10-16T13:46:38","guid":{"rendered":"http:\/\/stakery.io\/?p=2660"},"modified":"2024-10-16T14:25:08","modified_gmt":"2024-10-16T14:25:08","slug":"regulator-cites-serious-misgivings-about-two-favorites-for-new-york-casino-license","status":"publish","type":"post","link":"http:\/\/stakery.io\/index.php\/2024\/10\/16\/regulator-cites-serious-misgivings-about-two-favorites-for-new-york-casino-license\/","title":{"rendered":"Regulator Cites \u201cSerious\u201d Misgivings About Two Favorites for New York Casino License\u00a0"},"content":{"rendered":"
<\/div>\n

Favorites\u2019 wings clipped<\/h2>\n

The New York State Gaming Commission (NYSGC) has expressed \u201cserious\u201d misgivings about the two favorites insiders believe will win two of the three licenses available to operate a casino in downstate New York.\u00a0<\/p>\n

\n

first time the NYSGC is \u201cpublicly expressing concern\u201d<\/p>\n<\/blockquote>\n

According to the Las Vegas Review-Journal<\/em> on Tuesday, it\u2019s the first time the NYSGC is \u201cpublicly expressing concern\u201d about multiple applicants.\u00a0<\/p>\n

In the firing line for their high-profile scandals in Las Vegas are three firms. Two of them have existing New York gaming footprints that, at least until now, gave them the advantage over the near dozen other bidders.\u00a0\u00a0\u00a0<\/p>\n

At recent NYSGC meeting, Chairman Brian O\u2019Dwyer publicly voiced misgivings over two bids, namely from the Genting Group and Wynn Resorts, \u201cfor various violations of the law\u201d in Las Vegas.\u00a0<\/p>\n

\u201cThese allegations are serious,\u201d the exec stated.<\/p>\n

While O\u2019Dwyer didn\u2019t directly mention MGM Resorts, Genting\u2019s fellow favorite for a downstate casino license, it also has a history of Las Vegas violations that could potentially hijack its bid.<\/p>\n

Skeletons in the closet<\/h2>\n

The fact O\u2019Dwyer didn\u2019t single out MGM directly shouldn\u2019t give the firm too much hope. The latest aspersions cast by the NYSGC come \u201calmost exactly a year after multiple unnamed sources told various media outlets\u201d that Vegas-based scandals could harm MGM\u2019s New York bid.\u00a0<\/p>\n

Because MGM runs Empire City Casino in Yonkers, it was a license favorite among industry experts and insiders along with Genting, which owns Resorts World New York City at Aqueduct Race Track in Queens.<\/p>\n

In August, the Nevada Gaming Control Board (NGCB) alleged Genting\u2019s Resorts World Las Vegas casino was a haven for criminal activity<\/a>, while filing a 12-count disciplinary complaint against it.<\/p>\n

The NGCB\u2019s allegations against the Malaysia-headquartered Genting\u2019s subsidiary include six counts of the Las Vegas Strip casino giving out \u201chundreds of thousands of dollars in credit to others with histories of illegal gambling convictions or organized crime.\u201d<\/p>\n

O\u2019Dwyer also singled out Las Vegas-headquartered Wynn. Last month, the gambling giant agreed to forfeit $130m to the feds<\/a> under a \u201cnon-prosecution agreement\u201d regarding a decade-long case relating to unlicensed global money transactions from Wynn Las Vegas.<\/p>\n

Slipping away?<\/h2>\n

Both Genting and MGM had their eyes on securing a NY class III gaming license so they could add live dealer games to their respective Queens and Yonkers venues, and move away from \u201cvideo lottery terminals to random-number-generator slot machines.\u201d<\/p>\n

But the NYSGC\u2019s allegations will affect the favorites\u2019 bids and give renewed hope to the rest of the field, including New York Mets owner Steve Cohen and Hard Rock International\u2019s bid for a casino resort complex adjacent to Citi Field in\u00a0Queens.<\/p>\n

\n

political pressure from within<\/p>\n<\/blockquote>\n

According to the Review-Journal<\/em>, in less than 24 hours New York Governor Kathy Hochul went from allegedly backing the Cohen\/Hard Rock bid to not backing it at all because of political pressure<\/a> from within her own administration.<\/p>\n

The post Regulator Cites \u201cSerious\u201d Misgivings About Two Favorites for New York Casino License\u00a0<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Favorites\u2019 wings clipped The New York State Gaming Commission (NYSGC) has expressed \u201cserious\u201d misgivings about the two favorites insiders believe will win two of the three licenses available to operate a casino in downstate New York.\u00a0 first time the NYSGC is \u201cpublicly expressing concern\u201d According to the Las Vegas Review-Journal on Tuesday, it\u2019s the first…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2660"}],"collection":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/comments?post=2660"}],"version-history":[{"count":1,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2660\/revisions"}],"predecessor-version":[{"id":2661,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2660\/revisions\/2661"}],"wp:attachment":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/media?parent=2660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/categories?post=2660"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/tags?post=2660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}