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New York requires non-refundable $1M fee for commercial casino


Filed Under: Casino Stalker | New York | Regulation
More on: catskills, mashantucket, mohegan, stockbridge-munsee, wisconsin
   
Developers must pay $1 million to apply for a commercial casino in New York.

The New York Gaming Commission set the non-refundable application fee on Monday. And the new agency said it could cost up to $70 million for the actual licensing fee.

“This marks the beginning of the bidding process for long-anticipated gaming facilities to benefit Upstate New York,” Paul Francis, a member of the commission's facility location board, said in a press release. “We look forward to reviewing and evaluating the applications and will continue to conduct an open, honest and transparent process.”

The commission will take applications for four licenses -- the Catskills, the Capital Region and Southern Tier/Finger Lakes regions. One area will get two licenses -- it's been widely assumed those will go to the Catskills.

The Stockbridge-Munsee Band of Mohican Indians of Wisconsin, the Mashantucket Pequot Tribal Nation of Connecticut and the Mohegan Tribe, also from Connecticut, all have expressed interest in bidding on a casino in the Catskills.

The Stockbridge-Munsee Band is also pursuing a casino under federal law.

Applications are due June 30.

Get the Story:
Rivals for New York Casino Licenses Must Pay Millions to Play (The New York Times 4/1)
Casino siting panel sets criteria (The Albany Times-Union 4/1)
New York Gaming Commission starts bidding process for 4 privately owned upstate casinos (AP 3/31)

Related Stories:
Column: Stockbridge-Munsee Band back in Catskills casino race (03/24)

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