New York casino process enters a new phase as questions abound and influence spreads
The New York casino licensing process has concluded, with Bally's Bronx, Resorts World NYC, and Metropolitan Park receiving commercial licenses. These three recipients face significant development costs and varying tax rates, with Resorts World planning a $5.5 billion expansion, Metropolitan Park an $8 billion complex, and Bally's a $4 billion integrated resort. The article also discusses emerging impacts such as potential iGaming legalization in New York, the growing influence of prediction markets headquartered in NYC, and New Jersey's ongoing efforts to expand casinos outside Atlantic City to counteract the new competition.
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