The operators awarded licenses to run any of the three New York City-area casinos will have to pay the state at least a $500 million fee. The initial casino licenses will run from 10 years to 30 years based on the investment of the winning bidder, and revenue to the state weighs heavily in the rating of the bidder’s proposals. “An applicant may propose to pay a higher license fee,” the siting board said. The New York Gaming Facility Board released the request for applications, which includes a rating system that will determine the winners of the bids for the casino licenses - including the $500 million license fee, paid within 30 days of the award of the license.īut the license fee can turn into a more pricey bidding war - separating well-resourced contenders from pretenders. The operators awarded licenses to run any of the three New York City-area casinos will have to pay the state at least a $500 million fee for the chance at rolling the dice, according to new rules approved by a state siting board Tuesday. Mets owner unveils $8B casino plan in new ‘Metropolitan Park’

State judge blocks Nassau County lease for $4 billion Sands casino Hedge fund HG Vora seeks seats on Penn Entertainment’s boardĪdams’ admin proposes zoning changes to permit casinos in NYC

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