Tag Archives: gaming

Request for Application for Commercial Casinos

The New York Gaming Facility Location Board today approved the Request for Applications to Develop and Operate a Gaming Facility in New York State and opened the bidding period for commercial casino applicants.

The Request for Applications (RFA) may be downloaded at www.gaming.ny.gov/gaming/casinos.php.

The RFA, as mandated by the Upstate New York Gaming and Economic Development Act establishes minimum license fees for commercial casino licenses in each region and details how local support must be illustrated. Applicants are required to participate in an April 30, 2014 Applicants Conference, which will take place in the Capital Region, be open to the public and streamed online. Details on the conference will be made available in the near future.

Applications for gaming facilities will be accepted until June 30, 2014.

The New York Gaming Facility Location Board selects advisory consultant

The New York Gaming Facility Location Board has selected the firm of Taft, Stettinius & Hollister LLP to provide gaming advisory services in its review and ultimate selection of casino applicants for Upstate New York.

The selection of a consultant to provide the Gaming Facility Location Board members with analysis of the gaming industry and assist with the comprehensive review and evaluation of the applications is mandated by the Upstate New York Gaming and Economic Development Act.

The New York State Gaming Commission issued a Request for Proposals for the consultant in November 2013. The proposal put forth by Taft, Stettinius & Hollister LLP was selected over four other timely proposals received.

Taft, Stettinius & Hollister LLP has subcontracted with several entities to assist in the project, including financial advisory firm Christiansen Capital Advisors, investment bank Houlihan Lokey and gaming facility consultant Macomber International, Inc.

The announcement of the consultant is a good sign the timeline for casino licenses as announced by the Governor during his State of the State address is moving ahead as planned.

Read more on the New York Gaming Commission’s website.

NY Jobs Now TV ads

The broad coalition NY Jobs Now unveiled two new television ads today, highlighting the growing support for Proposal #1, which would authorize up to four new casinos in upstate New York, keeping billions of dollars in our state and creating over 10,000 good-paying jobs. In addition to several other television ads from NY Jobs Now that are airing across the state, the two new spots began airing statewide starting today.

Watch the ads here:

Newspapers Agree

[youtube height=”HEIGHT” width=”WIDTH”]http://www.youtube.com/watch?v=VdQCXgvzmYU#action=share[/youtube]

 

Good Jobs

[youtube height=”HEIGHT” width=”WIDTH”]http://www.youtube.com/watch?v=cry36iom0KI&feature=youtu.be[/youtube]

 

Yesterday the coalition called for residents to vote in favor of the pro-gambling ballot proposal, in New York, at a press conference in New York City.

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Six constitutional amendments to be decided November 5

Next Tuesday, voters have the opportunity to amend the state Constitution. Six proposals are on the ballot including casinos and the Adirondack Land Swap. Below is a look at what you will see on the ballot on November 5.  The Business Council supports “yes” votes on Proposals 1 & 5.

Proposal 1 – Casinos
This will allow the opening of up to seven Las Vegas style gambling casinos, with four initially set for the Albany-Saratoga region, the Southern Tier and the Catskills. None would be permitted in New York City or anywhere near the five Indian tribe casinos that now operate in New York.  Passing this amendment will lead to jobs creation and produce more tax revenue for schools and state and local governments.

Proposal 5 – Adirondack Land Swap
This amendment will will allow NYCO Minerals, Inc., a private company, to expand its wollastonite mining operations in the town of Lewis, Essex County, by giving approximately 200 forest preserve acres to NYCO Minerals for mining. NYCO Minerals would give the State at least the same amount of land of at least the same value, with a minimum assessed value of $1 million, for addition to the forest preserve. When NYCO Minerals finishes mining, the company would restore the condition of the land and return it to the forest preserve. The land swap will keep jobs in a region of the state had has seen businesses disappear as traditional industries such as logging and mining have shut down due to land use and environmental restrictions. The present mine is expected to be played out in three to four years. If it the mineral deposit in adjacent state land is mined, it will add an additional eight to 10 years to the mine’s productive span. Wollastonite is a mineral used in fire-proofing applications.

Other proposals on ballot:

Proposal 2 – Civil Service Credits for Vets
This will grant additional civil service credit to veterans who are certified as disabled after they have been appointed or promoted to a civil service position.

Proposal 3 – Sewer Debt
Proposal 3 will continue to allow counties, cities, towns, and villages to exclude from their constitutional debt limits indebtedness incurred for the construction or reconstruction of sewage facilities. Debt incurred from 1962-2014 is now excluded, and the amendment would extend that exclusion to 2024.

Proposal 4 – Property title dispute in the Adirondacks
This will resolve competing claims of title between the State and private parties to land located in the Adirondack Park, in the Township 40 tract in Long Lake and Raquette Lake, Hamilton County. Township 40 was one of the parcels created in the 18th century when the region was first surveyed.  The amendment seeks to fix 100 year old property ownership disputes in the Adirondacks stemming from disputed tax sales, surveying, record-keeping and other factors. Homes, businesses, public buildings and are among the 216 properties with unclear titles on more than 1,000 acres that are on record as state park land and would be given clean titles if this passes.

Proposal 6 – Letting judges serve until age 80
Judges in the county-level State Supreme Court and the state’s highest court, the Court of Appeals, will be permitted to serve until they turn 80 years old. Currently, they must retire at age 70.


Seneca Buffalo Creek Casino opens

The new Seneca Buffalo Creek Casino opened this week.  The 67,000-square-foot casino is the first gambling destination in the City of Buffalo to offer table games and slot machines.

Original plans included a hotel, restaurant and entertainment venues, like the other Seneca casinos and resorts but plans were scaled back after legal challenges.

Rep. Chris Collins (R) said, “Compared with what was initially proposed, this fits a lot better.”

Gaming industry optimistic that voters will approve casino referendum

The Albany Times Union reports today that a leader in the state’s gaming industry, James Featherstonhaugh, is optimistic that New York voters will approve a referendum expanding the number of casinos in the state.

Featherstonhaugh’s comments came at the Saratoga Institute on Racing & Gaming Law, sponsored by the Government Law Center and Albany Law School. 

The Business Council of New York State will participate in the effort to promote passage of the referendum according to Heather C. Briccetti, Esq., president and CEO of The Council.

Governor Cuomo signs casino bill

Governor Andrew M. Cuomo (D-NY) signed the Upstate NY Gaming Economic Development Act yesterday, a comprehensive new law that, pending approval of a referendum this fall, will establish four destination gaming resorts in Upstate New York aimed at boosting tourism and economic development in communities across the region.

The new law authorizes four upstate destination gaming resorts that will be selected based on the economic development impact of the resort.  The three approved regions for the casinos are the Hudson Valley–Catskill area, the Capital District-Saratoga area, and the Central-Southern Tier area.  One of these areas will hold two casinos while the other areas will get one each.

The State Gaming Commission will oversee regulation of destination gaming resorts and determine the required minimum amount of capital expenditures and license fee required.  The bill also outlines how the state tax revenues will benefit education; Indian gaming zones will stay in place and more.

The bill signing clears the way for a referendum this fall on the issue where voters will consider  the constitutional amendment to expand casinos across the state.

Read a full overview of the legislation on the Governor’s website.

Casino plans revealed

Heather Briccetti, president and CEO of The Business Council joined Governor Cuomo yesterday as he announced his plan for casinos in New York State.  Briccetti said the plan was ‘very consistent with the focus on tourism and upstate job growth and also the recognition that getting some of the tourist visitors to Upstate New York will positively benefit the upstate economy.”

Multiple news sources outlined the plan that calls for a referendum on the issue this fall.  Details include dividing upstate New York into six regions, with three proposals in each region competing for the winning bid, and new casinos in the Capital Region, the Catskills and the Southern Tier.

Resources:

Governor Cuomo unveils resort gaming destination plan to bring tourism and jobs to upstate New York

Newsday: Cuomo wants casino referendum this fall

New York Times: wants voters to decide on full-scale casinos

Post Star: Indian casino compacts with state come under scrutiny

Times Herald Record:  Cuomo casino plan released