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The race in the gaming market to end up to 3 licenses for a downstate New York casino near to Manhattan warmed up today after the the New York Gaming Facility Location Board kicked off the main application procedure.
Union Gaming expert John Mandate claimed downstate New York is one of the most rewarding staying greenfield casino possibilities in the united state, although it will certainly take a substantial financial investment with the minimal capital expense omitting land/infrastructure at $500M. Of note, the New York gaming board likewise declared the $500M minimum certificate charge, which suggests interested celebrations are on the hook for at the very least $1B of funding.
Operators will certainly likewise need to consider a legal minimum gaming tax obligation of 25% on ports and also 10% on table video games or determine if they intend to suggest also greater prices to land a certificate.
Earlier this year, Union Gaming approximated …
