Last Wednesday, the state casino siting board named three developers who can apply to the state’s Gaming Commission to receive commercial casino licenses. The board could have recommended a fourth casino licensee, but chose not to. The board also decided not to authorize a casino in Orange County, which would have been in close proximity to New York City.
The siting board has recommended the following locations and developers in the three Upstate regions:
- Southern Tier/Finger Lakes: Lago Resort & Casino, a $425 million project in the town of Tyre, Seneca County;
- Capital Region: Rivers Casino & Resort at Mohawk Harbor, a $300 million project to be located in Schenectady on the Mohawk River;
- Catskills/Hudson Valley: Montreign Resort Casino, a $630 million resort at the site of the old Concord Resort in the town of Thompson, Sullivan County.
The siting board published a selection report in which it evaluated each of the 16 applications for commercial casino licenses.
The siting board’s recommendations must be approved by the state’s Gaming Commission before licenses can be awarded. Assuming that each applicant is approved by the Gaming Commission, they will each have to pay the state a $50 million up-front licensing fee.