Regulators named officials to a board supervising the New York City casino expansion. The best gambling websites said that the market has become more lucrative with the new casinos in the area.
The New York Gaming Commission named former Housing Commissioner Vicki Been, Women’s Chamber of Commerce CEO and President Quenia Abreau, and former President of Hofstra University Stuart Rabinowitz.
The new officials will accept proposals for licenses to open and operate casinos in the NYC metropolitan area. However, the board will give out licenses by 2023. There’s no specific timeline for the opening of the new gaming halls.
New York City Casino Expansion
New York is expanding its casino industry as part of a deal made earlier in the year. According to online gambling South Korea experts, there are four commercial casinos in the area. Also, there are several casinos operated by Native American tribes.
Casino industry stakeholders see New York City as a vital gaming market because of the potential revenue from tourists. Additionally, the state expanded its gambling laws to allow people to bet on sports using mobile sportsbook apps and within casinos.
However, some industry insiders question whether the northeast gambling market is already overly saturated. Thus, it would be difficult for new casinos to compete against established gaming halls in the area.