This past Monday, Metropolitan Park at Willets Point, Resorts World New York City, and Bally's Bronx had their proposals approved. This came directly from the Gaming Facility Location Board, and while the bidders were ecstatic, protestors outside the building were not. Of course, this is a huge achievement for these casinos, but there is still a long way to go before these new facilities open their doors.
While Resorts World is set to begin bringing in revenue sooner than the other two operators, opening dates are only expected in 2030. Naturally, this is several years away, leaving a large gap not only in the timeline but for New York's regulatory landscape. As the state has only legalized sports betting, online casinos still lag behind, waiting for full licensing and regulation, as the Senate Bill S2614 faces delays. Residents are looking for immediate gaming options in the meantime, and existing out-of-state options may lengthen this process with KYC hurdles and other restrictions.
A good alternative here is no kyc casinos, where users can skip lengthy registration procedures and are only typically required to provide a username, password, or an email address. Alternatively, they can simply link to a supported crypto wallet. This should only take a couple of seconds, and once it is done, players can enjoy thousands of games, enhanced privacy, fast and secure payouts, as well as a wide range of generous bonuses. Trying out these options is a good way to pass the time as these physical resorts are built, and the Senate Bill S2614 makes progress. Of course, the construction of these casinos will benefit New York residents more than just providing them with gaming locations. The Gaming Facility Location Board has highlighted some of the positive effects these casinos will have on the local economy.
For one, MWBEs (Minority and Women-Owned Business Enterprises) will be provided with more opportunities, a goal that city and state agencies have been actively working on. These approved licenses are drivers for broad economic equity and require these casinos to contract with MWBEs. Beyond this, each project is expected to bring in billions of dollars in revenue, wherein these streams will go directly back into the community. Specifically, community benefits are expected to tally up to over $1 billion, and this is besides the job creation each resort will bring.
In total, 23000 union jobs will be available for locals, acting as a driving force for economic growth. In Queens, recent reports showed a 5.2% unemployment rate, and 7.8% in the Bronx, and the casinos opening in these key locations could help change that. to help those in need, intentionally planning to open its doors in less-privileged communities for this exact reason. The argument was that diversity initiatives and workforce development are most needed in these areas to help drive change. Such an approach is altruistic, but it doesn't stop third parties from criticizing this reasoning.
Jack Hu, a member of the Flushing Anti-Casino Group, argued that casinos won't provide development to these communities, but rather reshuffle wealth. Other complaints have stemmed from nonprofits like Save the Sound and the Center for Water Protection. Ultimately, there is still a long way to go, but the casino bidders have provided reassurance that their promises will be upheld. Victory is almost in the grasp of each bidder, with the final verdict from the Gaming Commission expected at month-end. As such, a final review of these proposals' fiscal, community, and economic objectives will take place before construction can officially commence.
