Will tight market push NY to go slow on casinos?

Posted at 10:17 PM, Nov 15, 2014
and last updated 2015-11-10 22:17:55-05

New York voters authorized four new upstate casinos, but that doesn't mean the regulators reviewing proposals for the gambling facilities have to approve that many.

With the gambling market looking increasingly saturated, developers and casino critics alike say it is possible three could be awarded.

Sixteen proposals are in the mix for licenses, which will be split among three areas: the Capital Region, the Finger Lakes/Southern Tier and the Catskills/Hudson Valley. The state board reviewing the applications is expected to make its decisions later this month.

It's possible that the board could approve a casino project in each of the three regions and withhold one of the licenses.

Members of the board say they're evaluating each proposal for its potential economic boost for surrounding communities.