Bussmann reminded that the Empire State is also looking to renew discussions with the Seneca Nation of Indians over a new gambling compact. On top of dealing with downstate licenses, Mr. In his words, this will further delay the process, as the subsequent stages will be even more challenging and intimidating considering it involves bids from companies and conglomerates worth billions of dollars. Bussmann noted it remained a mystery how long the second phase of the initial stage would take. However, 10 months later the license issuance still remains in the early stages, despite the New York State Gaming Commission publishing a Q&A report for candidates and is now working on the second set of questions. One of them is Brendan Bussmann, founder of B Global Advisors who recently shared his thoughts on the matter.Īt the start of the calendar year, the Gaming Facility Location Board kicked off the first stage of the licensing process as it started a Request for Applications.

Initially, on track to be issued by the end of 2023 or early 2024, experts are now speculating whether the process could be extended until 2025. New York is certainly taking its time in awarding the three available licenses for the downstate region.

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