New York Member of Parliament Steps To Expedite Downstate Slot Gambling License

legislators in new york move to expedite the issuance of downstate slot gambling licenses Following the COVID -19 outbreak, a New York politician wants to hasten the process of approving downstate slot gambling licenses in order to bring in much-needed money for the state.

Democratic senator from Cornwall, James Skoufis, stated during a virtual town hall that the state must find a means to make up for the multi-billion dollar shortfall caused by the coronavirus-induced shutdown. According to Skoufis, the simplest option to make up that shortfall is to provide the New York City region the two licenses that have been allotted.

Skoufis expects the state will receive federal assistance in the next stimulus bill, but that is not a given, according to a report from the Mid Hudson News. Skoufis predicts that the state will either have to raise taxes or make major budget cuts if it doesn't receive any funding and nothing is done.

At city hall, Skoufis stated, "The proposal is to accelerate permits to 2020, or early 2021. "As a result, we'll pay out $500 million at a time, totaling $1 billion for the two licenses. Slot machine gambling itself won't have an accelerated opening. They will continue operating in 2023 as planned, but we'll speed up the licensing payments.

Empire City Casino and Yonkers Racetrack were acquired by MGM Resorts for $850 million from the Rooney family in the beginning of 2019. Just slot machines and horse racing are permitted at Racino, which is only a few miles north of New York City, but the gaming giant bought the land in expectation of obtaining a full-scale gaming license in the future, and you can visit online slot gambling site Bobaslot77.

Governor Andrew Cuomo announced an embargo on new slots in the state after the state permitted four upstate slots to open in an effort to shield recently launched properties from competition. The prohibition will end in 2023, after which providers will be able to compete for customers in areas close to the biggest cities in the nation.

Cuomo said of the 2019 moratorium, "I know it's a topic of discourse, but I didn't have an opinion or intend to make any adjustments at that moment. "There's no denying that this is a field that is expanding."

While Cuomo has so far stuck to that position, the pandemic and massive deficit expenditures may cause him to reconsider.

He was adamant about keeping the entire gaming sector shut down while the infection was still contagious, though. Since the middle of March, the four slots he protected with a moratorium have been shuttered with no set date for reopening.

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