In a groundbreaking move that could reshape the landscape of gambling in New York State, legislation that would allow for the licensing of up to three new casinos has advanced in the state legislature. The move has been met with both excitement and apprehension as lawmakers and industry stakeholders debate the potential implications of expanding the casino market in the state.
The proposed legislation, which was introduced by Senator Joseph Addabbo Jr. and Assemblyman Gary Pretlow, would allow for the licensing of three new casinos in upstate New York. These new casinos would join the existing nine casinos that are currently operating in the state, and would be situated in areas that are considered underserved by the current gaming market.
Proponents of the legislation argue that the addition of new casinos would bring much-needed revenue to struggling communities in upstate New York, as well as create thousands of new jobs in the region. They also point to the success of existing casinos in the state, such as Resorts World Catskills and Rivers Casino & Resort in Schenectady, as evidence of the economic benefits that casinos can bring to a region.
However, critics of the legislation have raised concerns about the potential negative impacts of expanding the casino market in the state. They argue that the proliferation of casinos could lead to an increase in problem gambling and other social issues, and could also have a negative impact on existing casinos in the state. They also worry about the potential for corruption and crime that could accompany the expansion of the gambling industry.
Despite these concerns, the legislation has garnered support from several key lawmakers, including Governor Andrew Cuomo, who has indicated that he would be open to signing the bill into law if it reaches his desk. In a statement released earlier this week, Governor Cuomo expressed his support for the legislation, stating that he believes that the addition of new casinos could help to revitalize struggling communities in upstate New York.
The legislation is expected to face further debate and deliberation in the coming weeks, as lawmakers consider the potential implications of expanding the casino market in New York State. If passed, the new casinos could open as soon as next year, ushering in a new era of gambling in the state. Only time will tell what impact this legislation will have on the state and its residents.