I think any casino in Manhattan would have sq footage issue. Given the price of real estate in Manhattan it becomes tough to justify the additional space for poker. Sure commercial space is cheaper post Covid, but that much cheaper...? Not sure. Just saying, I think the odds of poker at a casino in Yonkers are much higher than they are beside the Javits Center.

Oh yea I meant RW and yonkers, Manhattan would be different

This is a more concise way of what I was saying before…

I also think IF there is poker that it’s totally possible that 2-5nl is the smallest game w a min of $10 max rake.

Unless EC decides to expand/redo their upstairs and they have a big floor plate or something where they’re looking to fill space.

It’s always a “best use of land” question and poker is never the best use imo especially in places where real estate is limited and not cheap.

http://https://www.amny.com/news/ten...sino-licenses/

Some good information in this article

Just saw this on the GFLB website (https://nycasinos.ny.gov/):

Quote:

March 2, 2023 Update

The Gaming Facility Location Board received several hundred questions from interested parties during Round 1, as detailed in the RFA.

Staff are currently reviewing the questions for duplicate submissions, then drafting proposed responses for Board consideration, approval, and publication. It is expected that the response process will take three weeks.

Upon publication, interested parties will then have four weeks to submit questions for Round 2.

Please see the RFA for more information on the structure and timeline of the process.

If that’s accurate the first round of questions should be answered this week at the latest

5 weeks later and the "It is expected that the response process will take three weeks." has been removed from that update lol.

If this is any indicator we're looking at Christmas '24 for cards in the air, unless as many suspect the application and review for EC and RW are a dog and pony show, in which case there's still a chance for a surprise. But I'm now thinking 2025 for the third location.

I think it really depends on what proposal gets chosen. If they have to build the main casino building from scratch, could easily be 2026 or 2027 for the third location.

I remain tepidly optimistic for the other two, though. Thinking by end of Q2 2024

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That all makes sense to me, I think because of that, the proposals that are complete new builds and area developments aren't likely to win the license. Even still, some of the expansions/renovations needed for the Manhattan proposals in existing spaces will probably be pretty long to complete too

I'm not sure how much of a consideration that will be. The only two proposals we know about for existing buildings are Saks and Caesars (Times Square), and Saks is probably a non-starter even if they manage to submit an application. Caesars presumably has a commitment from Viacom to move out if they get a license to convert the building, but still that could take some time before construction—which is probably at least close to a gut reno—could begin.

Building anything from the ground up in the city takes a long time, and most of the others are big development projects that just happen to have casinos. Some of the proposed land is vacant, some isn't. Some doesn't even exist...IIRC the Hudson Yards project would sit on a part of the deck over the rail yards that hasn't been built yet.

So yeah, if the third license is in the city, 2027 or maybe late 2026 is a hopeful estimate if it's (nearly) 2024 before anybody knows if they'll get to build something. But I wouldn't underestimate the attractiveness of some of them. The city and state have been chasing ideas for Hunters Point for ages, and Coney Island (its real estate people, if not its residents) has been looking for something to goose the area into a year-round attraction. That's the point of the "Oh, and there's a casino" proposals that are larded with all kinds of other things and meant to do more than plunk a casino down somewhere. Hunters Point, Coney Island, Nassau...those could have an argument that all the ancillary development won't happen without the casino license. Something will get built at Hudson Yards anyway, the East Side developer will eventually get off the pot and use his land, 1515 Broadway will continue to be a tower in Times Square, the Saks building will go to whoever buys Hudson Bay next...

TL;DR: Yes, operations at any third licensee are a long way off.

Correct me if I'm wrong, but wouldn't the Nassau/Sands idea also be in an existing building? Maybe you might not even be considering that because of it being on Long Island...

Does anyone know when we might get more info on exactly who has applied? I am curious to see if Stefan Soloviev, the son of real estate Billionaire Sheldon Solow, was able to find a partner and submit an application. That is another application that could use an existing building, potentially.

I feel like this is shaping up to be Caesar's vs. Coney Island, though

I thought Nassau was all new construction, but I could be wrong. Incorporating an existing building, maybe? ("80 acres around the Coliseum"...10% of that is the casino.)

The timeline's getting a bit hazy. If they've answered the questions, we're in the second 30 days. (If they haven't, we're not yet.) After 30 days, they'll take a second round of questions which, based on this first round, they won't rush to answer, but maybe they'll be easier and not so numerous at that stage. And then at the end of a final 30 days, applications are due. So it's two months plus...a couple? few? months to answer questions. Somewhere between three and six months from now, perhaps. Then maybe they'll put some end date on the community/zoning review, which has to happen before they'll consider any applications (since one of those articles linked here cited info that they're not going ahead with any until they're all in).

https://www.usbets.com/freedom-plaza...attan-support/

Some compelling arguments for the Midtown East location, but also so reinforcement for our more sobering sentiments of late:

“With so much at stake and local/state politics a major factor, we aren’t going to handicap winners at this stage,” Bank of America concluded, stating it doesn’t expect licenses to be handed out until early 2024 or any new casinos to be completed before 2026."

Oh wow, you'll see above in my last post I mentioned Soloviev and I believe this is the first reported information on who he would partner with. I live very close by and this would be amazing for me personally, lol. I could just bike there in 10 mins, not even... amazing

I had heard mention of turning the property into a casino and building a ferris wheel previously, towards the end of the deadline to submit questions. Honestly, as much of a puff piece as that article was, it made some really good points about it's viability vs the other proposals, and the opposition they're likely to face compared, and I think it may be less for this proposal. I think it's got a really good shot, may even be the new favorite. I'm also just kind of shocked Soloviev put this all together, and so quickly

I guess we should all expect the next 3-5 months to be pretty slow in terms of news, but I am sure there will be a full court media blitz by all the big proposals with us soon!

When these bills go through will they're be online poker legalized as well?

The two issues are completely separate but there has been a big push the last 2 years for online games like poker and casino games, so I do think it's close to happening, but it has nothing to do with the brick and mortar casino licensing process

The legislative change for the brick and mortar casinos went through 10 years ago, they just created a 10 year moratorium that just ended. We're just waiting on the licensing process.

As Homestar said, unrelated to online, and online is definitely not happening in 2023 since it didn't make the cut for the budget, maybe next year. Bright side once they legalize online I assume the licensing process will be shorter and once someone is approved they can probably launch almost immediately

Well, they haven't managed a budget yet despite the April 1 deadline, so in theory anything could still make it in.

Thanks for responses.

We’re practically in may now and it’s been crickets, yea this is gonna take forever………

where do y'all play onlilne? I'm like SwC

Steve Cohen's plans face significant obstacles still but he's throwing money at the problem aggressively - https://www.thecity.nyc/2023/5/9/237...i-field-casino

Wall Street says 3-4 years to decide on licenses possibly, even if RW and EC get the nod sooner estimates that it would take 1 yr+ to make necessary extensions to building to satisfy investment requirements and get cards in the air.

We probably gotta find something else to talk about

https://www.playny.com/wall-street-q...te-ny-casinos/

Forgot the second link lol

https://media.tenor.com/mHRBRdwFveoA...eve-carell.gif

3-4 years would be disgusting