News
Potential casino operators meet in Albany
by
May 1, 2014
Representatives of the 22 groups vying for four casino licenses in New York came to Albany yesterday for what was billed as a “bidders conference,” designed for the potential casino operators to ask questions about the process. Each firm has submitted a preliminary application, along with a $1 million fee.
Harris Beach attorney Karl Sleight joined Susan Arbetter on The Capitol Pressroom to discuss the conference. “It was an interesting event. It was a helpful event. I think the facility location board did an excellent job in organizing it. It was really the next opportunity for those who submitted the $1 million application fee to participate in the process, to ask questions of the staff and the nominated and confirmed commissioners and try to get more clarity in the process and the expectations moving forward.”
Sleight explained why the casino proposals vary in scale. “The regions of the state are very different, they are very diverse. With respect to this phase of the process, there are three regions: the Catskill/Hudson Valley Region, the Capital Region and the Finger Lakes/Southern Tier Regions. Depending on the demographics and the modeling, the very sophisticated modeling, that these companies do, it will affect the amount of investment that they are inclined to make.”
Listen to The Capitol Pressroom here.
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