Casino lobbyists have targeted New York City as a potential area for growth and are hoping to convince lawmakers to expand gambling facilities around the Big Apple.
Amongst the hopeful companies are MGM and Las Vegas Sands Corp. MGM recently bought Empire City Casino in Yonkers, and the company is looking to receive a full-scale gaming license at the facility.
Las Vegas Sands Corp. is also looking to capitalize on New York City’s potential. Last week, representatives from the company traveled to Albany to discuss gambling with the state senators. The Wall Street Journal reported Las Vegas Sands Corp. has hired lobbyists close to New York Governor Andrew Cuomo.
These companies are making the case that New Yorkers are spending gambling dollars outside of the state, so New Yorkers do not benefit from the tax dollars generated by casinos.
In a joint statement from MGM Grand and Las Vegas Sands Corp., the companies said,
“The New York City gaming market is a tremendous opportunity to generate hundreds of millions of dollars of incremental tax revenue that could be used to support local schools and revitalize the MTA.”
Currently, there is a moratorium on new casinos opening until 2023, and gambling lobbyists have been trying to persuade Governor Cuomo to lift the ban and start issuing gambling licenses.
Cuomo has not expressed interest in repealing the moratorium bill, and he said he currently has no opinion on increased gambling in the state.