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Addabbo says New York online casino bill is unlikely to advance

Regulation

New York state senator Joseph Addabbo said an online casino bill is unlikely to receive a committee hearing or chamber vote before the legislative session ends on 4 June. Addabbo said he did not expect the governor to sign a bill even if lawmakers passed it. Governor Kathy Hochul’s spokesman said she would review legislation passed by both chambers.

The bill’s likely delay leaves operators and suppliers without a near-term legislative decision on New York online casinos.

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Regulation

Queens Democrats urge Hochul to resolve Resorts World slot tax dispute

Ten Queens lawmakers urged New York Governor Kathy Hochul to intervene in a dispute over Resorts World New York City’s slot tax rate. The casino pays 56% of slot revenue, while the New York State Gaming Commission says a separate horse-racing funding obligation could add 16 percentage points, taking the combined rate to 72%; the additional payments would total about $150 million annually over 15 years.

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