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Metropolitan Park advances as fourth New York downstate casino finalist

Licences & markets

Hard Rock International and Steve Cohen’s Metropolitan Park proposal advanced in Queens after its Community Advisory Committee approved it 6-0, reportedly. The $8 billion bid is one of four finalists for up to three downstate casino licences; the Gaming Facility Location Board is due to recommend bids by 1 December, with final decisions expected by 31 December.

The proposal remains in contention for a downstate casino licence, with final decisions due by 31 December.

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Earlier licence decisions by NYSGC

DateCompanyAmountStoryAppeal status
Bally’s, Thor EquitiesNot statedBally’s Bronx casino bid advances after community committee approvalNot stated
Thor EquitiesUSD 3,400,000,000New York committee rejects Thor Equities’ Coney Island casino bidNot stated
Bally’sUSD 4,000,000,000New York committee advances Bally’s $4 billion Bronx casino proposalNot stated
Resorts WorldUSD 5,500,000,000New York advisory committee backs Resorts World Queens casino planNot stated
MGM Resorts, GentingUSD 5,500,000,000New York advisory committees advance Yonkers and Queens casino bidsNot stated

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Regulation

New York City revises Metropolitan Park agreement to protect US Open

New York City and the developers behind the Metropolitan Park casino proposal submitted a revised pre-development agreement on 17 November, adding written protections for the US Open. The change followed a temporary restraining order issued after the USTA sued the city; the association said its lawsuit would continue, with an injunction hearing scheduled for 11 December.

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