Jeff Gural, others present casino plans to NY Gaming Board

Developers looking to open upstate casinos grilled on finances, revenue projections

TRD New York /
Sep.September 08, 2014 06:15 PM

The New York Gaming Facility Location Board kicked off two days of hearing in-person presentations from 16 casino applicants, including Tioga Downs head and Newmark Grubb Knight Frank chairman Jeff Gural, on Monday.

Developers looking to open casinos in upstate New York responded to questions about their finances and revenue projections before the state’s board, the Associated Press reported. Allotted 45 minutes each, each argued why they deserve casino licenses over their regional competitors.

So far, New York state has authorized up to four casino licenses that will be divide up among three update regions: the Albany-Saratoga area, Southern Tier-Finger Lakes region and the Catskills and mid-Hudson River Valley. Gural’s Tioga Downs racino is considered the favorite to win in the Southern Tier, but faces a fierce battle in the Catskills, where major players such as Caesars and Empire Resorts are going toe-to-toe with New York City developers like Muss Development to nab the license. [Crain’s]Julie Strickland


Related Articles

arrow_forward_ios
Wynn Resorts and MGM Resorts International in Las Vegas (Credit: Wynn; Nadavspi~commonswiki via Wikipedia Commons)

Wynn, MGM close Las Vegas casinos over coronavirus concerns

Wynn, MGM close Las Vegas casinos over coronavirus concerns
Governor Andrew Cuomo, Assembly Speaker Carl Heastie and Queens Sen. Michael Gianaris (Credit: Getty Images, iStock)

Pols shunning real estate donations welcome casino giant’s cash

Pols shunning real estate donations welcome casino giant’s cash
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo rakes in real estate cash — but not from LLCs

Cuomo rakes in real estate cash — but not from LLCs
Westchester & Fairfield Cheat Sheet: MGM inks $850M Yonkers casino and raceway deal, architecture firm HLW heads to Stamford … & more

Westchester & Fairfield Cheat Sheet: MGM inks $850M Yonkers casino and raceway deal, architecture firm HLW heads to Stamford … & more

Westchester & Fairfield Cheat Sheet: MGM inks $850M Yonkers casino and raceway deal, architecture firm HLW heads to Stamford … & more
Gural family’s GFP planning $240M biotech center in Long Island City

Gural family’s GFP planning $240M biotech center in Long Island City

Gural family’s GFP planning $240M biotech center in Long Island City
Westchester & Fairfield Cheat Sheet: MGM bets big on Empire City Casino, Yonkers Raceway … & more

Westchester & Fairfield Cheat Sheet: MGM bets big on Empire City Casino, Yonkers Raceway … & more

Westchester & Fairfield Cheat Sheet: MGM bets big on Empire City Casino, Yonkers Raceway … & more
MGM Resorts to buy Yonkers casino

MGM Resorts to buy Yonkers casino

MGM Resorts to buy Yonkers casino
(Credit from back: AJFU, Pixabay)

Lucky Dragon hotel and casino is searching for a buyer as its prepares for onslaught of guests

Lucky Dragon hotel and casino is searching for a buyer as its prepares for onslaught of guests
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...