Casino contenders to gather for mandatory summit

Created: 04/30/2014 4:42 AM WHEC.com
By: Associated Press

Development groups looking to build a casino in upstate New York will gather for a mandatory meeting with state gaming regulators intended to answer questions about a selection process expected to play out over the next several months.
The conference on Wednesday is required for any group applying to build one of the four casinos authorized for the Catskills, the Albany-Saratoga area or the Southern Tier-Finger Lakes region. No more than two casinos may be located in any single region.
Last week developers submitted casino license application fees of $1 million each for 22 different projects. Final applications are due by the end of June; developers who back out before the deadline will have their application fees returned.
A panel appointed by the state's Gaming Commission is expected to pick the winning proposals this fall.
With their proximity to New York City, the Catskills and mid-Hudson Valley have attracted the most interest, with at least 10 development groups proposing casinos.
"It's an indication that of the four casinos, two should definitely go in that region," said state Sen. John Bonacic, a Republican who lives in Orange County and chairs the Senate's gambling committee.
The meeting is open to the public. It's intended to allow development teams to ask questions about the selection process.
In early May the selection panel is expected to announce the minimum investment amount the state will require from potential casino developers.

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