Sunday, April 11, 2021

State Budget to Allow NYC Casino


New York voters approved the construction of four casinos within the state. That was eight years ago. At present, New York is turning to casinos to solve its budget deficit problems. Thus, Governor Andrew Cuomo approved a state budget that would allow NYC casino. 

The governor’s budget included a stipulation to conduct a review of constructing a new casino in New York City. It would be the most prominent gambling expansion in the state. Also, the budget includes the legalization of mobile sports betting. It would lead to people wanting to open a bookie website in the state. 

On the downside, sports betting software experts expect the NYC casino to face legal and regulatory challenges. Also, the casino license will be one of the hottest commodities in the state. Las Vegas Sands already showed interest in getting the permit. However, it has many competitors.