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NYC Prepares to Change a Zoning Text for Further Casino Development

NYC Prepares to Change a Zoning Text for Further Casino Development

04/12/2023
The NYC Planning Commission’s officials (CPC) are about to start a 7-month procedure for changing the city’s zoning text to legalise gambling houses in specific areas. These lands include the places of commerce and manufacturing. Land-based casinos will be able to operate there legally after obtaining the state’s licence.

Details of the Amendments

NYC zoning text changes for casinos: details

If the proposal is passed, gaming facilities in certain zoning will need to get only the NYS Community Advisory Committee’s permission. In this scenario, the previously established uniform procedure of land-use checkups can be avoided. Such an approach promises to save time and energy for operators and related organisations.

At least 9 casino applications in NYC will be examined by the city’s advisory commissions in the months to come. The proposal is set to ensure that gambling bids are accepted and considered on equal and fair terms compared to nearby territories.

Dan Garodnick, the DCP’s Director and CPC’s Chair, commented on the initiative:

  1. The authorities must provide a level playing environment for applicants in NYC for healthy competition.
  2. The amendments are set to get rid of duplicating an exhaustive licensing procedure in the state.
  3. The changes also offer a rational scheme for legal consideration within the zoning.

Following the initiative, gambling organisations will need to obtain land-use approvals before official bidding. This will help reduce the burden on the local entertainment commission by eliminating the need to review lots of individual enquiries.

Non-casino amenities may also be approved and licensed by the state. These are the following venues:

  • bars;
  • clubs;
  • hotels;
  • restaurants, etc.

The potential amendments will be examined by NYC’s 59 community boards, as well as 5 borough heads. The Council’s final vote is planned for next year.

Big Names Among Applicants

Here are some of the most popular organisations to participate in bidding:

  • Related and Wynn Resorts. The corporations proposed a casino project in zones M1-2 and C4-6 in the Hudson Yards.
  • Thor Equities. The group has plans for a gambling hall in Brooklyn’s Coney Island, situated in C7.
  • Point72 Asset Management. Its gaming venue is about to appear next to Citi Field in Queens.
  • Caesars Entertainment and partners. The companies’ entertainment floor is mapped out for Times Square.

Some proposals can encounter additional obstacles to overcome before establishing an amusement venue. For instance, Bally’s must first obtain approval for building on parkland in the Bronx.

At the Gaminator studio, you can order business licensing assistance and high-tech solutions for your gambling project. We supply promo tools, payment services, management systems, slots from leading providers, and much more.

Feel free to contact us to continue your entrepreneurial path with a strong and reliable partner.

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Artur Zimnij
Author
Artur Zimnij
Gambling business specialist
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