political upheavals <\/strong>and just about every other imaginable break in industry standard commercial decency and charm offensive that you can think of.<\/p>\nYou haven’t seen anything yet<\/h2>\n At the moment we are seeing self-promotion, goodwill advocacy and some local opposition to the proposal of each announced candidate. We see good “corporate citizens” presenting themselves as the most viable alternative, and none of the half-dozen such serious candidates have publicly attacked anyone else – and probably will not openly do so. Nothing “dirty” has surfaced yet and none of those vying for a new license outside of Yonkers or Queens have indicated that only one license is available, nor have the two “generally accepted plugins” indicated it.<\/p>\n
MGM Resorts International, the owners of Empire City Casino at Yonkers Raceway in Yonkers have remained silent on the matter, as has Genting Malaysia Berhad – the actual owner of Resorts World New York at Aqueduct Raceway. And that’s a smart move. It is not so? That could change.<\/p>\n
Come?<\/h2>\n When the state opened the bidding process for the licenses, it set the minimum bid at $500 million and announced that it would be a bidding process. At least one player indicated that he would not go that route – he would make a proposal and negotiate in good faith, but not rush into a bidding process. Of course, there are many possible reasons for such a position. One of these could be that the country would show weakness if it proved uncompetitive at a high-priced auction, or that it might not have the resilience to be an effective world power if it did because of the “known Unknowns” of how many licenses might actually be at stake ties up resources in an untested market.<\/p>\n
Perhaps the state of New York or existing video lottery terminal and electronic table game providers should clarify and inform the public as well as potential competitors precisely whether existing lottery casinos are on par with other competitors or will enjoy a potentially unfair advantage. For each new proposal we have examined, the call for proposals has taken into account the benefits to the community and other aspects that are expected of them. There’s still an elephant in the room, and if that elephant isn’t stared at and asked to dance, it could potentially become the number one piece of evidence in all the “sour grape” lawsuits that inevitably surface before anything is done. Said and done when the stakes are at stake are high.<\/p>\n
For now, the question remains: how exciting will this competition be? Chances are the answer will be hot enough to create turning point after turning point, and hot enough to warp reality through the ages in a way that most people will end up happy to just switch off and getting on with life in the fast lane of gambling. However, it could also pose myriad risks to consumer confidence in every single process involved in bidding for US casino licenses.<\/p>\n
If, following the issuance of the seven licenses currently approved in the 2013 referendum, voters approved two additional licenses by a simple yes or no majority, all stakeholders, including the public, deserve the reassurance of a clear and transparent process, with no wild guesses animals lurk. stumble. Around, or crashing across the room.<\/p>\n
If that’s true, why not now? Yes <\/strong>NO<\/strong> now when? <\/strong>Bidders who can risk multiples of the “reserve bid” to build the casino, as well as the public, certainly deserve to know.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"As the old saying goes, “If you can’t handle the bull, get out of his way.” Another warns that adding fuel to the fire only increases the heat. As far as we know, none of us talks about what happens when you add your own fuel by advocating and advocating for your own interests or […]<\/p>\n","protected":false},"author":1,"featured_media":285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-magazine","eq-blocks"],"yoast_head":"\n
The battle for three casino licenses in New York City is upon us - Hunzav Alley<\/title>\n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n