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The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan. Licenses will be good for a minimum of 10 years and a maximum of 30 years. The bidders include some of the state’s wealthiest interests, often in partnership with major gaming outlets across the country — stretching from Connecticut to Las Vegas.

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The license would merely be an expansion with new restaurants and entertainment facilities, and not a project that has to be built from the ground up. The applicants must also meet all environmental and zoning requirements before the Gaming Facility Location Board reviews their plans. It is anticipated a final decision on the three licenses will come at the end of 2025. Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running.

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• Some framed their opposition in religious terms and argued gambling would undermine the city’s family-friendly character.
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• Steve Cohen, the billionaire owner of the New York Mets, has floated the possibility of building a casino as part of an entertainment complex on the 50-acre asphalt parking lot next to Citi Field.
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Rolled out last June, the plan also includes $250 million in community reinvestment to support businesses and groups in Midtown and nearby Hell’s Kitchen. Public comments stretched into the early hours of Tuesday morning, with some residents voicing strong objections and others supporting the economic potential of the project. Despite the discussion, any recommendation made Monday night will still require approval from the Irving City Council on Thursday. “In that community of that size, where are the people going to come from? And that again could change the dynamics of the community, but that’s true for every community.

To a large extent, that corridor has been left behind on economic growth for quite some time and so they need it,” Hefner said. A recent economic development study shows that the investment in the Santee area would support the underdeveloped Orangeburg community. The study found it would generate over $75 million in annual tax revenue according to Santee Development Corporation.

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