“An applicant may propose to pay a higher license fee,” the siting board said.
The initial casino licenses will run from 10 years to 30 years based on the investment of the winning bidder, and revenue to the state weighs heavily in the rating of the bidder’s proposals.
Workforce development and diversity will account for a combined 20% of the overall score and local siting issues that include mitigating impacts on surrounding neighborhoods accounts for the remaining 10%. Because of the community review process, there’s no set deadline for when a decision will be made on the awarding of casino licenses, according to the siting board. But insiders expect the awards to be made by year’s end.immediately released a statement Tuesday saying it will submit a bid for one of the licenses. The group includes Thor Equities, Saratoga Casino Holdings, The Chicksaw Nation and Legends — the entertainment firm co-owned by the Yankees.
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