New York Mayor Adams Unveils Report on Stakes of NYC Casino Bids

New York City Mayor Eric Adams has added to the debate over the construction of new casinos in the city with a report on seven competing bids that could reshape the city’s economic landscape.

The study examines proposals across all five boroughs, weighing financial and architectural merits alongside community impact. Additionally, it examines job creation and the economic effects, and encourages applicants and regulators to balance the projected revenue with concerns in neighbourhoods. 

“A casino would bring thousands of additional good-paying union jobs and billions of additional dollars in economic development to New York City. That’s why our administration has fought for a fair process with as many competitive bids for the city as possible,” said Adams. 

The report outlines principles for the licensing process, including the fair distribution of gaming revenue, investment in quality-of-life upgrades, and the importance of strong urban planning standards. It also acknowledges the economic opportunities that New York casinos could bring, and the report stresses the importance of community trust in what it describes as a ‘once-in-a-generation chance’ for the city.

As part of the bidding process, a network of Community Advisory Committees (CAC) was formed to review proposals and provide public input. Two bids have already been rejected following expedited CAC votes, though some critics argue the decisions lacked depth of discussion.

Bronx casino bid revived

While Adams has been promoting a balanced citywide framework, his handling of one proposal shows the political challenges involved. Earlier in the summer, his veto overturned a City Council decision that had blocked Bally’s $4 billion plan for a casino in the Bronx, effectively putting the project back into play.

The Council had voted down a rezoning measure essential to the development at the Ferry Point Park golf course. Bally’s purchased the site’s lease from the Trump Organization for $60 million and has pledged another $115 million if the plan goes forward.

Adams defended his veto on the grounds that the Bronx deserved the opportunity to compete, but he faced immediate criticism. Council spokesperson Mara Davis noted that the mayor had never previously vetoed a housing-related land-use decision, “This administration’s hypocrisy and unethical conduct is well-documented and has been witnessed by all New Yorkers.”

Bally’s has described its proposal as a ‘once-in-a-generation transformation’ for the Bronx, with 500,000 square feet of gaming space and the promise of long-term investment in the borough. However, local Councilmember Kristy Marmorato, whose district the site falls within, has rejected the project, stating that it does not meet the standards her community deserves.

With competing visions, community pushback, and billions in investment at stake, Adams’ call for community trust, set against his support of a locally unpopular project, highlights some of the tensions surrounding the city’s casino battle.