Michael DeMasi writes in the Albany Business Review of the rather exacting demands of the casino application process. Beyond the license fees of $20 to $70 million.
165 different pieces of information, or "exhibits," including a business plan; market analysis; capital and financing structure; marketing plans; infrastructure requirements; internal controls and security systems; player database and loyalty program; construction timeline, affirmative action plan; and experience hiring the unemployed.Well, that actually all starts like pretty basic information. But you can read all of the 165 required pieces of information in the Table of Contents of the RFA itself here. Some of it is indeed pretty meticulous!
Submit as Exhibit VIII. C.7.a. - a description of the proposed hotel(s), including the types of rooms, the numbers and proposed square footage of each type of room at full build-out and for each phase, if applicable. Describe the level of service and, if known, the flag or brand of the proposed hotel. If more than one level of service and/or flag or brand is intended, describe each level of service and/or flag or brand and how they will be developed, operated, and marketed separately but may be operationally combined. Provide copies of any arrangements or agreements relating to branding, franchising and hotel loyalty or patronage programs planned in connection to the proposed hotel(s) that are different from the Applicant’s or the Manager’s branding and customer loyalty or patronage programs.As gaming consultant John Boyd told DeMasi: "Unfortunately, for the casino operators--fortunately for the lawyers and regulators--this process will be longer in duration and much more expensive than it should be." That could also be fortunate for the existing racinos, should the governor strongly suggest to his cronies who make up 2/3rds of the siting board that he wants the revenue flowing in as soon as possible; March of next year is the goal in his budget. And a Gaming Commission spokesman confirmed: "New York's turnaround time--soup to nuts--will be under a year." While Empire Resorts and, perhaps, the Saratoga harness track, will be building new facilities, both could temporarily host table games at their existing facilities until the new ones are ready.
- According to a report by the New York State Commission of Public Ethics, Genting ranked 7th on the list of most money spent on lobbyists, with $1,368,500.