New York Gaming Commission restarts search for firm to conduct gambling study

by Administrator

An ambitious review of New York’s gambling landscape will take longer than initially planned, as state officials restart their search for a firm to conduct the analysis.

Industry insiders and state lawmakers anticipate the study will prompt a shakeup of the state’s gambling rules and regulations, potentially laying the groundwork for the development of three casinos in the New York City area.

But these changes could be delayed, as work on the study – planned for completion at the end of the year – has fallen more than a month behind schedule. On Tuesday, the state Gaming Commission revealed it was scrapping the original timeline as it launched a new search for a firm to conduct the review.

Explaining the impetus for second request for proposals, state Gaming Commission Executive Director Rob Williams said, “We were concerned that the aggressive timeline might result in compromised data and determined speed was less valuable than accuracy, especially given the intention that the product might be used to advise future policy determinations.”

The four months initially scheduled for the entirety of the project was deemed unrealistic by some in the gambling community, considering the scope of the review included casinos, sports betting, horse racing and off-track betting corporations in New York.

The commission believes the new six-month timeline, with portions of the work due in stages and a final report due June 1, is more manageable. By April, the state wants the review to be “substantially” done with an analysis of the existing casinos, the ramifications of issuing three new casino licenses and the potential market of online gambling, including sports wagering.