N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 1316
Minimum license thresholds

No applicant shall be eligible to receive a gaming license unless the applicant meets the following criteria and clearly states as part of an application that the applicant shall:

1.

in accordance with the design plans submitted with the licensee’s application to the board, invest not less than the required capital under this article into the gaming facility;

2.

own or acquire, within sixty days after a license has been awarded, the land where the gaming facility is proposed to be constructed; provided, however, that ownership of the land shall include a tenancy for a term of years under a lease that extends not less than sixty years beyond the term of the gaming license issued under this article;

3.

meet the licensee deposit requirement;

4.

demonstrate that it is able to pay and shall commit to paying the gaming licensing fee;

5.

demonstrate to the commission how the applicant proposes to address problem gambling concerns, workforce development and community development and host and nearby municipality impact and mitigation issues;

6.

identify the infrastructure costs of the host municipality incurred in direct relation to the construction and operation of a gaming facility and commit to a community mitigation plan for the host municipality;

7.

identify the service costs of the host municipality incurred for emergency services in direct relation to the operation of a gaming facility and commit to a community mitigation plan for the host municipality;

8.

pay to the commission an application fee of one million dollars to defray the costs associated with the processing of the application and investigation of the applicant; provided, however, that if the costs of the investigation exceed the initial application fee, the applicant shall pay the additional amount to the commission within thirty days after notification of insufficient fees or the application shall be rejected and further provided that should the costs of such investigation not exceed the fee remitted, any unexpended portion shall be returned to the applicant;

9.

comply with state building and fire prevention codes;

10.

formulate for board approval and abide by an affirmative action program of equal opportunity whereby the applicant establishes specific goals for the utilization of minorities, women and veterans on construction jobs.

Source: Section 1316 — Minimum license thresholds, https://www.­nysenate.­gov/legislation/laws/PML/1316 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

Green check means up to date. Up to date

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 1316’s source at nysenate​.gov

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