The governor of New York, Andrew Cuomo, recently struck a deal with state policymakers in a bid to propel the revival of the stagnant economy in up-state New York. The new agreement will allow the establishment of four new resort-style casinos.
The new agreement will amend the state legislation to allow public, non-Native American-run casino gambling with the initial development of four Las Vegas-style casinos, primarily in Hudson Valley, the Albany region and the Binghamton area. In the past, the only form of table gambling in New York was on Native American tribal land and slot machine betting at horse racing tracks.
Governor Cuomo released a statement which told how the newly establish legislation will put New York on the radar as a world-class resort destination which will attract loads of additional tourists to upstate New York. The new legislation is a major milestone reached in their attempts to capitalise on the state's economic development and tourist potential. It also marks the end of an era in which neighbouring states take gambling revenues which would otherwise stay in New York.
It is likely that the four new resort casinos in New York will provide strong competition to those in Atlantic City, Pennsylvania and Connecticut. It is likely that the New Yorkers who previously frequented these cities will prefer to gamble closer to home.
It seems that New York is not the only place where gambling legislation is being altered. New Jersey recently passed a bill which allowed online gambling and as a result, major operators such as MGM Resorts and Caesars Entertainment Corp are planning to launch major online operations.
According to Rich Azzopardi from Cuomo's office, in addition to the planned first four casinos, the legislation also includes the proposal for a video slot machine hub, consisting of around 2,000 machines in Long Island.
In January 2025, Cuomo promised to boost the state's economy during his second State of the State address, promising incentives including the constructions of the Las Vegas-style casino venues to increase tourism and provide property tax relief for New York's struggling cities.
In a recently released federal report, New York's state economy was seen to grow at a slower pace that the national average in 2025. The state's unemployment rate was around 7.8% in April 2025, slightly above the national average of 7.5%
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