New York Set to Acquire Seven New Casinos

New York could have as many as seven new casinos legally open in the state thanks to new legislation approving casino gambling. According to United States gambling news, the process for the legalization of the casinos is already under way.

Andrew Cuomo, Governor of New York, the Senate Majority Leader Dean Skelos and Sheldon Silver, Assembly Speaker, announced the plans to adjust the gambling constitution late last week according to online gambling news in United States.

The recent announcement by the Justice Department that the Federal Wire Act should not include gambling in all forms, merely just sports betting has sparked a wave of revolutions in the individual states, many of whom are seeking to create their own gambling laws in wake of the crumbling federal American gambling laws.

Lawmakers in New York are currently in the process of seeking permission to grant seven new businesses the rights to construct privately run commercial casinos in the state, news which could be damaging to the gambling capital of the east coast, Atlantic City.

The move isn’t just seen as political however, which Governor Cuomo adamant that allowing the legalization of casino gambling, would bring about thousands of jobs to the state’s workers, keep the “vital leisure industry” in the state, and provide an excellent source of taxable revenue, which could be handed back to the public.

The Governor commented that “by taking these important first steps to legalize casinos we are finally confronting the reality that while New York is already in the gaming business, we need a real plan to regulate and capitalize on the industry. This is a process that will ultimately put thousands of New Yorkers to work, drive our economy and help keep billions of dollars spent by New Yorkers on gaming in the state.”

New York already has more slot machines than Atlantic City, with some near thirty thousand in operation, more than any other north eastern or mid western state. It is widely felt that with the addition of poker rooms and roulette wheels, Atlantic City may very well struggle to compete with one of the top tourist destinations in the world.

Should the legislation being drawn up by the lawmakers to be voted on, the public would then have the final say on the matter, but this wouldn’t occur any earlier than 2013.