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Competition heats up for New York casino licences

1st July 2014 9:04 am GMT

The race to secure one of four available licences to operate a resort casino in New York is heating up with the New York State Gaming Commission confirming the receipt of 17 applications Monday, including proposals from industry giants such as Caesars, Genting and Penn National Gaming.

A state constitutional amendment passed last year authorizes up to seven full-scale casinos in New York, with the state planning to issue four licences initially [...]

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