Hochul Vetoes Bill to Expedite Casino Licenses

New York Governor Kathy Hochul has vetoed a bill aimed at accelerating the timeline for casino license applications in the New York City area, citing concerns that changing the rules mid-process could unfairly advantage certain bidders. The proposed legislation, which required bidders to submit proposals by August 2024 without necessary zoning approvals, was introduced by lawmakers in June but ultimately failed to gain the governor's support. Hochul emphasized that the existing timeline allows for a thorough bidding process, with applications due by June 27, 2025, and licenses expected to be awarded by the end of that year. Critics, including State Senator Joe Addabbo, argue that the current timeline benefits those facing zoning or political hurdles, while an expedited process could eliminate weaker proposals sooner. Addabbo also accused Hochul of hypocrisy for previously altering other policies during active processes. The veto has raised questions about the future of several high-profile casino projects in the city.