N.Y. Comp. Codes R. & Regs. tit. 9 § 602.1

Current through Register Vol. 46, No. 45, November 2, 2024

Section 602.1 - Gaming facility minimum capital investment

The minimum capital investment for a gaming facility by zone and region shall be:

(a) In Zone Two, Region One (Counties of Columbia, Delaware, Dutchess, Greene, Orange, Sullivan and Ulster), as such zone and region are defined in section 1310 of the Racing, Pari-Mutuel Wagering and Breeding Law:

(1) $350,000,000 for a gaming facility in Dutchess or Orange Counties;

(2) $130,000,000 for a gaming facility in Columbia, Delaware, Greene, Sullivan or Ulster Counties, if no license is awarded for a gaming facility located in Dutchess or Orange Counties; and

(3) $100,000,000 for a gaming facility in Columbia, Delaware, Greene, Sullivan or Ulster Counties, if a license is awarded for a gaming facility located in Dutchess or Orange Counties.

(b) $135,000,000 in Zone Two, Region Two (Counties of Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie and Washington), as such zone and region are defined in section 1310 of the Racing, Pari-Mutuel Wagering and Breeding Law.

(c) In Zone Two, Region Five (Counties of Broome, Chemung [east of State Route 14], Schuyler [east of State Route 14], Seneca, Tioga, Tompkins, and Wayne [east of State Route 14]), as such zone and region are defined in section 1310 of the Racing, Pari-Mutuel Wagering and Breeding Law, the following fees will apply to counties as designated below:

(1) $85,000,000 for a gaming facility in Broome, Chemung, Schuyler, Tioga or Tompkins Counties;

(2) $135,000,000 for a gaming facility in Wayne or Seneca Counties; and

(3) $70,000,000 for a gaming facility in Broome, Chemung, Schuyler, Tioga or Tompkins Counties, if a license is awarded for a gaming facility located in Wayne or Seneca Counties.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 602.1

Adopded, New York State Register August 27, 2014/Volume XXXVI, Issue 34, eff. 8/27/2014