New York City casino economics: 1>3

A single New York City casino license may produce a gaming changing entertainment destination like Singapore’s Marina Bay Sands. (Photo credit: Marina Bay Sands)

A multibillion dollar casino complex in New York City would give the region a much needed economic jolt in the wake of Covid. But if New York State issues the three casino licenses permitted by law for the downstate metro area, New York City won’t get a showplace integrated resort worthy of the leading US market. A single license is New York’s best bet for tourism, business and jobs.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes, columnist/correspondent for Asia Times, and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

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