New York’s Empire City Casino Could Be Upgraded to MGM Empire City, If MGM Gains a Retail Casino License

New Yorkers who believed it was a foregone conclusion that  MGM Resorts International would get a full downstate retail casino license because it owns Empire City Casino in Yonkers received a shock on Nov. 30. That’s when MGM announced it would upgrade the gambling facility into a “world-class entertainment destination” called MGM Empire City. However, that will only happen “if” MGM gets one of the three licenses yet to be awarded.

As of Nov. 30, a New York State Gaming Commission (NYSGC) board appointed to pick the possible licensees hadn’t yet requested formal applications. So there aren’t even names of would-be casino licensees for New Yorkers to peruse, despite them having seen press releases about possible multi-billion-dollar projects for at least a year.

A clue to the regulator’s delay appeared in the commission’s meeting agenda. On Dec. 4, the commission will consider appointing a new Gaming Facility Location Board (GFLB) member.

Meanwhile, the board is more than a month behind schedule.

That delay has already resulted in statements to Bonus by state Sen. Joseph P. Addabbo Jr. The Democrat from Ozone Park told Bonus on Nov. 8 that he hoped to see the regulator “acknowledge submitted applications” by the end of 2023.

Addabbo is an outspoken advocate for expanding legalized gambling in New York, including adding online casino sites. Plus, his district houses Resorts World New York City, which may also apply for a license.

MGM Empire City Would Be An Upgrade

MGM (MGM Resorts International 39,43 -0,76%) described the existing Yonkers facility as a “video lottery terminal racino.” The company said gaining a full commercial casino license would transform the location and provide $1 billion in “new economic activity for the region.”

The Nov. 30 announcement said:

A full commercial gaming license will allow MGM Resorts to offer a casino experience that is competitive to the offerings of neighboring states, deterring the current flow of entertainment dollars from New York to gaming and entertainment properties in other states.

MGM provided no timeframe for that promise.

Also, MGM didn’t name the competing states, but Atlantic City is likely the primary retail casino concern. The New Jersey resort houses nine casinos vs. Philadelphia’s four, and the extended trip to Connecticut yields two casinos.

All three states offer sports betting, which MGM says the new Yonkers casino would also include.

The proposed MGM Empire City casino would include a BetMGM Sportsbook.

BetMGM is already one of nine mobile sportsbook operators in New York, which generates the most revenue in the country from legal sports betting.

The retail and online sports betting operator is a joint venture between MGM and Entain (Entain PLC 800,20 -4,10%).

About That GFLB

On Oct. 4, 2022, the commission appointed Quenia Abreu, Vicki Been, and Stuart Rabinowitz to the GFLB.

While the siting board would be complete with five members, the commission decided to stop at a quorum.

Then, that siting board began the months-long process of offering their recommendations for casino licensees in January 2023.

On Nov. 30, Bonus asked the regulator why the Dec. 4 commission agenda includes appointing a GFLB member. Bonus didn’t receive an immediate response.

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AI-Powered Profits: How Ohio’s Businesses Leverage Artificial Intelligence for Local Financial Gains

Embracing the AI Wave

Ohio, a state known for its diverse economic base, is at the forefront of integrating Artificial Intelligence (AI) into its commercial fabric. From the buzzing startup ecosystem to established enterprises, businesses across the state are tapping into AI’s potential to drive innovation, efficiency, and financial growth. Ohio’s public sector is also embracing AI’s transformative potential. The state’s Department of Transportation, for instance, has integrated AI for traffic pattern analysis and incident prediction, improving road safety and efficiency of traffic management.

The Retail Revolution

In the retail sector, AI is proving to be a game-changer. Stores are using AI algorithms for predictive analytics, enabling them to understand customers’ buying behaviors and predict future trends. This strategic forecasting allows them to manage inventory effectively, reducing waste and enhancing profitability.

AI’s impact is also seen in retail logistics. Ohio businesses are using AI algorithms for route optimization, ensuring quicker deliveries and lowering fuel costs, enhancing customer satisfaction and profitability.

Refining the Manufacturing Process

Ohio’s manufacturing industry, a cornerstone of the state’s economy, has also benefitted from AI integration. AI-powered automation has streamlined processes, reduced labor costs, and minimized errors. Additionally, predictive maintenance powered by machine learning algorithms helps preempt machinery breakdowns, further driving cost efficiency. AI is contributing to a greener manufacturing process in Ohio. By optimizing resource usage and reducing waste, AI plays a vital role in the industry’s drive toward sustainability, combining profitability with responsibility.

The Healthcare Transformation

Healthcare providers are harnessing AI’s capabilities to improve patient care. Predictive analytics enable early detection of potential health risks, improving outcomes and reducing healthcare costs. AI-driven virtual assistants, on the other hand, help manage administrative tasks, freeing healthcare professionals to focus more on patient care. AI has opened new frontiers in telemedicine in Ohio. AI-powered apps are assisting in remote patient monitoring and diagnosis, providing quality healthcare services to even the most remote corners of the state.

Financial Services and AI Synergy

In financial services, AI has revolutionized operations, offered personalized services and enhanced risk assessment capabilities. AI-driven robo-advisors provide customized investment advice, driving customer engagement and satisfaction. Simultaneously, machine learning algorithms power risk analytics, aiding in credit decision-making and fraud detection. AI has also made financial literacy more accessible. Ohio businesses use AI-powered apps that educate users about financial management and investing, driving financial inclusion and smarter decision-making.

Unleashing Potential in the Sports Betting Industry

Arguably, one of the most striking transformations powered by AI has occurred in the sports betting industry. Advanced algorithms analyze historical betting patterns, player performance, and match outcomes, providing insights that enable better odds-setting and personalized betting experiences.

You can experience this AI-powered advancement with these Ohio betting apps, as these platforms utilize machine learning algorithms to analyze vast amounts of data, including historical betting patterns, player statistics, and match outcomes. This development has not only improved user experience but also optimized the betting platforms’ profitability, shaping a promising outlook for the industry.

Ohio betting platforms are leveraging AI for fraud detection. By identifying unusual betting patterns, these platforms ensure fair play and maintain user trust, thereby contributing to a healthier betting environment.

The AI Impact on E-commerce

E-commerce companies in Ohio are employing AI for personalized marketing. Using advanced analytics, they tailor product recommendations based on consumers’ past browsing and buying patterns. This strategy has led to improved conversion rates and customer retention, driving financial growth. Ohio’s e-commerce industry is using AI to combat cart abandonment. By analyzing user behavior, AI tools can trigger targeted interventions, such as discount offers or reminders, thereby boosting sales.

Emergence of LegalTech

Ohio’s legal sector is leveraging AI to automate and streamline processes. Legal research, document review, and contract analysis that previously took hours can now be performed in minutes with AI tools. This has improved the efficiency of legal services and reduced costs for clients. AI is contributing to more equitable legal services in Ohio. By automating mundane tasks, it allows lawyers to devote more time to pro bono work, making legal assistance more accessible.

AI in Ohio’s Education Sector

In education, AI-powered adaptive learning platforms offer personalized learning experiences, enhancing student engagement and improving outcomes. These platforms track students’ learning patterns and customize content accordingly, ensuring effective learning and increased retention. AI is supporting special education in Ohio. AI-powered tools provide customized learning support to students with special needs, ensuring inclusive and effective education for all

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