New York Statutes

§ 1316 — Minimum license thresholds

New York § 1316
JurisdictionNew York
Law PMLRacing, Pari-Mutuel Wagering and Breeding Law
Title 2Facility Determination and Licensing: Upstate Gaming Facilities
Art. 13Destination Resort Gaming

This text of New York § 1316 (Minimum license thresholds) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 1316 (2026).

Text

§ 1316. Minimum license thresholds. No applicant shall be eligible to\nreceive a gaming license unless the applicant meets the following\ncriteria and clearly states as part of an application that the applicant\nshall:\n 1. in accordance with the design plans submitted with the licensee's\napplication to the board, invest not less than the required capital\nunder this article into the gaming facility;\n 2. own or acquire, within sixty days after a license has been awarded,\nthe land where the gaming facility is proposed to be constructed;\nprovided, however, that ownership of the land shall include a tenancy\nfor a term of years under a lease that extends not less than sixty years\nbeyond the term of the gaming license issued under this article;\n 3. meet the licensee deposit requirem

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Bluebook (online)
New York § 1316, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PML/1316.