New York Statutes

§ 1316 — Minimum license thresholds

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