New California gambling license could increase state’s gambling revenues

By Nick FassbenderPublished Mar 02, 2017 12:23AMNEW CALEDONIA, Calif.

— New California has the first licensed gaming industry in the nation.

The Gaming Commission on Wednesday approved a $4.5 million licensing agreement for a licensed casino and resort in the state’s most populous city.

New Caledonia’s Gaming Commission approves licensing agreement.

The commission unanimously approved the deal, saying it will provide additional revenue and jobs to the state and generate more than $3 million in new tax revenue annually.

New California also expects to attract tens of thousands of gaming visitors annually as more people try out its casinos, hotels and resorts.

The deal was approved by the New Caledonians Gaming Commission, which also includes the New Jersey Gaming Commission and the Los Angeles-based Los Angeles County Board of Supervisors.

New York has already approved licenses for the first three casinos in the country.

The gaming commission said it is not the first time California has secured a gaming license, and that the state will continue to seek the approval of other states for its casinos and resorts as the economy strengthens.

The state has not yet announced whether it will offer a license to Las Vegas, which is owned by Sheldon Adelson, a Las Vegas Sands Corp. co-founder who has been vocal about his opposition to same-sex marriage and abortion.

New Jersey’s casino operator has been lobbying the New York Legislature for the right to set up its own casino.

New Hampshire is the last remaining state in the union without a casino license, but it is planning to open its first licensed casino in 2019.

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