New Delhi, Nov. 12 -- NYC's casino licensing race promises unprecedented growth amid skepticism over projected tax gains and local impacts.

New York City stands on the cusp of a historic transformation as it prepares to welcome up to three new full-scale casinos, promising to inject billions in investments and tax revenues into a city eager for economic revitalization. This ambitious casino licensing race, set to conclude by the end of 2025, has dominated headlines across financial and political landscapes, promising an economic boom but raising important questions about fiscal benefits and community impact.

The final contenders, including renowned giants such as Resorts World, Bally's, and Hard Rock, have submitted bids laden with gran...