The race for downstate New York casino licenses has reached a critical stage as eight bidders submitted their final applications by the June 27 deadline. The New York State Gaming Facility Location Board is expected to issue up to three licenses later this year, with developers competing for a share of what analysts estimate could be a $4.4 billion annual market. Among the high-profile bids is Freedom Plaza, a project by the Soloviev Group and Mohegan. Their proposal includes an $11 billion mixed-use development in Midtown Manhattan with a casino built beneath a five-acre public park, over 1,300 housing units—nearly…

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