BREAKING: New York State�s Gaming Facility Location Board has approved three casino licenses for New York City.

The board voted 5�0 to approve the licenses.

Each license requires a $500 million upfront fee, sending a total of $1.5 billion to the MTA.

All three projects include plans for Vegas-style integrated resorts with hotels, concert venues, and restaurants.

One of the proposed sites is the former Trump-owned Ferry Point property in the Bronx.

Under a previous agreement, Bally�s would pay the Trump Organization $115 million if Bally�s wins the license for that location.

The state Gaming Commission has the final say and will decide whether to ratify or reject the proposals by the end of the year.