Half is expected to come from current casino spending at New
York racinos (21 percent) and Native American - owned casinos (30 percent).
Featherstonhaugh's group is pushing for the racinos to be the priority sites for the seven proposed new casinos; the outcome of the Seneca exclusivity case could determine if the western New
York racinos could be in the mix.
New
York racino tax revenues, though, rose from $ 871 million to $ 938 million, but revenues from horse betting fell from $ 23 million to $ 22 million.
Not exact matches
Lawmakers are also considering measures for financial relief for the Vernon Downs
racino in the Mohawk Valley, speed cameras for New
York City.
The omnibus extraordinary session package also provides a financial incentives to entice Vernon Downs
racino and harness track to remain open; offers $ 55 million in relief for Lake Ontario communities ravaged by flooding; tweaks a law to allow New
York City first responders to receive an accidental disability pensions even if they don't receive a federal Social Security disability pension; and creates a 250 - acre forest land bank to allow for certain public utility projects under a constitutional amendment.
A group of state lawmakers from the Mohawk Valley is asking for New
York Governor Andrew Cuomo's help in pressing Assembly Speaker Carl Heastie to introduce a relief package for a
racino.
New
York State allows gaming, from Native - run casinos to
racinos that host video slots to Off - Track Betting centers.
Jeffrey R. Gural, the chairman of Newmark Knight Frank and the owner of two upstate
racinos that are members of the New
York Gaming Association, said he had contributed about $ 200,000 last year to the committee, chiefly because he supported Mr. Cuomo's agenda and shared the governor's view that public employees unions had grown too powerful in Albany.
A New
York Supreme Court Judge this week threw out the lawsuit while saying New
York's casino law does not require protection of
racinos.
The Senecas have withheld more than $ 450 million in payments to the state, because it believes New
York has violated its 2002 exclusive rights gaming compact by allowing for gaming devices at so - called
racinos, like the Hamburg Fairgrounds and Batavia Downs.
Downstate New
York figured out how to do it —
racinos.
«The governor and Legislature need to acknowledge the faith the betting public has in the
racinos currently operating and the importance of each to education and agriculture in New
York state,» said Gary Greenberg, a minority owner at Vernon Downs racetrack in central New
York.
Language for a new New
York City
racino was removed, but video lottery terminals for Long Island was added.
The New
York Gaming Association, which advocates for the interests of the state's nine
racinos, filed a complaint alleging that several entities pushing a bill that would legalize daily fantasy sports betting have improperly failed to register as lobbying entities.
At issue for the
racinos was the concern the original proposal would have given a competitive advantage to the casinos, which are due to be constructed north of the New
York City area in the first round.
It extended mayoral control of New
York City schools and local tax measures, provided $ 55 million in flood damage relief and aided the Vernon Downs
racino.
The operators of a western New
York racetrack and video lottery terminal
racino are suing the state over a siting board's recommendation that a full - scale casino license be granted to developers of the proposed Lago project.
True, many New
York City people will travel to Saratoga for the horse season, but they do not travel that far for the
racino, nor do they travel to the Turning Stone.
A
racino for New
York City — an 11th hour proposal from Cuomo designed to limit opposition from existing
racino operators for an expansion of non-American Indian table - top gaming — has been jettisoned, Bonacic said.
The New
York Gaming Association, which represents the state's nine
racinos, announced its backing of the casino bill, declaring it would throw its «full support» behind the expansion and the November referendum for a constitutional amendment.
Cuomo proposed a new plan for New
York's Finger Lakes Racetrack designed to compensate for the gambling dollars moving away from that track's
racino to the nearby, newly - opened del Lago casino.
But Sunday's tragic massacre of 58 concertgoers by gunman Stephen Paddock could prompt a reassessment of procedures and even state regulations regarding security measures at New
York's three new casinos, including Rivers Casino & Resort in Schenectady, as well as the state's older
racinos offering harness racing and video lottery machines.
In New
York, five Indian - run casinos are now operating, all of them upstate, and limited electronic gambling is permitted at so - called
racinos at nine racetracks, including one at Aqueduct that Genting opened last year.
If it were to be allowed in New
York, most agree that the state's casinos and
racinos, which offer video lottery terminals and OTBs, would want to participate.
Resorts World Casino was New
York City's first legalized gambling «
racino» at Aqueduct Racetrack.
The decision is critical locally, because New
York Racing Association is slated to get a significant share of Aqueduct
racino revenue, much of which would be spent on Saratoga Race Course improvements.
The Las Vegas massacre could prompt a reassessment of procedures and state regulations regarding security measures at New
York's three new casinos, as well as the state's older
racinos.
The state Lottery Division has «unanimously» and «with genuine enthusiasm» recommended the last bidder standing, the Malaysian - based Genting New
York, to receive a lucrative contract to develop and operate a
racino at the Aqueduct racetrack in Queens.
The final legislation renames the Tappan Zee Bridge after former Gov. Mario Cuomo; provides a financial incentive package to entice Vernon Downs
racino and harness track to remain open; offers $ 55 million in relief for Lake Ontario communities ravaged by flooding; tweaks a law to allow New
York City first responders to receive an accidental disability pensions even if they don't receive a federal Social Security disability pension; and creates a 250 - acre forest land bank to allow for certain public utility projects under a constitutional amendment.
Only 3 percent of registered New
York voters believe the state made the right choice in Aqueduct Entertainment Group for the new Queens
racino deal, according to a Siena Research Institute poll conducted last week.
Some of those casinos have felt the pinch of more regional competition, including the debut in 2011 of highly lucrative Resorts World Casino, a
racino in the New
York City borough of Queens.
They will be competing for at least some gambling dollars now going to New
York's
racinos.
Based on calendar year data, revenues for
racinos in New
York went from $ 878 million in 2013 to $ 864 million in 2014 for a drop of almost 2 percent.
The Sterling Forest casino would be just an hour's drive from New
York City and would be operated by the same company that runs the Resorts Word
racino at the Aqueduct racetrack in Queens.
Lottery revenue grew nationally and in New
York, while
racino revenue, with video lottery terminals, rose as well.
As new casinos open, or if existing
racinos are converted to casinos, it is likely that much of the customer base for such facilities will also be in New
York.»
The three new casinos joined a crowded New
York gaming market that includes a half dozen tribal casinos and 11 video lottery gaming centers — often called
racinos.
«Any time more gaming supply is introduced into the market, it leads to operational challenges,» James Featherstonhaugh, president of the New
York Gaming Association, which represents
racinos, said in an email.
Developer Jeff Gural threatened to shut down money - losing Vernon Downs, a harness track and
racino in central New
York, unless the state gave him a better deal.
Could last week's arrest of New
York State Senator Malcolm Smith of New
York City revive a somewhat dormant investigation of possible wrongdoing in the awarding several years ago of a license to operate a
racino at the Aqueduct Race Track in Queens?
But the Resorts World - financed survey found that two - thirds of Queens primary voters favor turning their Aqueduct
racino into a full - gambling operation — a prospect the owners would welcome, according to reports in the New
York Post.
Mr. Gural owns two
racinos in Upstate New
York; Tioga Downs and Vernon Downs.