Not exact matches
Ultimately,
in an acknowledgment of the increasingly crowded
gambling market, the state board wound up awarding three licenses, not four: a $ 300 million casino
in Schenectady, north of Albany; a $ 450 million
resort in the Finger Lakes town of Tyre; and,
in the Catskills - Mid-Hudson
area, a $ 750 million project near Monticello.
When the application process began, the state's plan was for as many as four
gambling resorts in three upstate regions and possibly up to three more
in the New York City
area within seven years.
Smaller
gambling developments proposed
in economically strapped
areas should be able to compete with
resort projects proposed by big - name companies
in more affluent
areas, the head of the state Gaming Commission said of the contest to win up to four casino licenses upstate.
While that accounts for a 3.2 percent increase overall,
gambling companies
in New York are opening up to four new
resort - style casinos
in Schenectady, the Catskills and
in the Finger Lakes, with
gambling regulators due to award a fourth license to a Binghamton -
area project as well.