Sentences with word «racino»

Rev. Floyd Flake and rapper Jay - Z have each withdrawn themselves from Aqueduct Entertainment Group amid ongoing federal and state investigations into the group's controversial and surprise selection as the developer for the new Aqueduct racino in Queens.

Gaming revenue at racinos in New York overall has rebounded last year after declining in 2014, Moody's found, increasing by 2.3 percent overall.

Most recently, the Senate Democratic leadership was embroiled in a series of scandals involving a lucrative contract for a video lottery racino at Aqueduct Race Track.

The first hit came from The Post, which reported the IG's investigators believe Sampson leaked an internal memo to the politically connected AEG, assisting the firm in landing the first Aqueduct racino contract.

Lawmakers are also considering measures for financial relief for the Vernon Downs racino in the Mohawk Valley, speed cameras for New York City.

NYGA had told the AP recently that it opposes Cuomo's casino proposal because it wouldn't provide a fair chance for racetrack racino operators to compete for a Las Vegas - type casino.

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.

But the biggest push back hasn't come from the under - funded gambling opponents, but operators of racinos, who had initially wanted fantasy sports to operate out of their facilities.

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.

Senator John Bonacic says allowing fantasy sports bets shouldn't infringe on the money generated by racinos.

New York Jobs Now is receiving most of its money from companies operating racinos in the state, including Empire Resorts, Yonkers Racing Corporation and Saratoga Harness Racing.

NYGA represents racetracks with racinos, the name for casinos that offer video slot machines and video table games.

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.

Final numbers for this fiscal year, which ends in April, aren't in yet, but one notable gaming industry consultant said revenues in New York racinos slowed in the second half of calendar year 2014.

Both gaming companies run racinos in western New York that could be hurt by a new Monroe County casino.

And if Gov. Andrew Cuomo can win approval for four new casino resorts in the state, Gural told the Journal he hopes his Tioga Downs racino into one of them.

Flake has agreed to invest $ 625,000 in the Aqueduct racino project, according to AEG.

In arguing their exclusivity rights are highly limited, the Nation referenced Video Lottery Terminal (VLT) facilities, often referred to as racinos, which operate in the heart of the exclusivity zone, as well as full scale non-Seneca casinos at the edge of the zone, specifically the new Del Lago casino near Rochester.

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.

Three of the other four Republican party bosses also said that Smith, who was mired in the Aqueduct Racino bidding scandal, also panned his bid, the paper said.

Negotiators where also able to come to an agreement on ensuring that revenue to state from racinos operating near potential casinos would be more equitable.

The gambling legislation lowers the tax rate on existing racinos, like Tioga Downs, so they can compete.

Tabone criticized Braunstein about contributions he accepted, including $ 25,000 from one developer funneled through limited liability companies — which both camps admitted was legal — and large donations from Guardian Life, a company under investigation by the state attorney general's office, and Delaware North, a bidder for the scandal - plagued Aqueduct Race Track racino contract.

The New York Gaming Association, which represents racinos, began what it called its first major advertising campaign on the exapnsion of gaming in New York and the group is working with the high - powered lobbying firm Patricia Lynch Associates.

And he was waist - deep in the Aqueduct racino scandal.

Gural is a member of the New York Gaming Association, which is aggressively pitching a constitutional amendment to allow racinos to become full - fledged casinos.

In keeping with that, some of the governor's budget proposal call for simplifying and streamlining the rules and tax brackets that VLT racinos pay to the state.

A consultant for the Gaming Association has determined that any competing casinos near racinos would cut into their revenues by 50 percent.

The analysis, which should, of course, be taken with a grain of salt, reveals that the Stockbridge - Munsee would pay less than one third the amount that racinos currently pay in taxes to the state.

ALBANY - A probe into the controversial Aqueduct racino deal is focusing heavily on the state Senate, the Daily News has learned.

Gordon Medenica, who has been the state Lottery Division's director the past five years and serves in an advisory role, provided a way to make up for lost lottery revenue if racinos lose business.

At the same time, agreements were put in place to allow western New York racetrack racinos to become full - blown casinos after agreements on revenue sharing and exclusivity were reached with the state's Indian tribes.

Cuomo added, «Do you try to find the rhyme or reason on racinos?

The contract between Resorts World's video lottery terminal racino at the Aqueduct race track in Queens and the financially strapped Nassau County OTB has been signed and they hope to have almost 500 of what will be 1,000 machines up and running in the next six months.

In New York, statewide racino net revenue has been down the past two months compared to a year earlier.

Formerly known as Rock Gaming, the company rebranded in 2016 after acquiring 100 percent ownership of casino properties in Cleveland and Cincinnati, as well as Thistledown Racino, a racetrack / gaming property in North Randall, Ohio.

«I think one of the issues that you have to really look at is if we expand a casino location or gaming are we just going to be recycling money that's already out there being spent at other racinos or perhaps some of the Indian gaming sites in the state or will we be bringing in revenue that right now may be going to a location in Connecticut or Atlantic City or what have you.»

The report pointed to advantages Lago will have over its competition, such as the Batavia Downs and Finger Lakes racinos, including location and a favorable tax structure for slot machines and table gaming.

As you know, in each of the VLT racinos across the state, the state has, through legislation, negotiated a revenue sharing agreement and such an agreement would need to be negotiated here.

For instance, they want to lower from 27 to 7 the various tax rates that racinos across the state pay.

They say a casino there would hurt racino operations in Yonkers.

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.

As citizens and politicians lead the call to thwart developers from expanding the Saratoga Racino, a choice piece of real estate belonging to a politically - connected family is emerging as a tempting alternative location for a new casino.

Aqueduct Entertainment Group, the state's erstwhile pick for the lucrative Aqueduct racino redevelopment contract in Elmhurst, Queens, is angling to sue the state for...

The new casinos authorized under the plan are del Lago, Rivers Casino Resort in Schenectady and Tioga Downs, a former racino that converted to a full casino in December 2016.

Vernon Downs was the only racino last year to post an overall reduction in revenue.