Sentences with phrase «video lottery terminal»

And while they are entering a crowded field, analysts believe the existing racinos, or combination harness tracks and video lottery terminal parlors, face the stiffest challenges, especially if they are near newly built casinos.

In the audit, DiNapoli did acknowledge that NYRA does a good job of accounting for video lottery terminal, or VLT, revenue that is used in part for capital improvements.

Opponents of a proposed Video Lottery Terminal Casino in Suffolk County are suing to overturn its approval by the Islandia Village Board.

State Sen. John Sampson has given his approval of Genting NY's bid for the video lottery terminal contract at Aqueduct Race Track.

Gural last spring convinced lawmakers and Gov. Andrew Cuomo to grant a tax break to another of his properties, the Vernon Downs harness track and video lottery terminal «racino.»

A man uses a video lottery terminal on Saturday at Resorts World Casino at Aqueduct Racetrack.

The legislative changes will include provisions to help video lottery terminal operators, located at several harness tracks and Aqueduct Race Track, generate additional revenue; measures that will increase aid to education.

Cahill's legislation would allow video lottery terminal, or VLT, licenses in Ulster County for two existing resorts, though the bill does not name specific businesses.

State Sen. John Sampson (D - Brooklyn), the Democratic leader of the Senate, acknowledged sending a memo to a former colleague - turned - lobbyist representing Aqueduct Entertainment Group that led to AEG changing the terms of its bid for the video lottery terminal contract at Aqueduct.

Gural recently said he wants to cut the number of video lottery terminal or VLT machines at Vernon Downs from 750 to 550 to free up more space while boosting the facility's catering business.

The group also fears Saratoga could be shortchanged on video lottery terminal revenues used to support operations and capital improvements.

The winner in the drawn - out bidding process gets the franchise to build and manage a video lottery terminal facility at the Aqueduct Race Track in Queens.

Newsday: «Nassau County may have hit it big with the video lottery terminal deal at Aqueduct Racetrack, and if the cards are played right, many nice jackpots could result.»

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.

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.

The newly adopted resolution is aimed at protecting video lottery terminal casinos that are attached to Aqueduct Racetrack in Queens and Yonkers Raceway in Westchester County, as well as the under - construction Montreign Resort Casino in Sullivan County in the southern Catskill Mountains.

Fearing what could be a 40 percent reduction to video lottery terminal business in the racino at their track, a group of horsemen based at the Finger Lakes Racetrack in Ontario County are calling for the proposed Lago casino to make up some of the difference in order to support the thoroughbred racing there.

Mangano's 2016 budget proposal, released Tuesday, projects $ 20 million in new revenue for the county from the video lottery terminal parlor.

[Transportation Alternatives] A law firm hired by Gov. David Paterson to help expedite the Aqueduct Racetrack Video Lottery Terminal project has ties to one of the bidders.

NEW YORK, May 11 (Reuters)- The New York Lottery said on Tuesday it restarted its search for a video lottery terminal vendor for Aqueduct Racetrack after the previous choice was rejected amid state and federal probes.

The penalties range from written warnings for lottery ticket retailers involved in a first violation, to $ 25,000 for un-escorted minors in Video lottery terminal parlors, race tracks or OTB tele - theaters.

A new report finds that growth has been at the expense of other already existing gambling businesses like video lottery terminal casinos.

The Senate MajDemocrats just issued a press release announcing they are supporting the state Lottery Division's recommendation of Genting NY to operate Video Lottery Terminals at Aqueduct in Queens.

Money for the public matching fund will come from a portion of the county's proceeds of video lottery terminals at Off - Track Betting parlors.

The racino, with 4,500 video lottery terminals, is expected to generate from $ 450 million to $ 600 million per year.

I do not believe that bailing out this casino with people's hard - earned tax dollars is the appropriate way to go about addressing this issue, especially given the fact that there are other gaming facilities with video lottery terminals who continue to struggle as a result of casino decisions and have not received the same level of support now being requested.

And following a recent agreement between Genting Group, the parent company of Resorts World New York, which is located on Aqueduct grounds, and Nassau County Off - Track Betting, the casino is set to get 1,000 new video lottery terminals, bringing the facility's gaming capacity to approximately 6,000 VLTs.

And despite opposition from anti-gambling advocates, the Saratoga County Chamber of Commerce and Donald Trump, a confluence of events in 2001 led to the legislature's approval of Video Lottery Terminals (VLTs) at race tracks in New York.

Suffolk OTB plans to open the casino at the Islandia Marriott hotel in February with 260 slot - machine - like video lottery terminals, and eventually expand to 1,000 machines.

Without video lottery terminals at Aqueduct, NYRA is estimated to be receiving $ 1 million a day less than anticipated since its 2008 franchise agreement.

Revenues for video lottery terminals alone did set a new record, at nearly $ 2 billion, according to the New York Gaming Commission.

AEG was the only firm to revise the amount of its bid, going from lowest to highest in the projected amount of revenue it would raise through video lottery terminals at Aqueduct Racetrack in Queens.

The state, which licenses Tioga's racing and video lottery terminals, takes 37 percent of the profits.

NYRA had hoped video lottery terminals would be in place at Aqueduct to generate needed revenue, but the state's failure to name a gaming operator has been delayed several times and the bidding process was recently reopened.

Cuomo, in perhaps another attempt to win a deal with the Senecas, says in his bill that if the disagreement continues, then the state would site two additional Video Lottery Terminals, which are essentially slot machines, in Western New York.

Muscarella also defends his support for video lottery terminals at Belmont Park, a strategy that netted Nassau millions when the machines went to Aqueduct Racetrack instead.

«Nixon Peabody will review all legal questions connected with video lottery terminals,» Romaine said.

Racinos, which operate only out of the state's racetracks, include electronic video lottery terminals, not table - top gambling and other forms of gaming found in Vegas - style casinos.

Courtney Norris, a spokesperson for CDI, said Churchill Downs is excited to strengthen its relationship with Saratoga Harness Racing, which has video lottery terminals — effectively computerized slots and table games.

Right now, video lottery terminals (essentially, electronic slot machines), are legal in New York State, but table games with human dealers, like poker and blackjack, are not.

«NYRA relies on Video Lottery Terminals to stay in the black, but that revenue stream isn't guaranteed to continue as strongly, especially as new casinos open up across the state,» DiNapoli said.

In an accounting of NYRA's financial condition for the first half of 2015 prepared for today's board meeting in Saratoga Springs, the association reported an operating loss from racing operations of $ 6.1 million before income from video lottery terminals are factored in — a loss that's 25.5 percent larger than the $ 4.9 million operating deficit for racing racked up during the same period in 2014.

With 1,000 new video lottery terminals coming to the Resorts World racino at Aqueduct in Queens, supporters of thoroughbred racing are worried that the new devices could eventually detract from the money that the VLT parlor gives to the state's race tracks.

The Buffalo company hired by Suffolk OTB to build a mini-casino with up to 1,000 video lottery terminals has asked Islandia officials for a permit to build the facility at a 10 - story hotel in the village.

Language for a new New York City racino was removed, but video lottery terminals for Long Island was added.

The racetracks were approved to get video lottery terminals in 2001, when Pataki signed a historic gaming compact that allowed for three Indian - run casinos in the Buffalo area and the Catskills, although the Catskills never got theirs.

It's unclear how many video lottery terminals would be placed on Long Island or where, specifically, Bonacic said.

Aqueduct Entertainment Group promised the state an additional $ 100 million — the company's original bid was $ 151 million — if the state will add more video lottery terminals at the casino.

The license will allow Tioga Downs to complete its transformation into a full - scale casino, replacing the current Video Lottery Terminals with slot machines and allowing the facility to add Blackjack, Roulette, Craps, a Poker Room and other casino card games that would be permitted by the gaming commission.

YONKERS - In the face of New York State's $ 15 billion budget gap, Senator and Deputy Majority Leader Jeff Klein (D - Bronx / Westchester), joined by Senator Andrea Stewart - Cousins (D - Yonkers), and the Director of the NYS Lottery, will propose the expansion of gaming options at the New York State's existing video lottery terminals (VLTs) and electronic gaming tables as a way to generate a projected $ 145 million in education funding.