Cuomo Raises the Stakes on Racinos … Again
In another development in the New York casino saga, Gov. Andrew Cuomo sent a message to racinos on Saturday: If they don’t get on board with his plan to allow new casinos on non-Indian land, they may face competition from a VLT-only casino in New York City.
The message came in the form of amendments circulated to legislative negotiators after the New York Gaming Association expressed dismay at the legislation, stating that they would be unable to compete with the proposed casinos.
“There are multiple drafts of legislation floating around, all of which are outdated,” Richard Azzopardi, spokesman for Gov. Cuomo, told the Blood-Horse. “That said, final legislation will anticipate what actions the state may take both if the referendum passes and if it doesn’t. If the casino referendum fails, we will propose offering more high-end VLTs to combat the loss of revenue to neighboring states and secure new funding for our schools.”
It remains unclear how long lawmakers have to pass the language connected with the proposal, which is part of a state constitutional amendment, in order for it to appear before voters in November.
Read more at the Blood-Horse