new york casinos

Casino Competition: New York Legislature Sends A Message To New Jersey

Just before the end of the legislative session, New York lawmakers sent a strong message to their neighbor regarding the possibility of new casinos being built along the border. A resolution adopted by both the Senate and the Assembly would, according to bloodhorse.com, most likely include the state of New York authorizing casinos to be […]

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NY Gaming Association Issues Annual Report; Slight Decrease In Racino Revenue In 2014

The New York Gaming Association (NYGA) today released its 2014 annual report detailing the industry’s growing statewide economic impact and highlighting the stories of a diverse cross-section of individuals who have witnessed the positive contributions of one or more of the state’s nine racetrack casinos. In 2014, NYGA members generated gross gaming revenue of $1.9 […]

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New York Attorney General Looking Into Casino License Awards

The New York Attorney General’s office may be investigating the casino license awards given out late last year due to possible conflicts of interest, according to a report by the Press and Sun-Bulletin on Monday. Attorney General Eric Schneiderman met with Tioga Downs owner Jeff Gural last week to ask questions about the awards process; […]

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Churchill Downs Inc. Loses NY Casino Bid; Gaming Board Selects Three Other Sites

The New York Gaming Facility Location Board today selected three destination gaming resorts to be considered for commercial casino licenses by the New York State Gaming Commission (“Commission”): Montreign Resort Casino in the Catskills/Hudson Valley Region (“Montreign”), Rivers Casino and Resort at Mohawk Harbor in the Capital Region (“Rivers“) and Lago Resort and Casino in […]

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Churchill Downs, Saratoga Harness Racing Announce Management Agreement

Saratoga Harness Racing, Inc. (SHRI) and Churchill Downs Incorporated (CDI) (NASDAQ: CHDN) announced they have executed a binding term sheet and are close to finalizing a five-year management contract wherein CDI will manage Saratoga Casino and Raceway in Saratoga Springs, NY and Saratoga Casino Black Hawk in Black Hawk, CO. Once finalized, the management contract […]

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New York Horsemen Voice Opposition to Seneca Casino

New York horsemen spoke out against a proposed casino near Rochester on Wednesday, citing concerns that the facility would force the closure of two racetracks. The proposed Seneca casino would shut down Finger Lakes and Batavia Downs in a matter of three years, according to a Rochester Homepage report. Although casino supporters have touted the […]

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Report: Saratoga Raceway Abandons Plans for Full-Fledged Casino

Representatives of Saratoga Casino & Raceway have scrapped plans to bid for one of the licenses that would allow a full-fledged casino to be built on the property. Instead, officials will now push for a new location in East Greenbush, according to a report in the Times Union. This comes just two days before casino […]

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Report: Saratoga Springs Council Rejects Idea of New Casino

In a unanimous vote, the Saratoga Springs City Council has taken a position against expanded gambling in the city. According to a report in the Times Union, council members approved a measure 5-0 Tuesday night that opposes a destination resort casino, expressing concern that a new gambling venue would hurt local businesses. In a plan […]

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Cuomo: Proposed New York Tax Hike Will Develop ‘Self-Supported’ Racing Regulation

In a budget plan unveiled on Jan. 21, New York Gov. Andrew Cuomo is calling for a $2 million tax increase for tracks, off-track betting, and simulcast operations to fund the industry’s regulating agency. Cuomo calls the move a way to “ensure that regulation of this industry becomes self-supporting.” Additionally, the state’s Gaming Commission budget […]

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