The approval of Proposition 1 in Tuesday’s voting allows for the building of four non-American Indian-owned upstate casinos in the Southern Tier near Binghamton, the Catskills and Mid-Hudson Valley region, and the Saratoga Springs-Albany area.
New York state voters on Tuesday authorized seven Las Vegas-style casinos to be built to boost the economy.
It’s been a low-profile campaign for a high-stakes proposition. Should New York State go “all in” for casino gambling? To the surprise of some voters, the question will be on the ballot on Tuesday
Two events were held Thursday in New York City for and against the proposal that, if approved, would allow the development of as many as seven casinos across the state.
Thomas Suozzi and Ed Mangano are expected to join labor unions and business groups in support of the ballot referendum called Proposal No. 1.
Revel emerged from Chapter 11 bankruptcy protection last week. The move to allow smoking was part of the casino’s rebranding effort.
The pre-planned Chapter 11 filing wiped out $1.2 billion of the casino’s $1.5 billion in debt, by giving lenders an 82 percent ownership stake.
A proposal to build a major Long Island casino with video slot machines is part of closed-door negotiations to expand casino gambling in New York, according to the head of the Nassau County Off-Track Betting Corp. and a legislative bill.
Casinos can partner with fantasy league operators to let them run the tournaments. The gaming halls can also take entry fees and pay out winnings at casino cages, according to the regulations.
They thought the fallout from Madoff was bad? What if a rostered lunkhead got caught in their gaming hall?
Baseball and blackjack? The owners of the Mets were all in on a 2011 proposal for a casino next to Citi Field, only to be rejected by the Bloomberg administration, according to the New York Post.
The president of Atlantic City’s largest casino workers’ union called on Gov. Chris Christie to sign an Internet gambling bill, saying online betting revenue could make the difference between two or more casinos surviving or having to close.
Last week, Atlantic City reported its annual revenues at just over $3 billion. Pennsylvania’s slots and table games brought in $3.16 billion in gross revenue in 2012, according to the state’s Gaming Control Board.
Closures due to the storm sent Atlantic City’s casino revenue plunging nearly 28 percent last month.
With Hurricane Sandy taking aim at New Jersey, Gov. Chris Christie ordered Atlantic City’s 12 casinos to shut down by Sunday afternoon as part of his statewide emergency declaration.