Study: New York Racino Revenues Up 5 Percent

Written by Jon Lentz on . Posted in Features, Heard Around Town, News, Racing/Wagering

James Featherstonhaugh New York’s racetrack casinos posted record growth in slot machine revenue in the first quarter of this year, according to figures compiled by the New York Gaming Association, an industry group. The state’s nine racetrack casinos saw gross revenues rise by about $23 million to $472.9 million, an increase of more than 5 percent. At the same time, competitors in Atlantic City, Connecticut and Pennsylvania experienced declining revenues. “The numbers don’t deceive,” James Featherstonhaugh, the New York Gaming Association’s president, said… [More]

Sin City? Where The Mayoral Candidates Stand On Casinos

Written by Nick Powell on . Posted in Racing/Wagering

Mayor Michael Bloomberg has never been a big fan of casino expansion in New York City. When the proposal for a casino at Willets Point recently surfaced, his administration quickly shot it down, saying it had been dismissed months earlier. When Gov. Andrew Cuomo announced that the first phase of any casino expansion would be exclusively in upstate New York, the mayor wasn’t disappointed, saying a casino might not even be “appropriate” in New York City. But if Las Vegas-style… [More]

2013 Legislative Preview

Written by City & State on . Posted in Budget/Taxes, Economic Development, Education, Energy, Environment, Health Care, Housing, Labor/Unions, Public Safety, Racing/Wagering, Real Estate/Construction, Transportation

Gov. Andrew Cuomo’s 2013 legislative agenda was already poised to be an ambitious one, with education reform, economic development and creating a state campaign finance system among the governor’s crowded list of policy goals. Then came Superstorm Sandy, which pummeled New York City, and the tragic shootings in Newtown, Conn., and Webster, N.Y., crises that immediately shifted the state’s priorities and added a whole new set of challenges to be overcome. “The agenda that we laid out today is clearly… [More]