Just say no
New York Speaker Silver throws cold water on NYC casinoNew York’s powerful State Assembly Speaker Sheldon Silver has come out against the idea of full-fledged casino gaming within the five boroughs of the City of New York, placing him potentially at odds with Gov. Andrew Cuomo, whose Administration has taken up the question of expanded gaming.
“I don’t want to see people going out for lunch during work and losing a week’s pay or a month’s pay,” Silver told the New York Daily News. He is said to prefer full-scale casino gaming in resort areas such as the Catskills and Saratoga Springs. “People who want real gaming, real action as they call it, don’t go to racinos.”
New York’s racetrack gaming facilities are lobbying the state legislature for the passage of a constitutional amendment that would legalize casino gaming in the state, paving the way for live table games. The facilities are presently limited to a centrally-determined video lottery system that, it says, compromises its competitiveness with neighboring jurisdictions and also costs the state hundreds of millions of dollars in lost tax revenue each year. Among the entities seeking this form of regulatory relief is Genting’s Resorts World, operators of Resorts World New York City, a racetrack gaming facility at Aqueduct in the borough of Queens, which is scheduled to open soon. The facility received the first of its 4,525 VLT’s today.
“We look forward to working with the Speaker as we build a new kind of historic destination resort that will also create tens of thousands of jobs and generate hundreds of millions of dollars in revenue at a time when New York truly needs it,” Resorts World spokesman Stefan Friedman told the News.
Gov. Cuomo said earlier this month that he is considering the legalization of commercial, non-Indian casinos, which would require a constitutional.