Statement by President James Featherstonhaugh Regarding Governor Cuomo’s State of the State Address
January 4, 2012
The New York
Gaming Association welcomes Governor Cuomo’s support for legalizing casino gaming in New York State.
casino gaming offers our state the promise of enormous economic benefits,
including the creation of more than 25,000 new jobs; the return of $3 billion
to $5 billion currently spent each year by New Yorkers at casinos located
elsewhere; and massive private sector investment.
But appropriate constraints are necessary to ensure that New
Yorkers realize the benefits of gaming, while limiting the risks inherent in
unrestricted gambling. New York’s nine racetrack casinos have already shown
that casino gaming can be implemented in an economically sensible and
socially responsible manner.
By permitting enhanced gaming at the state’s nine existing
racetrack casinos, New York can build upon our hugely successful public-private
partnership; continue to generate hundreds of millions of dollars for
education, agriculture and the equine industry; and ensure that the economic
benefits of gaming are shared across the state.