In The News

Monticello Casino and Raceway generates $24.4 million for state education

Monticello Casino and Raceway generates $24.4 million for state education

April 11, 2012

Mid-Hudson News Monticello Casino and Raceway generated $24.4 million for education in New York State during the 2011-12 fiscal year, according to data released by the New York State Division of the Lottery. A total of 39 percent of the facility’s net win goes directly to the Lottery to fund… Read more »

Slot$ more state school aid from racinos

Slot$ more state school aid from racinos

April 10, 2012

New York Post New York’s nine “racinos” generated $667 million in aid for schools last year — an increase of 28 percent. The increase was fueled in part by the opening of the Aqueduct “Resorts World” racino, which generated more than $100 million in its first five months. And Yonkers… Read more »

Tracks Tout Revenue From VLTs For Schools, And Their Profits Soared Too

Tracks Tout Revenue From VLTs For Schools, And Their Profits Soared Too

April 9, 2012

LoHud The New York Gaming Association, the lobbying group for the state’s nine racetracks, is touting the nearly $667 million that the state’s video-lottery terminals generated for education in the 2011-12 state fiscal year, which ended March 31. Records from the state Lottery shows that the net win—the amount that… Read more »

Gaming can be a royal flush for the state

Gaming can be a royal flush for the state

March 29, 2012

The Queens Courier By James Featherstonhaugh President of the New York Gaming Association New York State has been in the gambling business for decades. But for the first time in our state’s history, lawmakers in Albany are acknowledging that reality, and have started a process to take advantage of it… Read more »

OPINION: A Good Bet

OPINION: A Good Bet

March 21, 2012

The New York Observer By The Editors Yes, gambling is going on all around us, and nobody is shocked to hear about it. That’s why Governor Cuomo and the State Legislature were right to take a big step toward the construction of seven new casinos in the state. Simply put,… Read more »

New York Racetracks Touting Expansion Benefits

New York Racetracks Touting Expansion Benefits

February 28, 2012

Blood HorseBy Tom Precious New York’s nine racetracks, which are lobbying to expand their businesses into full-fledged casinos, claim 8,200 permanent jobs would be created if they are permitted to enhance their gaming operations. A racetrack-funded study estimates that letting the racetrack casinos expand beyond video lottery terminals to Las… Read more »