In the News
In the News
State's Racino Revenue Gets Big Boost From Aqueduct
NY1 News New York's racinos are turning out to be a winning proposition lately. The nine racetrack casinos owned and operated by the New York Gaming Association brought in about $1.3 billion last fiscal year; an increase of 30 percent over last year. Lottery officials...
Racino revenues jump nearly 30 percent from previous year
New York Daily News The Aqueduct racino raked in $252.7 million in net revenue for the fiscal year ALBANY— New York’s virtual casinos saw revenues jump nearly 30% in the previous fiscal year — with a big boost coming from the opening of the racino at Aqueduct Race...
Tracks Tout Revenue From VLTs For Schools, And Their Profits Soared Too
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...
Saratoga Casino and Raceway hauls record gambling take
The Business Review Saratoga Casino and Raceway took in record revenue from gambling during the past 12 months, according to new data from state regulators. The Saratoga Springs venue posted a net win of $156 million from April 2011 through March 2012, the span of the...
Batavia Downs Generates Millions For Education
WBTA Batavia Downs Casino generated nearly $17 million for New York state education. The money was raised during their 2011 fiscal year, that’s April 2011 to March 2012. Batavia Downs President Michael Kane said the revenue will go to many school districts throughout...
Gaming can be a royal flush for the state
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...
OPINION: A Good Bet
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...
New York Racetracks Touting Expansion Benefits
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...
Racetracks Say They Would Generate $3.3B From Table Games
Politics on the Hudson By Joseph Spector The New York Gaming Association, the lobbying group of the state’s nine racetracks, said in a report today that the tracks would generate more than $3.3 billion in economic output and create more than 17,000...
$3.3 billion spills to NY "if" tracks get casino games
Times Union - Capitol Confidential By James Odato The operators of the nine racinos statewide claim they will build up their enterprises in ways that would generate $3.3 billion in economic output in New York including 17,400 jobs — "if a constitutional amendment was...