Four years ago Gov. Andrew Cuomo looked to expand casino gambling in New York and at last there have been three new licenses that will allow for new New York casino resorts to be constructed, with each of them expected to be open for business in 2017.
The three new casinos will be the Lago Resort and Casino in Finger Lakes near Tyre, a Rivers Casino complex near Albany, on a site near Schenectady and the Montreign resort near Catskills, already under construction and by far the largest of the three new developments. There are of course existing casino and gaming operations already in New York State with 9 race tracks and 5 tribal casinos, however the new properties will provide a whole lot more than just casino gaming, with restaurants, hotels, entertainment centers and poker rooms, providing much more of a resort experience than what’s available at present in the state.
The approval for the licenses and the property developments was unanimously approved and it’s the promise of much needed upstate jobs and tax dollars that were of course the deal clinchers, however there’s no guarantee of an instant success story.
There’s plenty of competition in that part of the country with Atlantic City, Maryland and Pennsylvania all having land based casinos, with Maryland in particular doing well with the excellent Maryland Live Casino seeing plenty of visitors. The downfall of Atlantic City casinos has been well documented but there are signs of improvement, and indeed of two more New Jersey casinos outside of Atlantic City, and let’s not forget that the fastest growing, indeed the only growing aspect of New Jersey casino gaming is that of its online casinos venture, which saw a steady January, providing much needed revenue for its land based counterpart.