Governor Andrew Cuomo has talked at times of having a full-fledged casino in New York City ? a worry to some North Jerseyans who dream of massive revenues from a Meadowlands casino. The idea is a pipe dream for now because neither Governor Christie nor state Senate President Stephen Sweeney have any interest in such a structure due to concerns for the welfare of the struggling Atlantic City casino industry.
But now it?s looking as if New York may not be moving forward with their gambling version, either, in the near future.
That?s based on Cuomo?s state of the State speech on Wednesday:
from that link:
?On gambling, Cuomo proposed that an expansion of gambling in New York begin with three casinos upstate and none in New York City. The state Legislature is expected this year to consider final passage of an amendment to the state constitution that would allow up to seven Las Vegas-style casinos beyond Indian land. If approved by lawmakers, voters could make a final decision on the amendment in November.
Cuomo said he would propose a ?phase one? plan focusing on three upstate casinos. The governor said he wants to bring visitors from downstate and other states to upstate areas. A gaming commission would pick the best locations and revenues would be split 90 percent for education and 10 percent for property tax relief.?
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Here?s the exact language from the speech:
?We can also revitalize the Upstate economy by increasing tourism through destination resorts and casinos. Some may say the State is not in the casino business, but nothing could be farther from the truth. The fact is that gaming already exists throughout New York State. Native Americans have five casinos, and there are nine racinos at the race tracks in New York State. In fact, New York State now has more than 29,000 electronic gambling machines, which is more than Atlantic City and more than any state in the Northeast or Mideast.
New York has three gaming facilities with over 4,000 machines. No casino in Atlantic City, Pennsylvania, or Nevada has over 4,000 machines. We don?t fully realize it, regulate it, or capitalize on it, but we have gaming.
New York State is also surrounded by gambling. States and Canadian provinces just across our borders have legalized casino gambling, and they are the beneficiaries of the tourism, revenue, and good jobs that could and should be in New York. In fact, there are 39 casinos in adjacent states and provinces, and this does not even include the three casinos that are likely coming to Massachusetts, 9,508 slot machines at 14 racetracks in Ontario, and 12,000 Video Lottery Terminals (VLT?s) in 2,000 facilities in Quebec.
The State Legislature gave first passage to a Constitutional amendment, which calls for a maximum of seven casinos in New York State.69 This year, the Governor will propose a Phase One casino gaming plan to go along with the measure, which must again be resubmitted and approved by the Legislature in 2013 and will then be subject to ratification by the electorate.
Governor Cuomo proposes the following elements for the casino gaming plan:
? Begin by locating up to three casinos in Upstate New York.
? No casinos will be located in New York City ? the plan is to bring downstate New Yorkers and other visitors to Upstate.
The Gaming Commission will pick the best locations and the plan must have local government and community support.
? Any revenue raised under the plan will be split 90 percent for education and 10 percent for local property tax relief.
Casino gaming has significant potential to be a major economic engine for New York State. It is estimated that over $1 billion of economic activity can be generated from casino gaming, and passing a Constitutional amendment would allow New York to maximize and rationalize its opportunities. Limiting casino gambling to no more than seven facilities also guarantees there will not be an excessive proliferation of casinos within New York State.?
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Source: http://blog.northjersey.com/meadowlandsmatters/4662/meadowlands-casino-backers-will-like-this-news/
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