Saturday, April 21, 2012

NYCasinos News Update

Editorial: NY needs casino checks, balances - Newsday
“$104 million -- That's the amount of gambling revenue booked in New York's current financial plan from the Seneca and Mohawk nations under their tribal- state compact. Yet it's likely that another year will pass without checks from the Seneca Nation and St. Regis Mohawk Tribe, which are withholding millions in payments on the claim that the state violated their compacts by letting racinos operate too close to their casinos. One more reason why New York needs a comprehensive plan that settles these disputes before it expands gaming.”

Foxwoods CEO: Competition may spur online gambling - newstimes.com
“The chief executive of Foxwoods Resort Casino says rising competition is forcing the Indian-run casino in eastern Connecticut to consider online gambling and other changes.

Scott Butera, in an online discussion Thursday with The Day of New London, said supply in the casino business is clearly outpacing demand. Gambling has been legalized in Massachusetts, though casinos are not expected to open for a few years. Casinos in New York also are taking a greater share of the market.

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