Cuomo nixes NYC casino plans

New York /
May.May 10, 2013 10:00 AM

New York City will not be getting a casino – at least not for the next five years.

Gov. Andrew Cuomo outlined a plan to bring New York’s first three commercial gaming franchises to upstate destinations, the New York Daily News reported. Cuomo’s plan, which is subject to approval by the Legislature, also calls for a ban to casinos in the five boroughs, Long Island, and the city’s northern suburbs, in a bid to spread tourism and push gamblers upstate. 

“Tourism is a great economic generator,” Cuomo said. “We need jobs in upstate New York and economic activity in upstate New York like we need oxygen.”

He expressed his hope that city voters would support legalized gambling when the vote comes up in 2013, as a portion of the revenue would go toward public schools in the state.

An “independent selection committee” will choose locations for the first three upstate casinos, Cuomo said. The legislature will not be involved. [NYDN] Hiten Samtani


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)
Owners of some residential properties can’t hide behind LLCs anymore
Owners of some residential properties can’t hide behind LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)
Landlords take another hit: Cuomo signs expanded Loft Law
Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)
Cuomo wants to exempt NYC from prevailing wage bill
Cuomo wants to exempt NYC from prevailing wage bill
From left: Gov. Kathy Hochul, Mayor Bill de Blasio, Public Advocate Jumaane Williams, and Rep. Lee Zeldin
Here’s where the top contenders for NY governor stand on real estate
Here’s where the top contenders for NY governor stand on real estate
Governor Kathy Hochul (Getty)
Hochul downsizes Cuomo’s Penn Station plan
Hochul downsizes Cuomo’s Penn Station plan
Will 10 new towers pay for Penn Station?
MTA chair: 10 new towers may not fund Penn Station expansion
MTA chair: 10 new towers may not fund Penn Station expansion
90 Sands Street
Hotel conversions race against the clock
Hotel conversions race against the clock
Hochul urged to resolve Mario Cuomo Bridge dispute
Hochul urged to resolve Mario Cuomo Bridge dispute
Hochul urged to resolve Mario Cuomo Bridge dispute
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...