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Experts say top casinos won’t eye New York state

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Top-tier casino operators won’t be interested in bidding for one of the four licenses to operate a casino in upstate New York, according to gambling experts who attended a casino forum Wednesday in Saratoga Springs. The majority view during Albany Law School’s annual Saratoga Institute on Racing and Gaming Law conference was that high tax rates and a lack of population centers would keep away top-of-the-line Las Vegas operators and almost ensure that racino operators ...


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comments

abaehm
August 15, 2013
11:38 a.m.

[ Flag Post ]

It doesn't surprise me that high tax rates will be keeping top-tier casinos away from the region. New York state ranks highest in state and local taxes followed by New Jersey,Connecticut, California and Wisconsin. And though New York "only" takes 80 percent of the revenue while giving just 20 percent to local community budgets..that 20 percent represent a "more significant sum of money" to much smaller county budgets.. Nothing like understating the greed of the New York state government.

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