CARS HOMES JOBS
 

Racinos back governor's casino bill

By Lombardo David
Thursday, June 20, 2013

The state's nine racinos approve Gov. Andrew Cuomo's plan for four upstate casinos.

James Featherstonhaugh, president of the New York Gaming Association, which represents the nine racinos, said they're backing the bill and will support the referendum this fall.

"The inclusion of competitive tax parity, a plan that keeps the three Western New York racetrack casinos as vital partners to state and localities, and the assurance that our two successful downstate partners can continue providing good paying jobs and generating significant funding for schools are significant improvements from earlier drafts of this bill and critical to our support," Featherstonhaugh said in a statement.

"We appreciate the vision of Governor Cuomo and the legislature in recognizing the significant contributions made by our members to the state in terms of education funding and job creation," he added. "We look forward to continuing to partner with the state to enhance and improve upon the tourism dollars that will benefit all New Yorkers.”

The bill also changes the license fee, as the initial $50 million fee was criticized by one racino owner.

A full story on the bill is available HERE.

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