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Amsterdam City Council Approve Casino Resolution

Amsterdam City Council Approve Casino Resolution

Amsterdam’s City Council voted this week to decide whether to support the building of a commercial casino in the city or elsewhere in Montgomery County.

Although the vote wasn’t unanimous, the council came out in support of the idea. After the vote Mayor Ann Thane said, “The City of Amsterdam is so ideally situated on the rail, on the Thruway, and on the river that this kind of project could really work for us.”

While the resolution is not a formal application for a casino, Economic Development Director Robert von Hasseln has said that there has been interest from an operator.
The city thinks that two neighboring farms just south of the New York State Thruway is the perfect location for a casino.

In total three members of the five-person council voted for the resolution, one member was absent and alderwoman Valerie Beekman abstained. Beekman said, “I don’t want to bring any bad element to our environment. I want Amsterdam to have good things. This might be a good thing, but it may be a bad thing.”

Beekman was also worried that a casino would violate already existing agreements with local Indian tribes; however, Mayor Thane said that she believes the state has already considered and dismissed this as a problem.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.