Andrew Cuomo Wins Agreement for Four Upstate Casinos
The Governor of New York, Andrew Cuomo, has reached a deal with lawmakers to license four Las Vegas style casinos in an attempt to boost the upstate economy.
According to New York law any new gambling measures need to be approved in two consecutive legislative sessions and a public referendum. Last year lawmakers approved Cuomo’s plan and this week they agreed to pass it before the current session ends.
The new measures will see two rounds of casino licensing, the first will result in four upstate casinos and in seven years’ time another three casinos will be allowed.
Cuomo is hoping that his plan will help revive the upstate economy.
According to Cuomo the cost of government in the region rose by 47% from 2000 to 2010 as the population fell by 1.4%. There are already five casinos in New York operated by Indian tribes as well as slot machines at nine race courses.
However, not everyone is in favour of Cuomo’s plan. The New York Gaming Association, which represents horse tracks with slots, does not want to permit non-tribal operated casinos. Instead, the group wants permission for the “racinos” to expand to become Las Vegas style casinos.
A public referendum is expected in November of this year.