"Genting Group's multibillion-dollar wager on a huge convention center in Queens is really not that risky a bet for the operators of the state's newest racino at Aqueduct Racetrack. But it could be a poor one for our area if Albany doesn't incorporate long-term plans and funding for the future development of Belmont Park and the desire of Southhampton's Shinnecock Nation to open a tribal casino as part of a comprehensive regional plan.
The gamble by Genting, an international gaming giant, is that 20 months from now, the odds will be heavily in Aqueduct's favor to win one of seven licenses to operate a Las Vegas-style casino if New Yorkers approve a change to the state constitution.
Newsday editorialized in support of that change last week after the State Legislature started the process by passing for the first time a proposed amendment to eliminate the ban against gambling in the state constitution. If lawmakers pass it again next year, voters will get the final say on Election Day in 2013. If voters approve, an auction for the licenses would follow."
Get the Story:
Editorial: More gambling questions to consider
(Newsday 3/24)
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
Menominee Nation sees delay for off-reservation casino bid Seneca Nation to unveil plans for permanent Buffalo casino
Indian Gaming Archive