Legal News

Cuomo Moves to Bring Casinos to New York
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

On Wednesday, New York Governor Andrew Cuomo made an agreement with state lawmakers to permit luxury casinos in New York, to breathe life into a sagging economy. The agreement would allow public and non-Native American casino gambling.

The nine racetrack casinos in New York currently employ about 5,000 people and generated about $1.8 billion in gross gaming revenue in 2012 with more than $823 million paid in taxes to the state.

New York currently (until the state constitution is suitably amended according to the agreement) allows table gambling on Native American tribal land or slot machine gambling at horse race courses.


Four resort-style casinos are planned to open initially in the Albany region, the Binghamton area, and the Hudson valley.

Cuomo said in a statement, “Today’s agreement with the legislature would establish world-class destination gaming resorts to attract tourists to upstate New York.” He praised the legislation and observed it was “a major step forward … to capitalize on this economic development and tourism potential and end the trend of letting neighboring states with legalized gaming take revenue that should be going to our schools.”

Currently, many New Yorkers who visit New Jersey, Pennsylvania and Connecticut may prefer gambling within the state.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

The deal would still have to pass through both legislatures and then voters would need to approve the constitutional amendment legalizing casino gambling.

The bill also includes a proposal for a video slot machine center in the Long Island area with about 2,000 machines.

However, the effort is seen as belated compared to New Jersey’s development of gambling in Atlantic City and the recent approval of online gambling which would allow big operators like MGM Resorts International and Caesars Entertainment Corp to launch internet gambling in that state.

Cuomo’s effort follows his promises to boost New York economy last year, and a recent federal report that shows New York state economy grew at a much slower pace in 2012 compared to national growth rates.



Litigation Attorney

USA-FL-Fort Lauderdale

Seeking a qualified Transactional Attorney with experience in litigation, covenant enforcement and c...

Apply now

Consumer Defense Litigation Attorney


SESSIONS, FISHMAN, NATHAN & ISRAEL seeks an experienced attorney to join its commercial litigation /...

Apply now

Bankruptcy and Restructuring Partner / Associate


Buckley King is seeking both a partner and a mid-level associate to represent both creditors and deb...

Apply now

Patent Attorney Burlington, VT / Lebanon, NH


DRM is seeking an experienced patent attorney having a portable book of business and a strong b...

Apply now




Search Now

Litigation Associate Attorney


Pittsburgh office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 3+ year...

Apply Now

Junior Antitrust Associate Attorney


Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks junior antitrust associat...

Apply Now

Civil Litigation (Insurance Defense) Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks civil litigation (insurance defense) associate attorney with ex...

Apply Now

Most Popular


To Top