Lots to digest here, John. Funny how the same names keep resurfacing...Cappelli and his buddy Trump...claims that there wiill be no casinos in NYC, until the largest operator in Asia gets involved...and on and on. It'll be interesting to see what develops.
Re: Players and politics
ProfR
3/30/2012 8:43:56 AM
Yes, it is all the same people. Sad to see so much time and money spent on something like this. Pretty soon there will be one casino per every person in the nation.
Re: Players and politics
Phoenix
3/30/2012 11:38:08 AM
It looks like the state is exploring every avenue of making money. I hope is not a sign of desperation. In your opinion what are the other options available for the state to address the budget shortfalls?
Gaming for improvements
impactnow
3/30/2012 11:46:51 PM
Gambling has always been part of NY in the racetracks, OTB, lottery etc. I think the expansion to gaming is showing creativity in raising money rather than raising taxes. Gaming employees people and provides revenue in the form of tourism. If it provides needed improvement to residents for the stat and it appropriately regulated I support it.
Re: Gaming for improvements
John Jordan
3/31/2012 7:13:07 AM
As New York and many other states grapple with difficult issues as: healthcare, Medicaid and pension reform, increasing revenues will be critical for states and municipalities. I never thought in my lifetime that I would see the construction of a new Tappan Zee Bridge and gambling legalized in New York State. What's next? Bringing back the Brooklyn Dodgers, New York Giants and the death penalty?
I think that casino gambling in New York state makes a LOT of sense, both from an economic standpoint and in terms of uniting the Upstate and Downstate personalities of the state as well as the branches of state government, which are very, very different.
There is successful precedent for "boondocks" development. When the SUNY system was built in the 1960s, '70's and '80s one of the goals was to bring educational institutions and employers to small far-flung towns in all areas of the New York State. The casinos, not being restricted to Indian Reservation land, can do the same thing.
That will spur additional economic development and allow SUNY campuses to offer hospitality programs, applied technology programs (those machines need lots of programming and upkeep) and construction jobs.
Of course, big New York developers will make money, but at least it will be more transparent than using native American tribes as fronts for international money.
This seems like a clear-cut case, of "if you build it, they will come." Good job, Governor Cuomo!
Re: Dollars and Sense
Broadway
3/31/2012 3:06:09 PM
Not sure how many of you have actually driven through Upstate New York recently, but it's pretty desolate. There are whole swaths that have always been desolate -- see Lisle, NY. There are whole swaths that are desolate dumps now because they have not transitioned well in the 21st century --- the Buffalo/Niagara Falls area and most anywhere along the Erie Canal. The gaming industry in the area is already heavily competitive with Native American gambling halls. Nearby PA has its own gaming system now. For big gambling, you can go up to Foxwoods in Conn. or travel to A.C., particularly in the summer. That leaves these gambling halls in farflung corners of the state to locals. There will be far more government-subsidized income leaving the state in the form of losses to the House, than the House pays in winnings and salaries.
I'm pretty familiar with the Adirondacks but less so with the Buffalo area and the area along the Erie Canal. Would these areas draw from Canada? Do they already? Seems like that would be a GREAT additional market for these areas.
Re: Dollars and Sense
tokyogai
4/2/2012 9:08:13 AM
They draw a lot from Canada, for a host of reasons. I just saw a figure that more than 1M flights per year from Buffalo have Canadians on board, due to the lower prices in the states. In Syracuse, they are building a huge ( largest in the world shopping mall called Destiny) center to draw Canadians. I see no reason NY would not draw many Canadians to casinos. It is closer and lower cost than going to Vegas.
Well, there you go then, @tokyogai! Seems like casinos would be a godsend for Buffalo and other areas that draw from Canada. Didn't know about the Destiny project--whoa! I remember that the outlet malls around Buffalo were impressive but not "biggest in the world" caliber.
As for the Adirondacks, they can use all the economic help they can get. There may be a problem because the lands there are conservatory lands dedicated to remaining "forever wild." Don't know if that definition applies to casino gambling or not (!) but some of the recreational areas such as Lake George, Lake Placid and Lake Champlain would seem to be naturals.
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