Cuomo releases his three-casino plan for upstate NY
Posted at: 06/06/2013 6:20 AM
By: Associated Press | WHEC.com
Gov. Andrew Cuomo is proposing to authorize three Las Vegas-type casinos upstate New York, a large video slot machine center in Western New York, and an open-ended moratorium on casinos in New York City.
The bill prohibits a casino in any of the five boroughs.
Cuomo made the announcement Wednesday.
Cuomo's proposal would put resort casinos in three of six regions. A gaming commission will have a role in locating those casinos.
The regions in play include the Catskills, the Albany-Saratoga region, the North Country, Central New York, the eastern Southern Tier and Western New York.
The proposal going to the Legislature would allow only one casino in a region.
Cuomo calls for a minimum $50 million licensing fee and a 25-percent cut in gross revenues.