New York Turns Into Major Gaming Hub As New Casinos Become Operational

By  Jayson PeterJayson Peter    |    Updated on Feb 8, 2018
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New York Turns Into Major Gaming Hub As New Casinos Become Operational February 14, 2017 February 8, 2018 Jayson Peter

With three of the four planned casinos having begun operations, the state of New York is well on its way to becoming a key gambling hub in the United States.

The trigger for the large scale gambling expansion in the state was the 9/11 attacks.

At that time the state had only two casinos, both of which were tribal casinos that had been set up as a result of federal law.

The then-governor George Pataki mooted the idea of expanding gambling in a bid to fill the gap in revenue caused by the destruction of the World Trade Center. Lawmakers held a special session a month after the fateful attacks to approve a bill to expand gambling in the state which included the introduction of facilities like Indian casinos, video lottery terminals (VLTs) in racinos and a multi-state Mega-Millions lottery.

Following its success, Gov. Andrew Cuomo moved to amend the state constitution in 2013 to allow the development of up to seven Las Vegas-style casinos in order to retain gambling dollars in New York.

NYGovCuomo

In the past few months, three of the four approved casinos have opened. The first Tioga Downs, a racino in Nichols opened on Dec. 2, 2016. Next up was the launch of the del Lago casino in Seneca County earlier this month and last week the $330 million Rivers Casino & Resort in Schenectady opened. The fourth casino, is the $1-billion Montreign Casino and Resort in Sullivan County, near Catskills Mountains which is scheduled for a 2018 opening.

Cuomo expressed his happiness on achieving the stated goal at the ribbon-cutting ceremony of the Schenectady casino.

In a statement Cuomo said

It really is a dream come true. We would be talking about this project some times, and I would just say, ‘It’s just too great.’ It’s just too unbelievable that something this grand and powerful was going to happen, but it did. The growth you are seeing now all across upstate New York is going to increase exponentially, so we are on our way.

The four newly-built casinos are likely to generate $325 million in combined revenue each year and a large percentage of this will go to the state of New York. The casinos are however up against 11 operational Native American casinos as well as almost as many racinos that offer VLTs that closely mimic casino slot machines and table games.

Jayson Peter

Hello my fellow Americans. My name is Jayson Peter and I am the Chief Editor of CasinoUSA.com. I have been working in and out of the gambling industry for the past 20 years. In that time I have been able to gather valuable insider knowledge which I have decided to share with you on this site. You will be able to read the latest reviews on US casino rooms, find out the legality of gambling in your state and much more. I will also keep you up-to-date with all the on goings in the industry as well as provided tips and strategies.

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