This past Tuesday night, the City Council for Saratoga Springs unanimously passed a resolution authored by Mayor Joanne Yepsen, concerning the Upstate New York Gaming Economic Development Act of 2013 (“Gaming Act”). A number of media outlets reported the City Council as voting in opposition to expanded gaming within the city. However, both the supporters of expanded gaming in Saratoga Springs and those in opposition are claiming victory following the Council’s vote. The basis for each sides’ claims lies in the detailed language of the resolution. Continue reading
Earlier this month the New York Racing Association (NYRA) announced a substantially retooled and lucrative Belmont Stakes Day. Having previously increased the purse to $1.5 million for the Belmont Stakes, the third jewel of racing’s Triple Crown, the remainder of the race card received a substantial upgrade to include 10 graded stakes races and an investment of $8 million in total purses for the day. The move by the NYRA Board is nothing less than a bet on itself. Continue reading
This afternoon, the New York State Gaming Commission announced the first three of five individuals to serve on the Resort Gaming Facility Location Board at its next meeting. The board will be responsible for evaluating casino applications and selecting who is eligible to apply for four casino licenses to be awarded to facilities located in upstate New York.
As reported in this morning’s Troy Record, New York State Gaming Commission Director of Communications, Lee Park, stated the commission continues to “evaluate candidates for the five-member Facilities Location Board and expect[s] to make appointments before the end of January.” As January 31st arrives next Friday, this means appointments can be expected to occur within the next seven days.
Once a majority of members of the Facilities Location Board are appointed, the board will Continue reading
Yesterday, Governor Andrew Cuomo released the details of his 2014-2015 budget. Among the numerous line items and policy details, the Governor’s office predicts the state’s new casinos could be operating as early as January 2015. This statement follows the timeline previously provided by the Governor in his State of the State address, which calls for Continue reading
In this morning’s edition of The New York Times, the venerable newspaper waded into the choppy waters of casino siting in the small upstate city of Saratoga Springs. Following a recent and lengthy story by reporter Jessie McKinley, the “Grey Lady” made the case against an expanded casino in Saratoga Springs. The editorial is surprising as it comes from an industry leader whose focus is Continue reading
We previously posted a recap of the Saratoga Institute of Racing and Gaming’s panel discussion led by Karl J. Sleight that included Dr. Palmer as a panelist. Today, the New York State Gaming Commission and the Cornell University College of Veterinary Medicine released the following announcement: Continue reading
In her first public remarks as the new mayor of the city of Saratoga Springs, Joanne Yepsen delivered a bold and direct statement in opposition to casino expansion in the Spa City. As reported in Troy’s The Record, Mayor Yepsen bluntly stated in her inaugural address that, “[a] Vegas-style casino does not have a place in the city of Saratoga Springs.” Continue reading
The year 2013 will go down in history as a watershed in the gaming industry for the state of New York. After decades of discussion with little to show in terms of results, New York finally amended its state constitution to allow up to seven casinos on non-Native American land in the state. On the horse racing front, new gaming legislation maintained a sensible status quo for the continually growing equine breeding and racing industry. Even state government got into the mix by changing its regulatory structure with the creation of the New York State Gaming Commission. Can 2014 surpass this past year for dramatic change? You bet. Here are some things to look for in 2014. Continue reading