VEGAS CREST CASINO
January 09, 2013
In the State of the State address given by Gov. Andrew Cuomo, a plan was announced that would bring more gaming to the upstate area.
In his plan, three private casinos would be allowed to be developed. Tax revenue earned would be divided. Education would receive 90% of the revenue. Local area governments would receive 10% of the revenue.
New York City would not have a casino built there. However, the development of the casinos would also bring tourism to upstate. Helping the local economy.
The speech was delivered on Wednesday. The governor took a different stance on gaming expansion than he had taken just the year before with a constitutional amendment. In the amendment, seven casino would be allowed to be developed within the state.
The plan that the governor addressed limits the current amount of casinos to three. Legislation will have to approve the plan. If approved, voters will make their final voting decision in November.
Return to New York Casinos.
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