December 17, 2014
An announcement was made today that three New York casino licenses have been awarded by the Gaming Facility Location Board.
Sixteen applications were submitted for four available gaming licenses. However, the board decided against awarding the fourth license in order to prevent a saturated casino market.
Seneca, Sullivan, and Schenectady counties were selected as locations by the board. They are each economically distressed areas.
Finger Lakes town of Tyre is located in Seneca County. Lago Resort & Casino will build a $425 gaming facility and operate 2,000 slot machines.
The town of Thompson is in the Catskills mountains, part of Sullivan County. The Montreign Resort Casino will be developed at the old Concord hotel. When completed, it will have a hotel that is eighteen stories tall. There will also be a room for meeting spaces. As well as an indoor water park. The project will cost $630 million.
Schenectady County will be location for the $300 million Rivers Casino & Resort at Mohawk Harbor. It will be built on a former riverfront site located in Schenectady. The casino will operate over 1,000 slot machines. There will also be a high-end steakhouse and a hotel.
Churchill Downs was not selected for a license. In May the company joined with Saratoga Casino and Raceway. The partnership bid would turn the race track into a $300 million casino resort.
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