Friday, February 18, 2011

New York Racetrack Casinos Issue Statement on Rejection of Catskill Compact

The New York Gaming Association, representing racetrack casinos in New York, today issued the following statement about the Department of Interior’s rejection of a proposed casino in Sullivan County.

“By rejecting this ill-conceived compact, the Department of Interior has allowed New York State to go back to the drawing board and put together a gaming policy that makes sense. That new policy will hopefully capitalize on existing resources like our racetrack casinos, which already put more than $1 billion per year in tax revenue toward state coffers and could help bolster our sagging economy even further if allowed to operate full-scale casinos.

“We are extremely pleased with DOI’s decision and look forward to working with Gov. Cuomo and the state Legislature to develop a gaming policy that maximizes revenue, creates jobs and keeps the racetrack casino economic engine churning.”