Lack Of Funds Makes New York Move Quickly For Racino

New York is struggling to maintain financial stability just like almost every other state in the country. One way they are trying to raise money intake is to speed up plans for a gambling racino.

Aqueduct thoroughbred track in Queens has been waiting for the state to move forward on allowing them to add gambling machines to their facility. The state, up until now has been slow to move on allowing the gambling.

Now, however, with the economy in a free fall, the state has rapidly picked up the pace to get the gambling at the track. They have begun the process of choosing the developer of the racino.

Three developers have placed bids, and within weeks the state should pick one of them. One of the bidders, Steven L. Green and operators of the Hard Rock Cafe, have vowed to have a temporary facility open by the end of the year should they win the bid.

No table games would be allowed at the new racino. There would be, however, 4,500 video slot machines that would give a boost to the state. Revenue money would go to the state from the machines.

It has been years since the proposed racino has been at the mercy of the state. With the economy struggling, it is no surprise that lawmakers are taking the quickest road towards trying to balance the state budget.

May 5, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
Submit News!