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New York Voters Approve Las Vegas-Style Casinos

Up To Seven Such Properties To Be Built In Empire State

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New York state voters on Tuesday passed a proposal by the governor to allow up to seven Las Vegas-style casinos to be built in the state.

They approved the plan by an unofficial 57-43 percent margin.

“The passage of Proposal One is a big win for local governments, school districts, and taxpayers across New York state,” Gov. Andrew Cuomo said in a statement.

Casinos will be taxed at a rate of 25 percent.

“This vote will keep hundreds of millions of dollars spent each year in neighboring states right here in New York, while increasing revenue for local schools, lowering property tax taxes, and bringing proper regulation to the industry. This vote builds on the landmark agreements we reached with Native American tribes this year, ending expensive court battles and unnecessary discord and restoring hundreds of millions of dollars to local governments.”

He added: “Since taking office, my administration has focused on reviving the state’s economy, and today’s vote will further pave the way for the creation of new jobs, construction, and increased tourism in communities across the state.”

There’s no word yet on where the new facilities will be built, but they aren’t allowed in or around New York City for at least seven years. The existing tribal casinos will not be threatened either. The governor will appoint a gambling commission to approve the locations.

Decisions for sites reportedly will come in late 2014.

New York will solicit bids from casino firms early next year.

 
 
 
 

Comments

idun215
over 7 years ago

why 7? I think they would be fine with 1 or 2.

 
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idun215
over 7 years ago

why 7? I think they would be fine with 1 or 2.

 
Reply
 

Guy1
over 7 years ago

I think it has to do with Indian tribe treaties.

 
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