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Gov. Cuomo signs casino bill; referendum set

Gov. Cuomo signs casino bill; referendum set

Albany, NY -- Governor Cuomo has signed the agreement that allows creation of four new casino-resorts around New York.

The Upstate Gaming Economic Development act now goes to the voters in a referendum this fall.

The law affirms the exclusive rights of the Seneca and Oneida Indians to operate casinos in Western and Central New York. It pledges the state won't add table games to the slots at its racetrack "racinos" in competition with the Indian casinos, settling a long-running dispute with the Senecas. It spells out where the four new gaming resorts will go and how much money goes to the local communities that host them.

The Cuomo Administration believes casinos can bring new economic development and jobs to Upstate New York, as well as new tax revenues for education and other needs.

The regions open to casino developers if the referendum passes would be the Catskills, the Southern Tier and the Capital Region. No resorts will be allowed in the New York City area and the new resorts will have a seven-year exclusivity before any more casinos are allowed.

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