NY casinos generate less revenue than expected

new york

Credits: sepeb.com

The three operational casinos in Upstate New York have generated less revenue than the local gambling commission initially expected.

US.- The New York State Gambling Commission has revealed that Upstate New York’s three casinos generated US$133 million between the first day of December 2016 and the last one of May 2017.

As the commission explained, it was expected that commercial casinos in New York would generate US$325 million this year, but according to calculations, the new number would be set close to US$267 million, approximately US$58 million less than the original number, as wiz.com reported. Tioga Downs, located in Nichols, del Lago Resort and Casino in Waterloo, and Rivers Casino & Resort in Schenectady, were initially allowed to begin operations in the state after Andrew Cuomo, New York’s governor, signed a State Constitutional Amendment in 2013.

Del Lago collected US52 million, whilst Rivers Casino, which opened a week after, totaled US$46.8 million in revenue. In third places appears Tioga Downs with US$34.8 million.

Last month, Empire Resorts Inc announced the name of the upcoming casino that will be opened in Sullivan, New York. Resorts World Catskills will feature a 80,000-sq. ft casino, 390 hotel rooms and suites, resort amenities, casual and gourmet restaurants, spa and salon, conference and meeting rooms and banquet facilities. Resorts World Catskills is scheduled to open to the public in 2018.