andymays
06-25-2010, 07:47 AM
Albany Foot Dragging Could Render Gaming in New York Irrelevant
http://www.horseraceinsider.com/blog.php/On-The-Line/06252010-albany-foot-dragging-could-render-gaming-in-new-york-irrelevant/
Excerpt:
While New York dithers about what it wants to do, Pennsylvania will introduce full table games next month and voters in Maine will decide on casinos via referendum this November.
But for New York, and especially Saratoga Gaming & Raceway, the threat is more menacing. When Massachusetts comes on line, it will be able to offer not only a full compliment of gaming but can spend more on its customers via player rewards programs.
Why? Because the tax rate in Massachusetts for a full-scale casino is 25 percent compared to New York’s 50 percent rate on video lottery terminals.
In the long run, which state would be in the best position to succeed?
http://www.horseraceinsider.com/blog.php/On-The-Line/06252010-albany-foot-dragging-could-render-gaming-in-new-york-irrelevant/
Excerpt:
While New York dithers about what it wants to do, Pennsylvania will introduce full table games next month and voters in Maine will decide on casinos via referendum this November.
But for New York, and especially Saratoga Gaming & Raceway, the threat is more menacing. When Massachusetts comes on line, it will be able to offer not only a full compliment of gaming but can spend more on its customers via player rewards programs.
Why? Because the tax rate in Massachusetts for a full-scale casino is 25 percent compared to New York’s 50 percent rate on video lottery terminals.
In the long run, which state would be in the best position to succeed?