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New York Gambling News Brief

NY Governor proposes Belmont casino

BloodHorse.com,  Tuesday, December 16, 2008 at 12:24:06 PM

New York Gov. David Paterson is proposing to permit a casino at Belmont racetrack, a move he believes will raise $370 million in a franchise fee payment to the deficit-ridden state.

The governor made the proposal Dec. 16 as part of a plan to erase $15.4 billion in red ink in the state's budget over the next 16 months. The move comes after the state recently awarded the rights to operate a casino at Aqueduct to Delaware North. Both tracks are operated by the New York Racing Association.

Republicans in the state Senate have been pushing to permit a casino at Belmont as a way to bring jobs to the area and raise revenues for the state. But the idea in the past has been blocked by the Democratic-controlled Assembly, whose leader, Speaker Sheldon Silver of Manhattan, has said would present too many gambling opportunities in the metropolitan area.

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