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NFT: New York Casino

hilary f : 12/18/2014 5:46 am
I cannot see anyway the three casinos in New York (Schenectady,Sullivan County,Finger Lakes) prosper.If people won't go to Atlantic City with the boardwalk and beach they won't go to Schenectady which is a crime ridden dump.
I have no idea what your post is about,  
Diver_Down : 12/18/2014 6:41 am : link
but you do realize that Atlantic City is a "crime ridden dump"?
Schenectady is actually looking pretty good - downtown.  
GiantsUA : 12/18/2014 6:58 am : link
I think it is a pretty good choice. At one point GE employed over 50,000 people.
.  
winoguy : 12/18/2014 7:42 am : link
They awarded one to Sullivan county.
will there be clams?  
I Love Clams Casino : 12/18/2014 7:51 am : link
.
Didn't they also give one to Tyre, NY?  
Dave Brown : 12/18/2014 8:04 am : link
Tyre makes Schenectady seem nice.
I agree, i think they will all be disasters.
Haven't been paying much attention  
jcn56 : 12/18/2014 8:20 am : link
What's the scale of these casinos in relation to AC? Seems AC was built to draw in people from all the surrounding states, and it's just too big now. If these are built smaller, such that they pull in people from a much smaller geographic radius wouldn't they do just fine?
Much better economic development idea than fracking  
Victor in CT : 12/18/2014 8:28 am : link
isn't it? Cuomo is such an asshole. Does he read the papers? Atlantic City is going under, its casinos are failing. The CT casinos are losing money too. After he and other NY pols wasted years pandering to tree (or rock) huggers, they probably missed the sweet spot for now with the collapse of oil prices. Cuomo and other morons like him think that casinos actually produce a real economic benefit.
Cuomo only gives a shit about the short term (the time he's in office)  
Dave Brown : 12/18/2014 8:33 am : link
During that time these casinos will have some impact (construction and new hires to start the places up), but 5-10 years done the line they will all go under and then what? I think he assumes he will be out office before it's a big problem, so he doesn't care.
The one in the Finger Lakes is at  
Gman11 : 12/18/2014 8:44 am : link
the Finger Lakes Race Track.

So, you can lose your money betting the horses or lose the money at the slots. So many choices to throw your money away.
I'm just glad that the one proposed next door to me  
gidiefor : Mod : 12/18/2014 8:59 am : link
was not approved -- I thought that the business plan for it was unrealistic and that it would have been an economic disaster for my town
RE: The one in the Finger Lakes is at  
dorgan : 12/18/2014 9:15 am : link
In comment 12040820 Gman11 said:
Quote:
the Finger Lakes Race Track.

So, you can lose your money betting the horses or lose the money at the slots. So many choices to throw your money away.


No, it's a new facility in Tyre, NY.
There's not much around it, but it's right off the thruway, only a few miles from two canal systems and a few miles from the wine trails.

The one at the race track is slots only and has been open for quite a while. This new one is a full fledged casino with a hotel and restaurants.

It's missing nothing but a target audience. Low population area without much of a draw to bring in gamblers.

This should be good for NY.  
Metnut : 12/18/2014 9:24 am : link
Private business takes all of the risk, but the state shares in the upside as they collect substantial portions of gaming revenues via taxes. If these casinos flop, then the private businesses take the huge losses and NY can move on.

It's frustrating that none of these are being built close to NYC. I'm not sure why I should drive to any of these places when you have a great facility like the Borgata in AC. Hopefully the drive times to the NY places will be close to an hour.
Isn't there already one in the NYC area?  
YAJ2112 : 12/18/2014 9:26 am : link
Or is it just slots at a racetrack?
RE: Isn't there already one in the NYC area?  
Metnut : 12/18/2014 9:30 am : link
In comment 12040878 YAJ2112 said:
Quote:
Or is it just slots at a racetrack?


It's just slots I think. No table games, no poker, etc. I think NY is looking at a 40% tax on slot revenues and 10% tax on table gaming revenues.

Hopefully the casino closest to NY sets up a nice large poker room. Underground NY games are a joke with ridiculous rakes.
I also don't think it's fair to blame  
Metnut : 12/18/2014 9:37 am : link
Atlantic City's plight on gaming. The city was in very bad shape before it legalized gaming. The local corrupt officials blew it by not capitilizing on the gaming revenues to diversify their economy when they had a monopoly on the business.

Gaming in AC (even by pessimistic projections) should still be a multi-billion dollar business going ahead, but it looks clear that only a half dozen or so casinoes (max) can really be supported.
Put your make up on and put your hair up pretty,  
GiantsUA : 12/18/2014 9:57 am : link
meet me tonight in Atlantic City.

NYS - No to fracking - Refuse to whore out it's mother(earth). Best state in the union and I am proud to live here.
RE: Put your make up on and put your hair up pretty,  
Victor in CT : 12/18/2014 9:59 am : link
In comment 12040954 GiantsUA said:
Quote:
meet me tonight in Atlantic City.

NYS - No to fracking - Refuse to whore out it's mother(earth). Best state in the union and I am proud to live here.


You're a luddite. Turn out the lights when you leave, if there is any power left that is.
A luddite for not liking fracking?  
jcn56 : 12/18/2014 10:03 am : link
Catskills would have made more sense.  
x meadowlander : 12/18/2014 10:31 am : link
The area is a ghost town of a once thriving resort community. New life could have been breathed into that region around Monticello.

Binghamton - while it would have been good for the local economy, the location was God-Awful in a already far-too-congested neighborhood with a shopping mall and a Wegmans.

Tioga makes as little sense as the chosen site. Too far from everywhere. Plus, Syracuse already has one.
The no fracking thing is absurd  
BillT : 12/18/2014 10:32 am : link
They've been fracking in oil fields for 50/60 years now. There are 1.25 million fracked wells in America. Where are all the environmental disasters. What? Is the NYT keeping them all a secret? Cuomo's own study said it was safe. He's an idiot.
And as far as casinos  
BillT : 12/18/2014 10:47 am : link
How many do they have to build before they realize they are never a plus for the town they build them in. Never. They always degrade the area around them. Anyone want one in their town? Any volunteers for one next door to where you live? (And I like to gamble!)
RE: And as far as casinos  
Victor in CT : 12/18/2014 10:56 am : link
In comment 12041075 BillT said:
Quote:
How many do they have to build before they realize they are never a plus for the town they build them in. Never. They always degrade the area around them. Anyone want one in their town? Any volunteers for one next door to where you live? (And I like to gamble!)



Well said. It would make more sense to just make book making legal again and tax it like any other job.

Were it not for legal bookmaking we would not have our beloved Giants nor this wonderful site where we can login in good faith and friendship to beat each other up every day. :-)
RE: And as far as casinos  
River Mike : 12/18/2014 11:06 am : link
In comment 12041075 BillT said:
Quote:
How many do they have to build before they realize they are never a plus for the town they build them in. Never. They always degrade the area around them. Anyone want one in their town? Any volunteers for one next door to where you live? (And I like to gamble!)


Hmmm... haven't seen any degradation around the CT casinos. They are about 20 minutes away fro me and all I see are positives. Looks like they employ a lot of people and it provides us with an entertainment option we didn't have before.
There is already one by Syracuse/Ithaca  
spike : 12/18/2014 11:34 am : link
Turningstone Casino.
RE: RE: And as far as casinos  
Victor in CT : 12/18/2014 11:38 am : link
In comment 12041118 River Mike said:
Quote:
In comment 12041075 BillT said:


Quote:


How many do they have to build before they realize they are never a plus for the town they build them in. Never. They always degrade the area around them. Anyone want one in their town? Any volunteers for one next door to where you live? (And I like to gamble!)



Hmmm... haven't seen any degradation around the CT casinos. They are about 20 minutes away fro me and all I see are positives. Looks like they employ a lot of people and it provides us with an entertainment option we didn't have before.


See how positive it looks when they close. As recently as last month there was an article in The Hour that they are losing money and may have a default scenario when their next interest payment comes due. People who go there apparently aren't gambling as much $$ expected. THey are going to the shows but not the casinos.

I'm not against gambling. I am against gov't banning book making but running numbers itself calling it "the lottery" and allowing only certain favored groups to open state approved behemoth casinos. Make it legal and allow private bookmaking as we did until the 1930s.
Wilkes Barre, PA  
MookGiants : 12/18/2014 11:43 am : link
is a complete shit hole and the Mohegan Sun at Pocono Downs is doing incredibly well
Casinos that aren't destinations for tourist or travelers  
Rob in NYC : 12/18/2014 11:54 am : link
just trade dollars within the local community, generally from people who are bad at math to those that aren't (lower-income to casino operators and local government). Neutral to net negative, even factoring in some job creation (generally low-paying jobs).

It's a bad idea for most communities, but excellent for a few - Bridgeport, for example, is well-positioned along the NE travel corridor and would likely benefit.
RE: Casinos that aren't destinations for tourist or travelers  
Victor in CT : 12/18/2014 12:06 pm : link
In comment 12041277 Rob in NYC said:
Quote:
just trade dollars within the local community, generally from people who are bad at math to those that aren't (lower-income to casino operators and local government). Neutral to net negative, even factoring in some job creation (generally low-paying jobs).

It's a bad idea for most communities, but excellent for a few - Bridgeport, for example, is well-positioned along the NE travel corridor and would likely benefit.


WRONG! Bridgeport would NOT be a good spot and casino gambling is exactly NOT what is needed there. Good blue collar jobs are needed, not gambling clerks from out of town. And the traffic is bad enough as it is, the last thing we need in Fairfield County is more auto traffic on I-95. The right solution for Bridgeport would be to redevelop the port into a world class facility. It would provide long term well paying jobs in construction and in the port while alleviating much of the truck traffic along said I-95 corridor. BUt that is to far seeing for the idiot politicians like Dan Malloy to see.
RE: RE: Casinos that aren't destinations for tourist or travelers  
Rob in NYC : 12/18/2014 12:13 pm : link
In comment 12041308 Victor in CT said:
Quote:
In comment 12041277 Rob in NYC said:


Quote:


just trade dollars within the local community, generally from people who are bad at math to those that aren't (lower-income to casino operators and local government). Neutral to net negative, even factoring in some job creation (generally low-paying jobs).

It's a bad idea for most communities, but excellent for a few - Bridgeport, for example, is well-positioned along the NE travel corridor and would likely benefit.



WRONG! Bridgeport would NOT be a good spot and casino gambling is exactly NOT what is needed there. Good blue collar jobs are needed, not gambling clerks from out of town. And the traffic is bad enough as it is, the last thing we need in Fairfield County is more auto traffic on I-95. The right solution for Bridgeport would be to redevelop the port into a world class facility. It would provide long term well paying jobs in construction and in the port while alleviating much of the truck traffic along said I-95 corridor. BUt that is to far seeing for the idiot politicians like Dan Malloy to see.


Brideport's value as port is in the distant past - that investment wouldn't have any sort of positive return. The act of building something doesn't make it valuable or likely to be used. Bridgeport's problems are numerous, but getting people jobs, whatever the quality, from dollars outside the community would be a positive.
RE: RE: RE: Casinos that aren't destinations for tourist or travelers  
Victor in CT : 12/18/2014 12:26 pm : link
In comment 12041327 Rob in NYC said:
Quote:
In comment 12041308 Victor in CT said:


Quote:


In comment 12041277 Rob in NYC said:


Quote:


just trade dollars within the local community, generally from people who are bad at math to those that aren't (lower-income to casino operators and local government). Neutral to net negative, even factoring in some job creation (generally low-paying jobs).

It's a bad idea for most communities, but excellent for a few - Bridgeport, for example, is well-positioned along the NE travel corridor and would likely benefit.



WRONG! Bridgeport would NOT be a good spot and casino gambling is exactly NOT what is needed there. Good blue collar jobs are needed, not gambling clerks from out of town. And the traffic is bad enough as it is, the last thing we need in Fairfield County is more auto traffic on I-95. The right solution for Bridgeport would be to redevelop the port into a world class facility. It would provide long term well paying jobs in construction and in the port while alleviating much of the truck traffic along said I-95 corridor. BUt that is to far seeing for the idiot politicians like Dan Malloy to see.



Brideport's value as port is in the distant past - that investment wouldn't have any sort of positive return. The act of building something doesn't make it valuable or likely to be used. Bridgeport's problems are numerous, but getting people jobs, whatever the quality, from dollars outside the community would be a positive.


Baloney. 1) The jobs from a casino aren't going to the chronically unemployed and in many cases poorly educated residents of Bridgeport who need the work. Casino jobs go to outsiders, many with college degrees. The local get the low end jobs at best. But any of those folks could get a job on a loading dock, driving forklifts, etc. And have a chance to advance to supervisory roles. And 2), Routes 8 and 25 lead right through to central New England
. It would be more efficient, less taxing on roads, and better for the environment and quality of life throughout the tristate area if goods where shipped directly to a Bridgeport port by sea rather than by truck from New Jersey and points west through NYC, the Bronx, Westchester and lower Fairfield County.
RE: Wilkes Barre, PA  
dep026 : 12/18/2014 12:26 pm : link
In comment 12041251 MookGiants said:
Quote:
is a complete shit hole and the Mohegan Sun at Pocono Downs is doing incredibly well


Hey now!!!!!!!

But Mohegan Sun is projected to be closed in 3-5 years in Connecticut, so expects them to leave W-B soon too.

If not for the fucking morons in our state government, it would be doing even better. 63% tax take out. Unreal here in PA.
New York is 50 miles south  
Rob in NYC : 12/18/2014 12:37 pm : link
Boston 170 miles north, both ports have seen declining tonnage since the early 2000s, that doesn't scream for the need for additional port facilities - there is a reason Bridgeport is essentially dying as a city, and building a port that won't be used doesn't seem to be a long-term answer.
RE: Catskills would have made more sense.  
Giants11 : 12/18/2014 12:39 pm : link
In comment 12041038 x meadowlander said:
Quote:
The area is a ghost town of a once thriving resort community. New life could have been breathed into that region around Monticello.

The state awarded 3 licenses yesterday. One of them was in the Catskills in a town called Thompson(right next to the old Concord) which is real close to Monticello.
Link - ( New Window )
using the old Concord grounds makes a lot of sense  
JonC : 12/18/2014 1:24 pm : link
Monticello Raceway and the Woodstock site are a short drive away, and there was talk of also building a nascar race track in the area. Sullivan County is prime real estate that hasn't been a big part of the NYC urban sprawl of the past 30 years, I'd think the potential is massive.

Conflicted on this one RE: Schenectady  
GP : 12/18/2014 1:29 pm : link
Despite the bad reputation and crime statistics that support that bad reputation, downtown Schenectady has become quite an enjoyable, diverse place for a night out over the past 10 years. Huge improvements have been made. Good food, Proctors theater, movie theater, some good bars now too.

When my wife and I are out with friends on a weekend night, we never really feel threatened. A couple beggars here and there, but parking is usually close by and available and the short walk back to our car after a night out never seems like a big problem. A lot of the statistics are from localized crime in a few neighborhoods (Hamilton Hill, different areas of State/Eastern and Van Vranken).

The location of the new casino is great in a few regards - it's riverfront and will occupy a space that desperately needs something as it is an abandoned steel factory today. It is a short drive/walk from downtown and the revered Stockade area of Schenectady. Right down the road from GE's Schenectady plant. However, it is also a short drive/walk from one of those neighborhoods I mentioned above (Van Vranken).

I worry about the crowds this may bring to the casino itself, but also to the downtown/Stockade areas which are nearby and generally pretty safe. What about Schenectady's suburbs (where I reside and many of my co-workers/family reside)? I also worry about the effect this will have on homelessness and crime in the area because Schenectady doesn't quite have a respected police force that has proven capable of handling some of the negative things a casino can bring to a city.

Maybe I will be surprised and the positive (tax breaks?, entertainment, vibe, city reputation) will outweigh the negative (crime, homelessness, overall safety, traffic) here, but I'm not overly optimistic. There's still a lot of unknown but I always thought that casinos were placed in the middle of nowhere for a reason. We shall see.
RE: RE: Catskills would have made more sense.  
x meadowlander : 12/18/2014 2:57 pm : link
In comment 12041376 Giants11 said:
Quote:
In comment 12041038 x meadowlander said:


Quote:


The area is a ghost town of a once thriving resort community. New life could have been breathed into that region around Monticello.



The state awarded 3 licenses yesterday. One of them was in the Catskills in a town called Thompson(right next to the old Concord) which is real close to Monticello. Link - ( New Window )


Cool! I didn't realize that - I thought Catskills were in the running with Bingo and Tioga for the same Casino. That's really good news. Perfect placement.
____________  
Ninja : 12/18/2014 3:22 pm : link
Id drive farther than it takes to get to Schdy to go if it werent in Schdy. Im just not a big fan of the "vibe" of the area.
RE: RE: RE: Catskills would have made more sense.  
jeffusedtobeonwebtv : 12/18/2014 3:55 pm : link
In comment 12041679 x meadowlander said:
Quote:
In comment 12041376 Giants11 said:


Quote:


In comment 12041038 x meadowlander said:


Quote:


The area is a ghost town of a once thriving resort community. New life could have been breathed into that region around Monticello.



The state awarded 3 licenses yesterday. One of them was in the Catskills in a town called Thompson(right next to the old Concord) which is real close to Monticello. Link - ( New Window )



Cool! I didn't realize that - I thought Catskills were in the running with Bingo and Tioga for the same Casino. That's really good news. Perfect placement.


Actually, it was originally assumed that the Catskills would get 2 casinos. At the start of the process there were 5 applicants from the area. Two at the Concord, one at Grossingers (in Liberty), one in Bridgeville (one exit before Monticello), and one at the Nevele in Ellenville in neighboring Ulster County. But, somehow when the constitutional amendment allowing casinos was written, Orange county (closer to the NYC market) was included. There ended up being six applicants from that county. Two of the Sullivan county applicants withdrew after Orange County ended up joining in the bidding process, leaving only the two Concord applicants. The eventual winner at the Concord actually had 2 separate bids in, one if there was no Orange county casino and the other a much more scaled down bid if they had to compete with an Orange county casino.

In the end, the commission decided that a successful Orange county bid would make it impossible for a truly Catskills casino to be economically feasible. The mayor of Newburgh was quoted as saying afterwards, "Then why did they waste all our time?"

BTW, the owners of the successful bid at the Concord also own Monticello Raceway which has a racino. (Way back in the 60s I worked there selling hot dogs, beer, French fries, and soda. I lost that job when I told them that I was going to the rock festival (Woodstock) up the road and was not coming in that weekend. They said if you don't come in, don't ever come back. I said I'll come in to get the paycheck you owe me. The funny thing is no one got to the racetrack that weekend with the festival traffic.)
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