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NY Lawmakers approve seven vegas-style casinos | Business

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NY Lawmakers approve seven vegas-style casinos
Business, Politics

ALBANY – While an amendment to the New York State Constitution is never a sure thing, lawmakers have gotten the ball rolling to allow casino style gambling in the Empire State.

Lawmakers and the Governor both agree on Vegas-style casinos, and last night the legislature approved a measure to allow seven of these casinos in as yet undetermined sites.

Not everyone is happy. Many local lawmakers voted “No,” citing a lack of money thaqt was promised from the existing Racino at Saratoga.

The economic impact is said to be $3.3 billion a year. Saratoga is already betting it will be chosen, announcing a $40 million dollar expansion in anticipation of adding to the $150 million already wagered there on electronic slots every year.

The social impact of these casinos is still being debated.

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