Sixteen companies submit casino proposals

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Legislative Gazette
Monday afternoon was the deadline for potential casino developers and operators to submit their proposals to the Gaming Facility Location Board which is expected to announce winning bids sometime this fall. Here is a list of the applicants who paid a $1 million application fee in hopes of competing for one of four resort casinos to be buuilt in the Capital Region, the Catskills/Hudson Valley and the Southern Tier. In all, 16 companies submitted bids for 17 proposed projects.

Capital Region

- Capital Region Gaming, LLC is proposing the Rivers Casino and Resort at Mohawk Harbor in Schenectady.

- Florida Acquisition Corp. is proposing an unnamed casino in the city of Amsterdam.

http://www.legislativegazette.com/Articles-Top-Stories-c-2014-07-01-88470.113122-Sixteen-companies-submit-casino-proposals.html

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1. Bids put all on the line

James M. Odato

All five bidding teams proposing a casino in the Capital Region delivered their license application documents to the state Gaming Commission by Monday's deadline. Their rental vans, and those from 11 other bidders in two other zones statewide, dropped off what they hope are winning bids for what may be as many as four casino licenses awarded across three upstate regions.

Now the 16 bidders proposing 17 different projects await rankings that will arrive from a state-appointed siting board of financial specialists and their consultants.

Revelations on the application documents include the names of casino operators partnering at multiple sites.

Emil Galasso, the owner of several hundred acres near Cobleskill, including the nationally known attraction called Howe Caverns, revealed he has pulled in Full House Resorts as a gaming operator for a proposed casino/resort project a short drive uphill from Interstate 88 in Schoharie County.

http://m.timesunion.com/local/article/Bids-put-all-on-the-line-5591646.php

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2. Moody’s downgrades U.S. gaming industry

http://blog.timesunion.com/capitol/archives/216044/moodys-downgrades-u-s-gaming-industry/?utm_medium=twitter&utm_source=twitterfeed

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3. Theater group has pacts with 10 casino applicants

http://m.timesunion.com/local/article/Theater-group-has-pacts-with-10-casino-applicants-5594458.php

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4. Bill would allow racinos to stay open longer hours

http://www.legislativegazette.com/Articles-Top-Stories-c-2014-07-03-88497.113122-Bill-would-allow-racinos-to-stay-open-longer-hours.html