Having awarded three resort casino licenses just last year, the New York State Gaming Commission has granted a fourth casino license to the upstate gaming facility, Tioga Downs. Reported to be a $122.6m investment, Tioga Downs was chosen to receive a license, based on a competitive bid process.
Last year’s recipients included, Thompson’s, Montreign Resort Casino, Rivers Casino & Resort at Mohawk Harbor in Schenectady, and Tyre’s, Lago Resort & Casino.
Tioga Downs Casino, Racing and Entertainment is located in Tioga County, in the town of Nichols. While it is not open to the public just yet, it will consist of a 32,590 square-foot gaming space, equipped with 1,000 slots, and 50 table games. It will also provide accommodations for its guests, featuring a total of 161 hotel rooms. Additional amenities will include assorted restaurants, lounges, an outdoor concert space, country club, and a spa.
According to the NY State Gaming Commission’s executive director, Robert Williams, “Tioga Downs’ expansion will foster hundreds of new jobs and spur much-needed economic development in the Southern Tier, plus generate millions of dollars for public schools and local governments – with all private money and zero taxpayer dollars.”
Tioga Downs, along with the three casinos which received licensure last year, are representative of over $1.4bn in private money. Additionally, the casinos are expected to employ 4,700 individuals.
An estimated $32m in tax revenue is expected to be generated by the most recently licensed casino. It will be returned to localities in the form of school aid across the state, as well as divided throughout the surrounding counties.
SassyGirlMe
7 years ago
Looks like New York State Gaming Commission has found a way to make the state some money. It's good to here that $32m in tax revenue is expected to be generated and it will be returned to localities in the form of school aid across the state. It sounds like this place is going to be pretty huge with 32,590 square foot...
Looks like New York State Gaming Commission has found a way to make the state some money. It's good to here that $32m in tax revenue is expected to be generated and it will be returned to localities in the form of school aid across the state. It sounds like this place is going to be pretty huge with 32,590 square foot gaming space not to mention the rooms. Too bad its all the way at the other end of where I'm located.
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Feelin froggy
7 years ago
Looks like gambling is on the rise in NY. Every state that gets involved with online or land based casinos generates revenue and jobs. When will the rest of the country get on board?!
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AndreyRSS
7 years ago
thanks for this. useful article.
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