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SARATOGA SPRINGS ¡ª Saratoga Casino and Raceway is joining forces with a real estate investment group, a Native American tribe and an affiliate of the Yankees baseball team to pursue a license to open what would be one of three full-service casinos in the New York City area in coming years.
Gambling¡¯s reach will continue to spread. Starr¡¯s Bankroll restaurant will no doubt be a hit. After opening a sportsbook at Chickie¡¯s and Pete¡¯s in Malvern, BetPARX is aiming to bring its Turf Club betting parlor to the Chickie¡¯s spot in South Philly.
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Addabbo¡¯s bill is sitting in the legislature, and he has high hopes it will get through this year and get signed by the governor.
Highlights
The state¡¯s gaming tax is 20% of revenue, which means WarHorse made some $4.27 million last month. Assuming a 90% average payout, the industry standard, that means visitors dropped nearly $43 million, or close to $1.4 million a day into the WarHorse slot machines last month.