New York State Names Three Upstate Casino Sites
The New York Gaming Commission has announced three winning bidders for casino licenses in upstate New York. They are:
• Montreign Resort Casino in the Catskills town of Thompson, on the grounds of the old Concord hotel. The $630 million project includes an 18-story hotel, meeting space and an indoor waterpark. Its developer, Empire Resorts, operates through a subsidiary, the nearby Monticello Casino & Raceway.
• Rivers Casino & Resort at Mohawk Harbor in Schenectady, which will be part of a larger redevelopment of the city's riverfront. The $300 million project will include a hotel, a high-end steak house and more than 1,100 slot machines.
• Lago Resort & Casino, a $425 million property in the Finger Lakes-district town of Tyre that will include 2,000 slot machines.
The Gaming Facility Location Board, which made the recommendations, received a total of 16 bids. The board originally was to grant four licenses, but decided against recommending a fourth license amid an increasingly saturated local gambling market.