Racinos not in the money?

June 12, 2013 8:56 am

The secret, backroom negotiations taking place in Albany surrounding the legalization of casinos do not appear to be going too well for the racetrack operators.

The racetracks say Gov. Andrew Cuomo’s current – but often changing – casino plan will cost taxpayers millions of dollars and not create many jobs. The racetracks argue that the addition of Las Vegas-style casinos will just cannibalize money spent on gambling. The racetracks want slots at the tracks, or racinos.

Funny how gambling backers quickly raise the real problems with gambling when things don’t go their way. An even bigger surprise is that Jimmy “Feathers” Featherstonhaugh does not appear to be getting his way in Albany. Feathers, president of the New York Gaming Association, is a powerful lobbyist and longtime Cuomo family friend. He also owns a stake in the Saratoga Racetrack.

As is often the case, gambling factions turn on each other as the negotiations process. But the arm-twisting is not over in Albany. Stay tuned.

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