January 27, 2012
Governor Calls for More Casinos ASAP!
New York gaming landscape taking shape, ahead of laws to allow it
New York Gov. Andrew Cuomo delivered his State of the State address on Jan 4 to say, “We have long flirted and dallied with another potential economic engine — casino gaming — and when it comes to gaming, we’ve been in a state of denial.” Instead of flirting, Cuomo recommended a constitutional amendment that would finally consummate the state’s relationship with gaming.
Aside from making industry lobbyists flush, the governor claimed the Full Monty approach to gaming would generate $1 billion in economic activity. Of course estimated gaming-related revenues have to be taken with a grain of salt. In the fictitious town of Lake Wobegon, all the children were above average. When it comes to gaming revenue estimates, every state and municipality assumes an above-average piece of the pie, ignoring the expansion plans of its neighbors. Read More States Betting on Casino Gambling for Jobs, Revenue.
Not everyone stands to gain. NY currently has nine Indian casinos, five of which are run by the Seneca Nation. The Seneca have a 21-year agreement that gives them exclusive territorial gambling rights. After Cuomo’s speech, they wondered if their gambling treaty would end up being one more “broken promise.” Ouch. You can read more about their anxiety: Governor Andrew Cuomo’s Gambling Push Opposed by Native American Tribes.





Got sucked into a new awesome/terrible reality show yesterday on MTV2 called From G’s to Gents — have already programmed a “season pass” on the Tivo to make sure I don’t miss an episode. The show is done by Jamie Foxx, and the concept revolves around P-Diddy’s personal valet, Fonzworth Bentley, trying to reform gangstas into classy dudes. Anyhow, one of the























