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The New York State Legislature enacted its first off-track betting law in 1970, creating the New York City Off-Track Betting Corporation and allowing other municipalities to establish their own OTB operations. [3] The law was meant to curb illegal bookmakers and provide a revenue source for state and local governments. [4]
On February 11, 2008, the racino/casino closed down after the New York State Assembly's Racing and Wagering Committee failed to pass a bill that would allow Vernon Downs and other racinos in New York pay less in taxes to the state. [5] Legislation was quickly passed, and the ownership reopened the casino three days later.
The New York State Gaming Commission is the official governing body that oversees casino gaming, charitable gaming, horse racing, lottery, and video lottery terminals in New York State. Based in Schenectady , it was formed on February 1, 2013, upon the merger of the New York State Racing and Wagering Board, and the New York Lottery . [ 1 ]
Jeff Gural, owner of the Meadowlands Racetrack in East Rutherford, wants to revisit the idea for a casino there, with a price tag of $2 billion.
The New York Racing Association, Inc. (NYRA) is the not-for-profit corporation that operates the three largest thoroughbred horse racing tracks in the state of New York, United States: Aqueduct Racetrack in South Ozone Park, Queens; Belmont Park in Elmont; and Saratoga Race Course in Saratoga Springs.
Casinos in the northeastern U.S. are dealing with numerous challenges as they brace for the arrival of new competitors in New York City. A potential smoking ban in Atlantic City, an ongoing debate ...
The New York State Department of Taxation and Finance (NYSDTF) is the department of the New York state government [1] responsible for taxation and revenue, including handling all tax forms and publications, and dispersing tax revenue to other agencies and counties within New York State. The department also has a law enforcement division, the ...
Atlantic City casinos are facing threats on multiple fronts from new competitors not just in New York, but from within their own state. At the East Coast Gaming Congress Thursday at the Hard Rock ...