Indian casino agreement good for Saratoga Springs
The odds of Saratoga Springs getting a casino improved with the announcement today that the operators of Turning Stone Resort Casino have entered a revenue sharing agreement with the state.
By reaching this agreement, Gov. Andrew Cuomo has granted an exclusivity zone for the casino, as part of a plan he laid out for siting three upstate casinos. He had identified six possible regions for the three casinos, but this agreement gives Turning Stone exclusive rights over its region in Central New York.
Now there are five regions, including an eight-county area making up the Capital Region, competing for the three casinos.
If similar agreements can be reached with the other two Indian tribes operating casinos, then only three regions, including the Capital Region, would compete for the three upstate casinos.
The agreement with the Oneida Nation at Turning Stone requires 25 percent of their gaming revenue from slots to go to the state. A portion of that money will go to the host counties.
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