According to new NYGC data, Rivers Casino dominates New York’s four casinos and generated almost double the slot revenue than Resorts World Catskills.
Outstanding debts aside, New York casinos are slowly becoming more profitable while they wait for regulatory progress toward legal sports betting.
Tioga Downs owner Jeff Gural hopes the new 161-room hotel adjacent to the casino will help boost the New York casino’s sagging revenues.
The Albany Times-Union report on the new upstate New York casinos is bad news, bad news, and worse news when it comes to revenue projections.
All the new upstate New York casinos are struggling to make money in a crowded, competitive market. But Gov. Andrew Cuomo says not to worry.
After a strong start, the three new commercial casinos in New York are now projected to earn almost $60 million less than expected in 2017.
Early returns from the three recently opened New York casinos puts the properties on pace to meet earnings expectations of $180 million annually.
Tioga Downs is investing $134 million into new slot machines, table games and a poker room. The upcoming New York casino finalized financing this week.