Struggling Resorts World Casino In Catskills Under New Management
The closure would be the first since horse tracks were given the approval in to add video-lottery terminals, which are owned by the state. More: Resorts World Catskills: After slow start, casino hopes for strong summer. Joseph Spector , Albany Bureau Published p. ET Jan.{/INSERTKEYS}{/PARAGRAPH} Comments Welcome to our new and improved comments , which are for subscribers only. Post to Facebook. More: Resorts World Catskills: Financial struggles grow for new casino, report shows. A link has been sent to your friend's email address. It's OK to disagree with someone's ideas, but personal attacks, insults, threats, hate speech, advocating violence and other violations can result in a ban. Meanwhile, Resorts World Catskills has significantly underperformed and has failed to meet revenue projections. Cancel Send. This is a test to see whether we can improve the experience for you. If you see comments in violation of our community guidelines , please report them. More: How upstate's new casinos are underperforming. Assembly Racing Committee chairman Gary Pretlow, D-Mount Vernon, questioned whether Empire Resorts could close the racino without state approval and a new revenue-sharing agreement approved by the Legislature. Check out this story on poughkeepsiejournal. A look inside the Resorts World Catskills casino, under construction and opening soon in Monticello Jan. Monticello added its gambling hall in Resorts World said it will continue to provide the same direct revenue to the state and local governments who shared in the racino's profits, as well as to continue to fund purses at the racetrack. Please be polite. Empire Resorts said it will keep open the harness track, which first opened in as a draw for vacationers in the Catskills. No additional comment," Gaming Commission spokesman Brad Maione said in an email. The closure is the latest example of the growing saturation of gaming halls in the Northeast after four upstate casinos opened over the past two years , as well as new casinos in neighboring states. {PARAGRAPH}{INSERTKEYS}Let friends in your social network know what you are reading about. A link has been posted to your Facebook feed. Share This Story! The plan is to close the racino on April 23, and all impacted workers will be offered jobs at Resorts World, the company said. You will need to register before adding a comment. The state Gaming Commission, which oversees the casinos, declined comment on Empire Resorts' announcement. Betting at the Monticello Casino and Raceway dropped 50 percent between April and April , state records showed. About 40 employees will remain at the raceway, while the roughly workers at the Monticello casino can either take a severance package or go to work at Resorts World, according to the Times Herald-Record in Middletown. You do not need a Facebook profile to participate. The goal, the company said, is that by consolidating the two facilities there could ultimately be higher revenue for the municipalities from the Resorts World casino. Welcome to our new and improved comments , which are for subscribers only. Typed comments will be lost if you are not logged in.