New York Governor Andrew Cuomo and legislative leaders tried to jumpstart negotiations over siting several new gambling casinos in New York. But they also conceded that the plans might be delayed for another year.
Legislative leaders and Governor Cuomo met for the first time together in over a month, and they focused on an issue they had originally hoped to settle in the budget, the expansion of gambling in New York.
The mayor of Springfield Massachusetts and a top official with MGM Resorts International signed a casino development deal on Wednesday. The signing ceremony marks the start of a campaign to convince the city’s voters to ratify the agreement.
Springfield Mayor Domenic Sarno has chosen MGM Resorts International to develop an $800 million casino project in the city’s downtown. It puts MGM one step closer to competing for the lone casino license available in western Massachusett.
Springfield would receive more than $25 million annually in taxes and other payments from MGM Resorts if it is successful in building the resort casino, under the terms of a comprehensive development agreement announced Tuesday by Springfield Mayor Domenic Sarno.
Of the four companies competing for the lone casino license available in western Massachusetts, one has stood out when it comes to marketing. MGM Resorts International, which hopes to build a casino in downtown Springfield, has spent hundreds of thousands of dollars on advertising.
The city of Springfield is seeking an exception to Proposition 2 ½ , the Massachusetts property tax cap law, when it comes to casinos.
An $800 million resort casino could mean tens of millions of dollars annually in additional property taxes for Springfield. But Mayor Domenic Sarno said the city will not get the full financial benefits from a casino development unless a change is made to Prop 2 ½.
The lure of thousands of jobs in the fledgling Massachusetts gaming industry is powerful in the greater Springfield area, where unemployment remains high. One of the companies competing for the lone casino license available in western Massachusetts is holding a career fair to show off the types of jobs being promised.