New York to get Casino ” The Monticello”
Tuesday, February 20th, 2007In a major hypocritical move, less than 50 days into his tenure as governor, Eliot Spitzer put pen to paper, formally issuing his concurrence to the Secretarial “two-part” determination originally issued by the Department of the Interior in April, 2000. Governor Spitzer also signed an amendment to the tribe’s existing gaming compact which specifically grants the necessary approval for the Sullivan County casino.
The is the Same Eliot Spitzer that vowed to prosecute any individual caught gambling online in the state of New York when he was the state attorney. This is just further proof that the Unlawful Internet Gambling Act was passed to knock out foreign competition and allow US based brick and mortar casinos to set up their own online gaming sites. And that politicians will change their view when its in the best interest of their state.
Also under the agreement between Spitzer and the Mohawks, the state will get 20 percent of the revenues from video slot machines for the first two years of the casino’s operation, 23 percent for the next two years and 25 percent a year thereafter. Cha Ching.
The casino is projected to cost $600 million to build. It would be built next to the Monticello Raceway and carry the Monticello name. It is seen as a competitor to Atlantic City and Connecticut for gamblers in the New York City area.
