Posted on 04/15/2024 11:48:36 AM PDT by ChicagoConservative27
Suffolk OTB will break ground on a $210 million expansion of Jake’s 58 Casino Hotel ahead of its competitors vying for the coveted NYC casino licenses.
“We’re not vying for one of the licenses, and as a matter of fact, I think that wherever those casinos are located, we are going to be able to compete very well,” Suffolk OTB CEO Phil Boyle told the Post.
The expansion — the first since the casino opened in 2017 — is expected to increase annual revenue by as much as 42% and double terminals to 2,000 and increase parking from 600 spaces to close to 2,000.
(Excerpt) Read more at nypost.com ...
The NYC OTB Corp a govt entity, which took in $1billion annually in no risk horse racing betting went broke 10-15 years too soon.
The govt looted and pillaged the place like an out of control mafia. The bettors went back to the bookies.
If not, the govt would be opening casinos on every fourth block in the five boroughs about now.
Gambling is a tax on stupid people.
Yes and casinos are to gamblers what gin mills are to alcoholics.
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