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#1507670 --- 10/31/17 01:34 PM Casino revenues prompt call for comptroller review
newsman38 Offline
Senior Member

Registered: 03/21/01
Posts: 4945
Loc: Fourth Estate
Review sought on new casinos’ performance

ALBANY – The failure of three new upstate casinos to meet revenue projections this year should be reviewed by state auditors, according to the head of the state Assembly’s Racing Committee.

Assemblyman Gary Pretlow wrote to Comptroller Thomas DiNapoli asking for analysis of the casinos’ woes, saying he is concerned the new facilities in the Southern Tier, Finger Lakes and Albany area may ultimately seek state help to improve their bottom lines.

"It is critically important that we have reliable and realistic long-term revenue projections — so we can prevent the recent gaming expansion from creating an arms race for more and more tax subsidies," Pretlow, D-Mount Vernon, wrote in a letter Oct. 25 obtained by the USA Today Network’s Albany Bureau.

The three casinos are on pace to end up their first year with about $220 million less in total revenue than they projected when they won the bids for their gaming licenses in 2014, a review by the Albany Bureau in September found.

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#1507672 --- 10/31/17 02:02 PM Re: Casino revenues prompt call for comptroller review [Re: newsman38]
kyle585 Online   content
Gold Member

Registered: 02/18/09
Posts: 18050
Loc: Somewhere out there
I was very skeptical of so many casinos in New York competing with other forms or gambling like the lottery, horse racing, etc when it was first proposed. I said then that in a few years we would be bailing them out with tax payer money. This is stupidity at the highest.

Did you hear about the guy who went to the casino and said, "I hope I break even. I need the money".
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#1508163 --- 11/05/17 11:18 AM Re: Casino revenues prompt call for comptroller review [Re: newsman38]
Code Red Offline
Senior Member

Registered: 06/17/06
Posts: 6683
Loc: Out of my mind....
Its a little bit ironic. After this report came out, delLago has seen some packed houses.Bussiness seems pretty good most nights.

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#1508165 --- 11/05/17 11:43 AM Re: Casino revenues prompt call for comptroller review [Re: Code Red]
kyle585 Online   content
Gold Member

Registered: 02/18/09
Posts: 18050
Loc: Somewhere out there
Originally Posted By: Code Red
Its a little bit ironic. After this report came out, delLago has seen some packed houses.Bussiness seems pretty good most nights.
Well, I wouldn't know since I have never been there. So they haven't got any of my money unlike most of their customers who leave there with less money than they came in with.
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1508352 --- 11/07/17 09:41 AM Re: Casino revenues prompt call for comptroller review [Re: newsman38]
Code Red Offline
Senior Member

Registered: 06/17/06
Posts: 6683
Loc: Out of my mind....
" Unlike most of their customers who leave there with less money than they came in with."

I get your point, but there are some people who see it a their "recreation". Just as some go bowling, fishing, shopping, or even god forbid, drinking. I work there, and do not gamble. I go for the shows and the Restaurants. But in order for any business to work, the customer leaves with less money than they came in with. I have never gone to a movie and had them hand me a crisp $5 and say enjoy yourself. The vast majority of the people come in with "X" amount of money they feel they can spend. When it is gone, its gone and they go home. Not much different than the bingo games at the fire house, just the chance at bigger winnings. It all boils down to what is fun for one person, may not be for another. Again, I don't gamble but enjoy the shows and the food.

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#1508353 --- 11/07/17 10:27 AM Re: Casino revenues prompt call for comptroller review [Re: kyle585]
Devil's Advocate Offline
Member

Registered: 02/28/04
Posts: 231
Loc: 6th Circle of Hell
Originally Posted By: kyle585
their customers ...leave there with less money than they came in with.


Is there any business, including the vaunted outlet mall and the many beloved wineries, where that isn't true?

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#1508357 --- 11/07/17 11:27 AM Re: Casino revenues prompt call for comptroller review [Re: Devil's Advocate]
scwoodchuck Offline
Senior Member

Registered: 05/22/14
Posts: 1789
Loc: LOST IN SPACE
Kyle is just one of those left wing corporation haters. A full blown anti capitalism socialist.
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I can't wait till humans evolve into an intelligent species.

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#1508394 --- 11/07/17 05:56 PM Re: Casino revenues prompt call for comptroller review [Re: scwoodchuck]
Wolf King Offline
Member

Registered: 09/12/17
Posts: 241
Loc: The Forest
Originally Posted By: scwoodchuck
Kyle is just one of those left wing corporation haters. A full blown anti capitalism socialist.



In that case, I'd say he is an intelligent, educated man. What have most corporations, as a whole done for the common man? What have they done for you, personally, woodchuck? Has capitalism REALLY made you rich beyond your wildest dreams?
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#1508397 --- 11/07/17 06:21 PM Re: Casino revenues prompt call for comptroller review [Re: Wolf King]
Hot Burrito Offline
Senior Member

Registered: 04/17/00
Posts: 762
Loc: Tiajuna Flats
Originally Posted By: Wolf King
[quote=scwoodchuck]most corporations, as a whole done for the common man?


Are you aware that the Sierra Club and the save Seneca lake gas people are corporations?

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#1508399 --- 11/07/17 07:13 PM Re: Casino revenues prompt call for comptroller review [Re: Wolf King]
Hello_Governer Offline
Senior Member

Registered: 10/03/11
Posts: 1624
Loc: New York, Seneca
Originally Posted By: Wolf King
Originally Posted By: scwoodchuck
Kyle is just one of those left wing corporation haters. A full blown anti capitalism socialist.



In that case, I'd say he is an intelligent, educated man. What I'm have most corporations, as a whole done for the common man? What have they done for you, personally, woodchuck? Has capitalism REALLY made you rich beyond your wildest dreams?
In fact corporations have made me filthy stinking rich. Besides corporations and the rich built this country. Rich people financed the Revolutionary war in case you didn't know.
As a matter of fact it was chucks corporation and we both did very well.


Edited by Hello_Governer (11/07/17 07:19 PM)
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#1508401 --- 11/07/17 07:33 PM Re: Casino revenues prompt call for comptroller review [Re: Hot Burrito]
Wolf King Offline
Member

Registered: 09/12/17
Posts: 241
Loc: The Forest
Originally Posted By: Hot Burrito
Originally Posted By: Wolf King
[quote=scwoodchuck]most corporations, as a whole done for the common man?


Are you aware that the Sierra Club and the save Seneca lake gas people are corporations?



If you're not cognizant enough to understand that I'm talking mega corporations such as international banks, retailers and conglomerates that seek incessant, abject profit at all costs, and not smaller and non-profit organizations that technically fall under the corporate label, there is little hope for you, friendo.
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#1508402 --- 11/07/17 07:37 PM Re: Casino revenues prompt call for comptroller review [Re: Hello_Governer]
Wolf King Offline
Member

Registered: 09/12/17
Posts: 241
Loc: The Forest
Originally Posted By: Hello_Governer
Originally Posted By: Wolf King
Originally Posted By: scwoodchuck
Kyle is just one of those left wing corporation haters. A full blown anti capitalism socialist.



In that case, I'd say he is an intelligent, educated man. What I'm have most corporations, as a whole done for the common man? What have they done for you, personally, woodchuck? Has capitalism REALLY made you rich beyond your wildest dreams?
In fact corporations have made me filthy stinking rich. Besides corporations and the rich built this country. Rich people financed the Revolutionary war in case you didn't know.
As a matter of fact it was chucks corporation and we both did very well.




1. Your'e not rich. That much is apparent by the fact that you're literally always on this forum, harping and crying. Whatever meager wealth you may have gained in your life is a drop in the bucket of those profiting off you.

2. Corporations and the rich did not build this country. The rich stole this country from a people that were already here. The infrastructure and economy that you hold in such high regard was built by the middle-class. Blue-collar workers.

Keep fighting on their behalf though. You ain't in the club and you never will be. Fight for their money, though. Fight for it, boy.
_________________________
A wolf among hounds

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#1508406 --- 11/07/17 07:44 PM Re: Casino revenues prompt call for comptroller review [Re: Wolf King]
Hot Burrito Offline
Senior Member

Registered: 04/17/00
Posts: 762
Loc: Tiajuna Flats
Originally Posted By: Wolf King
Your'e not rich. That much is apparent by the fact that you're literally always on this forum, harping and crying.


Have you checked out twitter? Have you noticed all the rich people on there harping and crying?

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#1508410 --- 11/07/17 07:45 PM Re: Casino revenues prompt call for comptroller review [Re: newsman38]
Wolf King Offline
Member

Registered: 09/12/17
Posts: 241
Loc: The Forest
That's Twitter. Not the Seneca County forum of Fingerlakes1.
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A wolf among hounds

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#1508420 --- 11/08/17 05:49 AM Re: Casino revenues prompt call for comptroller review [Re: Wolf King]
scwoodchuck Offline
Senior Member

Registered: 05/22/14
Posts: 1789
Loc: LOST IN SPACE
Originally Posted By: Wolf King
Originally Posted By: Hot Burrito
Originally Posted By: Wolf King
[quote=scwoodchuck]most corporations, as a whole done for the common man?


Are you aware that the Sierra Club and the save Seneca lake gas people are corporations?



If you're not cognizant enough to understand that I'm talking mega corporations such as international banks, retailers and conglomerates that seek incessant, abject profit at all costs, and not smaller and non-profit organizations that technically fall under the corporate label, there is little hope for you, friendo.
I figure you don't realize where the supposed "Non-profit organizations" spend most of their money. They use the bulk of it to buy politicians. And who's behind most non-profits, the rich. Must be you don't read every post, you just jump in at random and make some irrelevant statement.
_________________________
I can't wait till humans evolve into an intelligent species.

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#1508422 --- 11/08/17 05:57 AM Re: Casino revenues prompt call for comptroller review [Re: Wolf King]
scwoodchuck Offline
Senior Member

Registered: 05/22/14
Posts: 1789
Loc: LOST IN SPACE
Originally Posted By: Wolf King
Originally Posted By: Hello_Governer
Originally Posted By: Wolf King
Originally Posted By: scwoodchuck
Kyle is just one of those left wing corporation haters. A full blown anti capitalism socialist.



In that case, I'd say he is an intelligent, educated man. What I'm have most corporations, as a whole done for the common man? What have they done for you, personally, woodchuck? Has capitalism REALLY made you rich beyond your wildest dreams?
In fact corporations have made me filthy stinking rich. Besides corporations and the rich built this country. Rich people financed the Revolutionary war in case you didn't know.
As a matter of fact it was chucks corporation and we both did very well.




1. Your'e not rich. That much is apparent by the fact that you're literally always on this forum, harping and crying. Whatever meager wealth you may have gained in your life is a drop in the bucket of those profiting off you.

2. Corporations and the rich did not build this country. The rich stole this country from a people that were already here. The infrastructure and economy that you hold in such high regard was built by the middle-class. Blue-collar workers.

Keep fighting on their behalf though. You ain't in the club and you never will be. Fight for their money, though. Fight for it, boy.
Define rich. Where I am money means noting. When you get old you are stripped of your wealth by the system, or your kids. You will end up either dead at an early age or in a nursing home being treated the same as every body else, waiting to die.
_________________________
I can't wait till humans evolve into an intelligent species.

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#1508498 --- 11/08/17 02:27 PM Re: Casino revenues prompt call for comptroller review [Re: newsman38]
Wolf King Offline
Member

Registered: 09/12/17
Posts: 241
Loc: The Forest
I bet you're a blast at parties, woodchuck.
_________________________
A wolf among hounds

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#1509860 --- 11/25/17 08:23 PM Re: Casino revenues prompt call for comptroller review [Re: newsman38]
Rich_Tallcot Offline
Senior Member

Registered: 01/19/03
Posts: 5565
Loc: Greeneville, TN
$220 million less than projected revenues from the bidders promising the moon in order to the win the bid contracts is no surprise. It’s also no surprise that the State would put their pie in the sky promise in their budget.

Democrat Assemblyman Gary Pretlow wants a review to get a realistic projection of how much to expect. Gee, how about using the figure of how much they actually made?

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#1510313 --- 12/05/17 06:11 AM Re: Casino revenues prompt call for comptroller review [Re: Rich_Tallcot]
Top Dog Offline
Senior Member

Registered: 04/25/00
Posts: 1986
Loc: Lap Dog
What is your stance here Rich? Do you propose we let the Oneidas own gaming in our region or send visiting gaming tourists pass by to Seneca Niagara?

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#1510361 --- 12/05/17 09:09 PM Re: Casino revenues prompt call for comptroller review [Re: scwoodchuck]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 14227
Loc: CNY
Originally Posted By: scwoodchuck
When you get old you are stripped of your wealth by the system, or your kids. You will end up either dead at an early age or in a nursing home being treated the same as every body else, waiting to die.

Welcome to the free-market. whistle grin
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