A trade group for New York's racetrack-based casinos is warning of major revenue drops at their facilities if New Jersey voters this fall approve a referendum permitting two new casinos near New York City.
New York's racetrack-based casino operators are urging state officials to go slow with any effort to legalize online poker and, if permitted, any internet poker program should be awarded only to licensed facilities.
The head of the horsemen's group at New York's Finger Lakes racetrack said the facility could be forced to close in the coming years unless state officials take action to protect it from a new commercial casino.
New York lawmakers gave final approval June 20 to a bill that will allow racetrack-based casinos to stay open until breakfast time and permit more free-play offerings to gamblers in a bid to boost revenues.
New York's racetracks say they contributed more in various tax and revenue-sharing funding during the first six months of the year than the casinos on the Las Vegas strip and Atlantic City combined.
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