Scale will matter for success of New York casinos

Published September 1, 2014 1:19am ET



ALBANY, N.Y. (AP) — Racino revenue is down. Casinos are closing in Atlantic City, while new ones are opening in Maryland and Massachusetts. Yet New York is just now getting into the game, with more than a dozen groups lining up to open upstate casinos.

The state’s late arrival at the betting table is forcing developers to think smaller. Rather than behemoths like Foxwoods and Mohegan Sun in Connecticut or the gambling palaces in Las Vegas or Atlantic City, the contenders for the four available licenses are pushing more modest facilities designed to appeal to a local customer base within a few hours’ drive.

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