Resorts World seeks New York legislative change over racing payments
Resorts World New York City is seeking legislation to change how payments supporting the state’s horse racing industry are made, according to the report. The dispute could cost the casino more than $500m over four years; the payments currently exceed $150m annually, and the company says its proposed 56% slot tax rate included racing support. The New York State Gaming Commission has not publicly commented on the proposal.
The proposed change could affect payments supporting horse racing that currently exceed $150m annually.