SARATOGA CASINO AND RACEWAY TO PROPOSE WORLD CLASS DESTINATION RESORT CASINO IN EAST GREENBUSH
4/22/2014 11:58:12 AM
For Immediate Release: April 22, 2014
Contact: Rita Cox, email@example.com, 518-581-5716
Estimated $300 Million Project will be an Economic Game Changer, Creating Approximately 1,700 Permanent and 1,700 Construction Jobs
Local Team of Experienced Gaming Operators to Lead World Class Casino Development at Thompson Hill
(East Greenbush, NY) – Saratoga Casino and Raceway today announced that it will propose a world-class destination resort casino at a site on Thompson Hill in East Greenbush, Rensselaer County. The company will also pay the mandatory applicant fee to the State today, solidifying its intent to bid for the Capital Region’s full commercial casino license.
The estimated $300 million development will be an economic revival for the region, creating approximately 1,700 construction and 1,700 permanent good paying jobs with benefits, in addition to thousands of additional jobs in the community and region.
Offering seamless access from I-90, the Casino will keep New York State gaming dollars within the state – instead of losing them to a proposed casino in Springfield, Massachusetts – and will draw Massachusetts residents to New York for its many recreational and tourism offerings. The project will truly reinvigorate the region, making it an exciting destination for visitors from near and far.
"The Casino at East Greenbush is an absolute game changer for the Capital Region's economy and will become one of New York's premier destination spots for years to come," said Rita Cox, SVP of Marketing and External Affairs at Saratoga Casino and Raceway. "We have a team in place that has deep roots and the most experience in the Capital Region. And this project is situated on the best site to showcase the natural beauty and history of the Hudson River and Albany skyline."
Led by a locally based team of trusted owners with a proven track record and decades of gaming experience, the Casino at East Greenbush will be the best project for the Capital Region’s long-term prosperity. The Casino will generate $35.5 million annually for the Capital Region and $11.4 million annually for the Town of East Greenbush and Rensselaer County. This funding will help local governments keep taxes down, stay below the tax cap and support local priorities.
In addition, local partnerships will be a cornerstone of the project, including formal partnerships with local entertainment venues, businesses, community groups, educational institutions and non-profits. It will also create strong, long-term opportunities for minority- and women-owned businesses and veterans.
The Best Project for the Capital Region
The 100,000 square foot Casino at East Greenbush will feature world-class gaming, dining and entertainment options, including:
• A 300-room resort style hotel;
• A full complement of exciting dining options, including fine dining, casual dining and buffet;
• Multiple entertainment venues, with a night club, sports bar and showroom;
• 20,000 square feet of high end retail; and
• Convenient parking, with valet, plentiful covered parking and surface lots.
For more information about the proposed Casino at East Greenbush, please click here.