No Suprise Here. Genting is spending money in Albany. Lots of money. Lobbyists are doing better than the Pols, but the Pols are getting their share too. Interesting that the AG is getting money directly, but the Governor is not. Smart move Andrew. And, in good business like fashion, both sides of the aisle are being greased, um, receiving contributions.
http://www.nydailynews.com/new-york/racino-operator-donates-100-000-state-pols-article-1.1011447
The Governor's budget bill also ensures that elected officials will not (cough, cough) profit from casinos.
Elected officials, government employees and political party types would be barred from owning any stake, including stock, in licensed gaming companies. Further, they would also be blocked from having more than a 10% stake in any business that sells goods or services to a gambling enterprise.
http://www.nydailynews.com/new-york/pols-profit-casinos-dice-gov-cuomo-article-1.1010142
Mayor Bloomberg is not that hot on the gaming idea. Especially if the City is not getting their cut. The Mayor notes that such ventures are not always successful, profitable or even good for the surrounding community. But at least he says "I suppose I think the governor should probably try it as well."
http://www.nydailynews.com/blogs/dailypolitics/2012/01/bloomberg-not-sure-ny-gamblings-a-good-bet
Of course all of this talk of expanding gaming in Massachusetts and New York is not sitting well with in Connecticut. The parent company of the Mohegan Sun casinos has announced a debt refinancing plan offering new terms to bond holders and reducing the loan amount.
http://www.timesunion.com/business/article/Mohegan-Sun-owners-outline-debt-refinancing-plan-2684867.php#ixzz1kUHCr03E
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