Mom-and-pop players compete for New York casinos

Published on NewsOK Modified: May 3, 2014 at 9:30 am •  Published: May 3, 2014
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HOWES CAVE, N.Y. (AP) — The contenders vying to build a Las Vegas-style casino in upstate New York include the gambling giants you would expect: Caesars Entertainment, Mohegan Sun, Foxwoods. But there are also a few mom-and-pop players that believe they, too, deserve a piece of the action.

Among them is Howe Caverns, a family-owned roadside attraction that bills itself as the Northeast's largest show cave, with boats that take visitors through the natural catacombs 15 stories beneath the earth's surface. Owner Emil Galasso acknowledges he doesn't know much about running a casino but argues local developers like him should get a chance to deliver an economic boost to the places where they live.

"This is an economically depressed area — just what the law was designed for," said Galasso, whose cave about an hour west of Albany in Schoharie County attracts 150,000 visitors annually. "We have 330 acres that are shovel-ready. We're really a diamond in the rough."

A state constitutional amendment passed last year authorizes as many as seven full-scale, non-Indian casinos. The state is starting with four in three upstate regions: the Catskills and mid-Hudson River Valley, the Albany-Saratoga area or the Southern Tier-Finger Lakes region. No more than two casinos may be located in any single region.

Just getting in the running doesn't come cheap — $1 million to cover the cost of background investigations. Some of that money would be returned if a contender drops out or is eliminated.

For Galasso, it's a gamble that's worth it. His vision calls for a "boutique" resort casino near the cave — not inside it — along with a waterpark, an RV park and a "Dinosaur Canyon" filled with lifelike animatronic versions of the scaly beasts. He calls it a perfect fit for an area with an unemployment rate that's 2 percentage points above the state average.

Other homegrown, local business owners in the mix include Wilmorite, a Rochester-based real estate firm, which has plans for a $350 million facility in Tyre. The Walsh family, owners of Traditions at the Glen resort and conference center in Broome County, is pitching a $150 million casino in the Southern Tier-Finger Lakes region.

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