“It’s a plus, but it’s still a disappointment, that’s the way I see it,” Riggi said. Councilman Vince Riggi likened the situation to a kid at Christmas getting fewer presents than expected. For instance, Rivers Casino & Resort in Schenectady had gambling revenues of $105 million after nine months, putting it on track to finish short of its minimum $181 million projection.Īnd that has affected Schenectady, where city officials are bracing to bring in hundreds of thousands dollars less than the $2.75 million they budgeted for this year from the revenue. Slot machine and table game revenue from casinos in the Finger Lakes, the Southern Tier and Schenectady have fallen short of the rosy revenue projections operators produced when applying for licenses. Three new upstate New York casinos have so far failed to generate the big payoffs they projected, meaning less money shared with towns, cities and counties. Revenues from three new upstate New York casinos have come in far slower than projected, meaning less money shared with local towns, cities and counties. 2, 2016 shows the entrance of Tioga Downs Casino in Nichols, N.Y.
