NY Casino Revenues Down

06.09.14 | Bob Price

  Revenues at 7 of New York's Racinos are down during the first five months of 2014. According to the State Lottery Division, the Racinos lost more than $16.5 million from January to May. Profits at  Tioga Downs in the Southern Tier, were off 8%. At the Buffalo Raceway in Hamburg, revenues were down 18%,  eighteen percent. The race tacks are concerned about the impact four new casinos in New York will have on their bottom line. Those licenses will be awarded some time in the fall.