SOANY and MGM Yonkers announce contract agreement

[seen2much]

Community Advisory Committees advance Yonkers, Queens casino proposals

https://www.msn.com/en-us/money/companies/community-panel-advances-yonkers-casino-proposal-queens-plan-expected-to-move-forward-too/ar-AA1NisKD?ocid=BingNewsSerp

[blue skies]

Joe Faraldo was also heard mumbling under his breath "let's see what that do nothing loser has to say about the millions I've secured for our horsemen and women." So the business moves on....without SCM.  A good lesson here. People that have absolutely NO IDEA what's really going on need to be ignored and accepted for what they are.....nothing. Yonkers horsemen and owners have secured another 3 seasons and Saratoga will be announcing a contract with their horseman as early as Monday. Keep the faith and never get sidetracked by somebody who knows nothing.

[Ignorance Is Bliss]

I guess SCM was wrong about MGM having had enough with racing.

They still want the VLTs ringing during construction should they get the casino license? Then the HAVE to race. Faraldo wanted seven years and got three more years of welfare. If they don't get a license they don't stand a chance against three casinos down the street. Buying time on everyone else's dime. That should be the harness racing motto.

[Grandstand Handicapper]

I guess SCM was wrong about MGM having had enough with racing.

I think they have. Don't get me wrong, I am not agreeing with SCM, but I think they signed an agreement because as of today racing is their necessary evil. I would be very surprised if they signed an agreement that absolutely and unconditionally forced them to have racing through 2028. My thinking is-----they get a "casino" license for Yonkers, they are no longer a "racino" and they no longer have the requirement to have live racing. Maybe it's not that simple, but I can't help but think MGM will have an out if they get a "casino" license for that property.

[Grandstand Handicapper]

And that is were the challenge lies. Getting it on a ballot is done with political power. Bought and paid for with lobbying money. On the ballot, the power is back to the people. The same spot that out voted this a few years ago by a 5:1 margin. What makes anyone think this huge difference in public opinion will flip this time?

No argument here. I agree. The only difference is that in the past, every referendum was posed as "would you approve" casinos outside AC. The answer will always be no. I think the biggest number for yes was about 25% or 30%. I don't remember.

This referendum language is very specific and very different. It is "would you approve" specifically at the Meadowlands and Monmouth Park.