posted on February 03, 2014 13:07
Arctic cold and snowy weather is chilling news for New York casinos.
The New York State Gaming Commission tells the New York Post that revenue at the state's nine gaming tracks plunged 7 percent last month.
Michael Kane, the President of Western Regional Off-Track Betting which owns Batavia Downs, explains how Batavia Downs fared.
“January was a difficult month weather-wise,” Kane said. “We even had to close one Tuesday when the weather was so bad. That’s had a negative effect on out customers’ ability to get to our building. Overall for January, we were a little bit above last year. We expected considerable growth so we’re a little disappointed, but we did not see quite the effect that the other facilities did probably in part because of our new construction here.”
The decline translates into $9 million combined for the nine facilities.
It’s a big concern for state lawmakers because Albany depends on gambling money to help support New York's horse-racing industry and to help pay for education.