Binghamton Homepage
25°F
Wintercast Sponsored by

Bid For Casino Heats Up

The owner of Tioga Downs says his establishment is best suited for the Southern Tier region's full-fledged casino license.
The owner of Tioga Downs says his establishment is best suited for the Southern Tier region's full-fledged casino license.

Jeff Gural helped lead the campaign to encourage voters to approve a state constitutional amendment in November that allows for casinos to be created off Indian lands in New York State. Gural estimates that he spent about $400,000 on the effort. He says it was a lot of work and money and that now other people are trying to step in and threaten Tioga Downs existence by pitching proposals for the license. Gural believes Tioga Downs will secure it, even with tough competition.

"It seems that there are three other bidders that have turned up, all saying that they would be better than Tioga Downs. I don't think any of them would be better than Tioga Downs. I think we have great location. We can convert this place to a casino within a few months. You know, I've already invested a ton of money," said Gural.

Gural says he took a big risk to open the racino in Nichols seven years ago. He has already put $60 million into the facility. If he gets the license, he'll invest another $50 million. Gural's biggest competition locally is Traditions at the Glen in Union, which recently announced its license proposal. A gaming commission is expected to decide which businesses get licenses at some point next year.
Page: [[$index + 1]]
comments powered by Disqus

Trending Stories