May 10, 2011 / 9:00 PM / 8 years ago

Nassau County may bet on casino to boost revenue

NEW YORK (Reuters) - New York’s Nassau County, whose rickety finances were taken over by the state, is considering boosting its revenue with a new casino, County Executive Edward Mangano said on Tuesday.

The Republican official said he will unveil plans for luring the new Native American casino and building a “world-class sports-entertainment destination center” on Wednesday.

Any new gambling venue would compete directly with the so-called racino being built at Aqueduct, a racetrack located just west of Nassau County, in the New York City borough of Queens.

After decades of political wars, gamblers late this summer will be able to ride the city’s subways or trains to play the 4,525 new video lottery terminals being added at an Aqueduct gaming resort being built by Genting New York, part of Malaysia-based gaming powerhouse Genting.

Local politicians have at various times also weighed adding slot machines to Nassau County’s Belmont Park Raceway or locating them at “the Hub,” a central site that real estate experts see as one of last desirable parcels suitable for development in the county.

Spokespersons for the Nassau County Executive, who was swept into office last November with Tea Party support, as well as the Shinnecock Indian Nation, which plans to open at least one casino on Long Island, had no immediate comment.

Reporting by Joan Gralla, Editing by Gary Crosse

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