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Schenectady is the Casino winner (or loser)
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mikechristine1
April 19, 2015, 2:56pm Report to Moderator
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Living there might result in cancer in the pom-poms.

CHEER CHEER RAH RAH.  


Optimists close their eyes and pretend problems are non existent.  
Better to have open eyes, see the truths, acknowledge the negatives, and
speak up for the people rather than the politicos and their rich cronies.
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MOONGLOW
April 19, 2015, 4:56pm Report to Moderator
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And just what is the definition of "clean up".   Will there still be an acceptable (to whom) level of polution after the "clean up"?   Would the interested parties allow their grandkids to play in this "cleaned up" site?
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MOONGLOW
April 19, 2015, 5:00pm Report to Moderator
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Quoted from mikechristine1



Is that the story in it's entirety?   It's one of those premium subscribers only stories.


Is this now something new to the whole issue?  Or just mentioning that was known years ago.  It sounds like it's new and doesn't say whether Galesi was going to be looking for the taxpayers to  clean up yet another of his properties.

Didn't that Environmental Conservation already approve the whole project.

How widespread is this information. I hope the big sign the city said OK to also has someting underneath it saying "warning, this area is contaminated."  


Will the casino have a warning sign on the doors referencing poor air quality?  

Would you live their and allow your children to play on the ground?

Will we see Erin Brockovich in Schenectady some day?    
In ref. to the "poor air quality" rest assured the air will be safe as you would not want the gamblers to die off before they have lost all their $$$.

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Dirt2
April 19, 2015, 7:46pm Report to Moderator
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Who's going to pay for this estimated 10 million dollar cleanup? Be interesting.
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mikechristine1
April 19, 2015, 8:27pm Report to Moderator
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Quoted from Dirt2
Who's going to pay for this estimated 10 million dollar cleanup? Be interesting.



Of course it will NOT be the billionaire Galesi nor the casino company.


CHEER CHEER  RAH RAH    The taxpayers will pay, of course.



Where's all those cheers for the mayor?   Rather silent now



"The best is yet to come"    




Optimists close their eyes and pretend problems are non existent.  
Better to have open eyes, see the truths, acknowledge the negatives, and
speak up for the people rather than the politicos and their rich cronies.
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senders
August 25, 2015, 3:34pm Report to Moderator
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how long will the casino last????????



https://www.oculus.com/en-us/rift/


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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senders
August 25, 2015, 3:36pm Report to Moderator
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...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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BuckStrider
August 25, 2015, 6:58pm Report to Moderator

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Quoted from senders
how long will the casino last????????



https://www.oculus.com/en-us/rift/


I haven't used the 'Rift' headset yet and I don't know if I'll be getting one next year, since I'll end up building a whole new gaming rig and the specs for it (as of now) isn't exactly 'cheap' to make it work 'correctly'

Processor: Intel i5-4590 ($200)
Video Card: NVIDIA GTX 970 ($330+)
Memory: 8GB+ ($50+)
Mainboard with HDMI 1.3 output and 2x USB 3.0 ($150+)  

And to be honest, Rift is going to be used for gaming and porn...not gambling





"Approval ratings go up and down for various reasons... An example is the high post 911 support for
GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'

Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'

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senders
August 25, 2015, 7:24pm Report to Moderator
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Quoted from BuckStrider


I haven't used the 'Rift' headset yet and I don't know if I'll be getting one next year, since I'll end up building a whole new gaming rig and the specs for it (as of now) isn't exactly 'cheap' to make it work 'correctly'

Processor: Intel i5-4590 ($200)
Video Card: NVIDIA GTX 970 ($330+)
Memory: 8GB+ ($50+)
Mainboard with HDMI 1.3 output and 2x USB 3.0 ($150+)  

And to be honest, Rift is going to be used for gaming and porn...not gambling




gambling porn


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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senders
October 18, 2015, 5:37pm Report to Moderator
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Quoted Text
Casinos say proposal for reporting IRS winnings unworkable
web1_INSIDE-GAMING_052615CS_001.jpg
Jennifer Horikawa of Maui, Hawaii, plays on a slot machine at the Main Street Station hotel-casino in downtown Las Vegas on Tuesday, May 26, 2015. The Internal Revenue Service has proposed lowering the reporting level for gambling winnings from $1,200 to $600, a move that the casino industry and its patrons oppose. (Chase Stevens/Las Vegas Review-Journal) Follow Chase Stevens on Twitter @csstevensphoto

image
By STEVE TETREAULT
REVIEW-JOURNAL WASHINGTON BUREAU
WASHINGTON — When the Internal Revenue Service floated the idea of lowering the threshold for tax-reportable winnings from slot machines, the reaction from thousands of gamblers was a collective “Give us a break!”

At an IRS public hearing Wednesday, the comments were a bit more formal. But a handful of casino executives, industry officials and tribal representatives delivered much the same message.

Geoff Freeman, president and chief executive of the American Gaming Association, told a panel of IRS and Treasury Department officials the proposal is “far more complicated, onerous and unproductive” than the government may have understood.

Freeman said the change won’t necessarily bring in a lot more money to the government but it would create a big burden “for everyone involved, including the IRS.”

“The reduction in the reportable threshold could have a devastating effect on our business, and we strongly oppose the decrease,” added John Canham, vice president of casino operations at Hollywood Casino at Kansas Speedway, a property of Penn National Gaming.

The IRS has proposed lowering from $1,200 to $600 the amount at which casinos must report winnings for individuals who hit jackpots at slots and bingo, and must supply the winner with a W2-G tax form. The keno threshold presently at $1,500 also could be reduced.

The agency said the change would bring gaming in line with other industries where payments of $600 or more to individuals in a given year triggers a tax reporting requirement and a W2-G.

But David Bean, a councilman for the Puyallap Tribe that operates casinos in Tacoma, Wash., said if the agency’s idea was to simplify tax reporting, they got it all wrong.

“It’s as if these regulations were drafted in a vacuum by someone who has no idea about the gaming industry and how it operates,” Bean said.

When a slot machine hits a jackpot, it locks up until the required paperwork can be filled out and the device reset.

Canham said the number of lockups would increase 300 percent to 500 percent if the reportable payout is dropped to $600, with the delay costing the casino a dollar each minute the slot machine is out of service.

He said casinos would end up needing to add floor staff, who would be spending an increasing amount of their time attending to the machinery and jackpot transactions.

“The IRS would be flooded with these W-2Gs,” Canham said. “If the idea was not to increase paperwork this would not be the way to go.”

Greg Mullally, a gaming industry consultant, said the regulation may not be that big of a stretch.

“Most casinos that have high roller rooms are doing what they say they can’t do, right now,” Mullally said.

Gamblers who wager at a high stakes slot machine can routinely win payouts of $2,000 or more, but “The Bellagio doesn’t have a change girl sitting in that person’s lap giving him a W2-G every time they pull the handle,” he said. Rather the gambler logs in to a player tracking device to record the win and unlock the machine.

“Utilizing new technology it is possible to track every play by every player, every coin in, every coin out, every jackpot,” Mullally said. Coming soon, he added, are slot machines programmed to spit out W2-Gs automatically.

“It is possible to do what the IRS wants to do,” he said. “That technology is available where we can track the play. It is not something that is onerous or particularly expensive.”

Freeman, who spoke following Mullally, said the consultant’s view “fails to understand the casino marketplace in its current form.”

Utilizing electronic player tracking for tax purposes raises a host of red flags, Freeman said. Not the least of those is that many gamblers would reject the use of player loyalty cards – a key marketing tool for most casinos — if they thought they were being turned into tax collection devices.

“The customer would walk away,” Freeman said in an interview after the hearing. “This would have enormous implications not just for loyalty cards in the casino industry but in the broader hospitality industry – hotels, airlines and others.”

Freeman suggested to federal officials that if anything, electronic player tracking for taxes be made voluntary for casinos and their customers. Some gamblers might welcome an IRS-accepted accounting of amounts won and lost in calculating their annual tax returns.

Rochelle Hodes, a U.S. Treasury attorney listening to the testimony, asked what the response might be to such a voluntary reporting system.

“A small percentage of gamblers may participate,” Bean said. “I come across many gamblers. Some are excited to participate in these player reward tracking programs and some are like, ‘No, it’s my business. Don’t worry about what I gamble here.’”


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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Sombody
October 18, 2015, 8:15pm Report to Moderator
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Quoted from MOONGLOW
And just what is the definition of "clean up".   Will there still be an acceptable (to whom) level of polution after the "clean up"?   Would the interested parties allow their grandkids to play in this "cleaned up" site?


Life is sort of like sausage - it might taste good but sometimes its better to not look too close

Especially cereal - it will always have a little bit of rat sh!t- not mention rodent hair in general.
Even a little maggot is ok butI know some people consider maggots to be protein  - so maybe they can slide on that one

but don't worry there are strict limits on the amount


Oneida Elementary K-2  Yates 3-6
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HarryP
October 19, 2015, 9:56am Report to Moderator

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What's the future of the nuclear reactor on that site?


We are advised NOT to judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics.   Funny how that works.
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bumblethru
December 8, 2015, 7:58am Report to Moderator
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Report: New casinos will be entering an oversaturated regional market

Biggest competitive threat is to racinos, existing casinos as new ones come on line

  
By Rick Karlin
  
Published 9:39 pm, Monday, December 7, 2015
  

Upstate New York, including Schenectady, is expected to have four new gambling casinos in the next two years.

But with casinos also coming online in nearby states, New York's projects will be entering what Moody's Investor Services describes as an "oversaturated'' market that is already pinching some operations and which has forced others to close.

The report, issued in late November, noted that a total of eight new projects worth $5 billion are scheduled to open not just in New York, but in Massachusetts, Pennsylvania and Maryland by the end of 2018.



In New York, the state Gaming Commission is currently reviewing applications for four new upstate casinos recommended by a special siting committee almost a year ago.

Those planned casinos are: Rivers, in Schenectady; Montreign, in the Catskills; Lago, in Tyre, Central New York; and the Tioga project in the Southern Tier community of Nichols.

And while they are entering a crowded field, analysts believe the existing racinos, or combination harness tracks and video lottery terminal parlors, face the stiffest challenges, especially if they are near newly built casinos.

"The racinos closest to these new projects are going to be impacted the most," said Pete Trombetta, a Moody's analyst.

The Saratoga Casino and Raceway in Saratoga Springs would be closest to Rivers, while Finger Lakes in western New York would be closest to Lago.

With casinos offering table games and slots rather than the video lottery terminals at racinos, some gamblers will simply drive the few extra miles for the larger selection, said Trombetta.

Racino operators say they realize they are facing more competition.

"Any time more gaming supply is introduced into the market, it leads to operational challenges," James Featherstonhaugh, president of the New York Gaming Association, which represents racinos, said in an email. "Our nine members continue to work with the Gaming Commission and Legislature to improve our competitiveness in the marketplace, ensuring we continue to deliver revenue for education and New York's racing industry, along with maintaining the current workforce levels,"

To combat new gaming facilities, existing ones, including the Saratoga racino, are planning additions and improvements. In Saratoga Springs, a $34 million, 123,000-square-foot hotel that will include a high-end steakhouse, is expected to be completed by Memorial Day 2016.

Racinos are not the only ones facing challenges. Established upstate casinos run by Native American tribes could see business siphoned off by the new upstate casinos, according to Moody's.

An email to the Oneidas, who operate the Turning Stone casino in Verona, east of Syracuse, wasn't returned late Monday.

But the tribe recently ran a media campaign charging that the planned Lago project between Syracuse and Rochester will hurt them. The Oneidas in June also opened a newer smaller casino, the Yellow Brick Road Casino in Chittenango, which is closer to the population center of Syracuse than Verona is.

Trombetta said that's a "defensive move" based on the idea that many gamblers will simply go to the closest casino.

"If everything is equal, typically they are going to go for the closest one," he said.

Members of New York's siting board last year recommended just three upstate casinos for fear of what they said could be cannibalization of the market if they opened four.

They later issued another recommendation for Tioga after politicians and business leaders in the Southern Tier complained they were being shortchanged and Gov. Andrew Cuomo urged the board to reconsider.

The most dramatic example of the poor odds in a competitive gaming market may be in Atlantic City, N.J., where four casinos closed in 2014. Overall gaming revenue is down 9 percent there since 2010, in part because gamblers in Philadelphia now have options close to home.

State Gaming Commission spokesman Lee Park said in an email it would be inappropriate for the commission, as a regulatory agency, to "opine on the state of the industry.''

But he noted that there were 16 initial applicants for four casino licenses. That level of interest shows upstate is viewed as a viable market, he said.

Moody's report does point to some clear winners from the new casinos.

Manufacturers of equipment, including slot machines, will be profiting in a big way. They are expected to sell 20,000 new machines in the next few years.


http://www.timesunion.com/loca.....p?cmpid=fbsocialflow


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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MOONGLOW
December 8, 2015, 9:10pm Report to Moderator
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This scenario will be good for the Sch'dy casino.   How so?   After they are up and running if business drops off they can say it's due to saturation,something they knew full well of the market they were walking into.   Thereby they can request,and receive,tax breaks.   Or just renege on full payments to the county/city.   Or say they will do layoffs,something that hits the pols. hard.  Win win for the casino.   The house ALWAYS wins.
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HarryP
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No. 12 – Revel Casino*, Atlantic City, N.J.

How Much Has Been Spent: $2.4 billion
Why It's a Boondoggle: The casino was supposed to be a symbol of a revitalized Atlantic City casino scene, but instead ended up being it's biggest disaster. It opened in 2012, never made a profit and was sold off in 2015 for about $82 million – a $2.3 billion loss.



We are advised NOT to judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics.   Funny how that works.
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