"There's no guarantee, but based upon what everyone is telling us, this is going to be profitable," Joseph Cairo, president of the Nassau Regional Off-Track Betting Corp. and vice chairman of the county Republican Party, said of conversations he's had with gambling industry experts.
said Nassau OTB hasn't decided whether to hire an outside operator to run its VLT parlor, or run it itself.
will put out a request for proposals once it finds a location and then make a decision.
Cairo said Nassau OTB based its prediction of $20 million in annual revenue for the county in the first full year of VLT operations on an estimate by its consultant, Union Gaming of Las Vegas, that the casino would generate $150 million in net slot revenue.
makes $198,000 a year.
The Nassau OTB is run by the GOP, which controls the county legislature.
Republicans hold two OTB board seats and an Independence Party member occupies the other.
Cairo also is vice president of the Nassau Republican Party.