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(18 Total References)
"There's no guarantee, but based upon ...
"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.
Joseph G. Cairo, president ...
Joseph G. Cairo, president and CEO of Nassau Off-Track Betting Corp., said the campaign to get state authorization for video slots at Nassau off-track-betting sites is part of a "multifaceted plan" to offer the public a "wider range of gaming options."
When asked if the legislator-elect's ...
When asked if the legislator-elect's union job appeared to be a conflict of interest, Nassau OTB chief Joseph Cairo said, "If you really want to stretch it.
But I don't see anything that's apparent to me."
Cairo added that he'll instruct the Nassau agency's counsel to review the situation.
Nassau Downs OTB president ...
Nassau Downs OTB president Joseph Cairo said he expected Chrome's bid would provide a financial boost to the quasi-public betting corporation, which, like its counterparts nationwide, has struggled with declining interest and competition from casinos and online gambling.
"OTB is a dying industry, it has been for years," Cairo
Neither county has designated a site ...
Neither county has designated a site preference yet, though Nassau Off-Track Betting Corp. president Joseph Cairo said officials were discussing the OTB Race Palace in Plainview.
said access and parking are key issues at the facility, but added: "Our primary focus right now is the Race Palace."