Developers drop plans for Catskills casino
THOMPSON, N.Y. — A development group that wanted to build a casino in the Catskills is dropping out, saying the possibility of a competing casino closer to New York City would make their proposal unsustainable.
Trading Cove and the Stockbridge-Munsee Community of Wisconsin said June 5 they will not bid for a gaming license in the Sullivan County town of Thompson. The developers say the possibility of a casino in neighboring Orange County would dilute the market.
Thompson Supervisor William Rieber says an Orange County casino could make it harder for the remaining three Sullivan County proposals to get financing.
There are 18 groups vying for four licenses that will be granted in the Albany-Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid-Hudson Valley.
Applicants must submit proposals by June 30.
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