Saratoga Casino and Raceway (SCR) and Churchill Downs Incorporated (CDI) announced on Tuesday (May 13) that they will partner in bidding for the New York "Capital Region's" commercial casino license to build a $300 million world class destination resort casino in the Town of East Greenbush.
"Saratoga Casino and Raceway could not be more excited about partnering with Churchill Downs Incorporated,” said James D. Featherstonhaugh, Secretary & Chief Legal Officer of Saratoga Casino and Raceway. "Our organizations both come from a horse racing heritage and have a combined two centuries of proven gaming experience. With this partnership, we look forward to a shared future in creating jobs and growing the Capital Region economy.”
"Churchill Downs Incorporated is thrilled to expand our presence in New York State through our partnership with Saratoga Casino and Raceway,” said Bill Carstanjen, President and Chief Operating Officer of Churchill Downs Incorporated. "Together we'll deliver a destination resort casino that will create reliable revenues for the entire Capital Region, generate thousands of jobs, and be best positioned to keep New York gaming dollars in New York.”
According to a press release, the $300 million proposed Casino at East Greenbush will use no public funds or government supported tax breaks. It will create:
It will also help to keep taxes low and support local needs with $24.1 million annually for the Capital Region, in addition to $5.7 million annually for both the Town of East Greenbush and Rensselaer County.
Located on East Greenbush's Thompson Hill with spectacular views of the Capital District, the Casino will feature world-class gaming, dining and entertainment options, including: