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Vernon Downs, casino could close later this year

June 13, 2017

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According to a WKTV in Utica, NY, Vernon Downs' chairman Jeff Gural plans to close the track, and its casino and adjacent hotel, while it awaits a tax relief bill passage that may not come to fruition. The closings, however, would not come until later this year. Gural said they are required by state law to give employees a 90-day notice of termination.

Gural, chairman of American Racing and Entertainment, announced last week that the New York State Senate had approved legislation that would provide tax relief to Vernon Downs. Now he says that unless the Assembly approves the bill before the legislative session ends on June 21, Vernon Downs will close.

A portion of the statement made by Gural in the news release stated:

"It appears that the legislation is tied up in larger Albany negotiations, but we are hopeful that at the end of the day the Assembly will join the Senate in passing legislation that will help Vernon Downs keep its doors open. We continue to believe that the people in Albany who have control will recognize our situation and provide the support we need to continue our investment in this region. However, every day that we remain open, we simply lose more money and are forced to begin the process of closing Vernon Downs."

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