Cuomo Under Pressure to Pick Winners in Saturated Casino Market
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New York Governor Andrew Cuomo is playing a game of chance with his plan to buoy the upstate economy with four Las Vegas-style casinos.
If a board named by a Cuomo-controlled gaming commission picks the right bids from a pool of 16 that includes Genting Bhd. and Caesars Entertainment Corp., jobs and tax money that the 56-year-old Democrat promised may come through. Choose wrong, and the casinos could crash in a market that was fatal to four gambling halls in the resort of Atlantic City, New Jersey.