Casino summaries reveal additional details

By Dave Greber

Casino summaries reveal additional details

July 8, 2014 Updated Jul 9, 2014 at 3:42 PM EDT

(WBNG Binghamton) Should Traditions at the Glen be awarded a casino license this fall, Broome County municipalities stand to gain more than $11 million in taxes each year.

It's a decision that could also mean Tioga Downs and its affiliate Vernon Downs would close -- if Traditions were to get the nod from the state gaming commission.

Those are among the revelations unveiled Tuesday afternoon when the commission released the executive summaries -- part of the overall license application -- of the organizations vying for a piece of the state's gaming pie.

Traditions' executive summary says a casino in the town of Union would generate $33 million in gaming taxes and attract 4,000 visitors a day.

As part of a 450,000-square-foot expansion, Traditions also would grow from 41 rooms to a 200-room hotel.

Traditions said the $150 million dollar project -- which includes a restaurant expansion, parking garage and more -- would be complete within a year.

The equivalent of more than 840 people would work at Traditions if it wins the casino bid.

Meanwhile, Tioga Downs said the Nichols racino and its northern counterpart Vernon Downs would be forced to shutter if Traditions wins the bid.

If awarded, however, Tioga Downs would convert its video terminals to traditional slot machines within three months, and fully expand to a casino in six months. New offerings would include 1,000 slot machines and 50 table games.

The resort amenities, like a hotel, spa, event center five restaurants and lounges, would be built in a year.

The Lago Resort and Casino in the Town of Tyre says it would generate $263 million in annual gambling revenue and employ 1,800 people with a $50 million payroll.

Lago's construction would include a 10,000-square-foot spa -- with a pool that could host 900 people -- and could be open within 18 months if awarded a license.

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