SEARCH NEWS:

 

Two Talk Catskills Casino Deal

MONTICELLO, New York -- As reported by the Times Herald-Record:"Two of the region's biggest dealmakers aim to cut one of the hottest deals to hit the Catskills.

"Robert Berman, whose company owns the racino at Monticello Raceway, and Louis Cappelli, who owns the Concord Resort Hotel, are cooking up a deal that could mean two Indian casinos for Sullivan County.

" According to three sources with knowledge of the talks, it would work like this:

" - Berman's company, Empire Resorts, would buy the Concord.

"- The track's newest partner, the Seneca Cayugas of Oklahoma, would open a casino at the Concord.

"- The Raceway's former partner, the New York Cayugas, would return to the track and open a casino that recently seemed near federal approval – until the deal was derailed when talks between the tribe and state fell apart.

"...But the lawyer for the New York Cayugas acknowledged that the tribe has resumed talks with the track. They still have an exclusive deal for a Raceway casino.

"...A top state official has said the federal government would only OK an off-reservation casino if it's part of a land claim settlement..."

< Gaming News