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Developers drop bids for casino

Albany, N.Y. (AP) -- Two development groups have dropped out of the running to build a casino in upstate New York.

Pinnacle Entertainment had been looking at potential casino sites in the Albany region. Rolling Hills Entertainment LLC also expressed interest in one of the four casino licenses set to be awarded, but had not announced any details about its proposal.

Both groups will receive a refund of their $1 million casino application fee.

The withdrawals were announced Tuesday.

The number of casino proposals now stands at 20. Up to four casino licenses have been authorized for three regions: the Albany-Saratoga area, the Catskills and mid-Hudson River Valley, and the Southern Tier-Finger Lakes area.

Applicants have until June 30 to submit their final proposals to the state panel charged with reviewing the applications.

 
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Washington Times