Vernon Downs may begin process of closing

VERNON, N.Y. (WSYR-TV) - The Vernon Downs Casino and racetrack may have to close if they do not get approval for tax relief from the State Assembly.

Last week, the Senate passed legislation that would provide tax relief for the casino. The Assembly has just seven more days to pass the bill, they have “not shown any signs of making the same effort” as the Senate, according to Chairman of American Racing and Entertainment Jeff Gural.

“I am extremely disappointed that the New York State Assembly has yet to join the Senate in passing a bill that would ensure the survival of Vernon Downs. 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,” Gural said.

The 64th season for racing was initially scheduled to start April 21, but Gural opted to push it back, saying Vernon Downs was losing around $150,000 a month since November, due to a growing list of competitors.

They ended up opening in May. 

“Every day that we remain open, we simply lose more money and are forced to begin the process of closing Vernon Downs,” Gural said.
 


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