Business

Gananoque Casino Could Face US Competition

Gananoque Casino Could Face US Competition

Steve Clark, Leeds-Grenville MPP, has raised the alarm over a proposed resort combining a casino and horse racing near Alexandria Bay, New York that he believes would be in direct competition with the Gananoque casino.

Gananoque Casino Could Face US Competition

Gananoque locals fear possible competition from a proposed US racino project just over the river.

Clark warned that the proposed racino project could seriously hurt the local economy as it would lure potential customers away from Gananoque’s Thousand Islands Casino.

To make matters worse, locals fear that nearby Kingston will also start a casino development putting Gananoque in range of more competition.

Kingston residents are scheduled to vote on 27 October as to whether they will allow the development of a gambling centre.

Clark commented, “I believe that the longer the Gananoque situation is uncertain, that we’re being placed at a disadvantage”.

If the Alexandria Bay project is to go ahead, Gananoque has good reason to feel threatened. The racino projects would feature live horse racing as well as a 35,000 square foot gambling centre. The town’s supervisor, Dale Hunneyman confirmed that the $100 million project is definitely amongst the town’s plans but the complex can only go ahead if the Town of Alexandria receives the only remaining state gambling license from Andrew Cuomo, New York’s Governor.

Business

A proud native of Montreal, James discovered his passion for the business world while studying journalism. He has written for a number of Canadian financial newspapers. Though still in his 30’s, James has seen a number of economic bubbles come and go. He followed the social bubble and thinks mobile is a revolution and not a bubble.

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