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Race tracks: NY casino deal in making is a loser

ALBANY  -- The group that represents video slot machine centers at race tracks says casino expansion in New York will cost taxpayers and schools millions of dollars without creating substantially more jobs.

The New York Gaming Association had lobbied to turn their "racinos" at race tracks into the Las Vegas-type casinos proposed by Gov. Andrew Cuomo.

But the racino group says the deal being struck behind closed doors in Albany will cost New Yorkers and schools $1 billion a year in gambling revenue.

The association says the plan to authorize as many as five Las Vegas-type casinos upstate will simply drain gambling revenue from the race tracks and their video slot machines and video table games.

Legislative leaders emerged from private negotiations with Cuomo on Monday saying no final deal is set.