OTC, Re: NYNY -- I was told that it will be some time (if ever)a casino is approved for the Catskills - in particular Sullivan County. That said, apparently Gov Pataki had lost his appeal on collecting taxes from the tribes. The buzz is that the State of NY must settle with the tribes and that settlement would mean approval of a casino. The St. Regis (who are now allied with Empire Resorts) are probably in the best position to make it happen. However, what I don't get is that one tribe had their earlier settlement thrown out and that other settlements with non-NY tribes (one from Oklahoma, the other from Wisconsin) will be or have been thrown out due to a US Supreme Ct decision earlier this year.
The non-NY tribes (I think the Oneida and Seneca) apparently have had interest in the Concord and Grossinger properties for their casinos. The Concord and most of Grossinger's is owned by a fellow named Capelli who is friendly with either current or past Empire Resorts people. Capelli claimed many years ago he was going to make the Concord a destination resort with no need for gambling. Years of inaction indicate otherwise. Capelli owns most of the land of the old Grossingers (the old hotel buildings have been removed) including the golf courses. However, the airport and another parcel of land is owned by a Brooklyn family.
I'm not sure this helps you but I would stay away from NYNY until trading activity indicates that some "insiders" know something, similar to the trading prior to the St Regis announcement last week.
