It appears that the Montreign Resort Casino in the Catskills Region, one of four casinos slated for Upstate New York, has added plans making the project bigger and swankier and more like a Las Vegas-style casino.
Stockholders have been notified by Empire Resorts, Inc. that in September Montreign’s lender, Credit Suisse AG, increased its commitment by almost $150 million to $545 million. Additional funding from the lender will enable Empire Resorts to go forward with its expansion plans. The changes to the original plan which included an 80,000-square-foot room with 61 gaming tables have now grown to a 95,000-square-foot space with 102 tables.
The accompanying hotel configuration has also been changed by Empire. While the number of rooms in the casino’s hotel will decrease from 395 to 333, the space will have more luxurious accommodations, improving from the originally planned four-star facility to meeting a five-star status. The hotel will include a new penthouse, nine suites of approximately 1,100 to 2,300 square feet with available butler service, eight 1,200-square-foot garden suites, and seven two-story private villas.
The original plans that included a harness track for the resort casino were approved, but have been removed and the track will remain in its current location at the Monticello Raceway which Empire Resorts also owns. One of four casinos slated for upstate, in July the Town of Thompson approved an amendment to the project’s final site plan that allowed for the property off Exit 106 on Route 17, formerly the Concord Resort, to expand. In addition the Thompson Planning Board also approved Adelaar’s newly revamped Monster Golf Course.
In addition to the Montreign, the three other licenses approved for casinos, include the Rivers Casino & Resort in Schenectady, the newly selected Tioga Downs Casino & Racing in the Southern Tier, and the Lago Resort & Casino in Upstate New York. The latter has recently had a public relations campaign launched against it by the Oneida Nation it in an effort to halt the project it says cannibalizes business from their Turning Stone Resort Casino in Verona and the new Yellow Brick Road Casino in Chittenango, which are both within 80 miles of the Lago casino located in the town of Tyre.
The $1 billion project is slated to open either in 2017 or two years from the license issuance date.