Nassau OTB Plans Bonds for Casino

Nassau Regional Off-Track Betting is taking steps to float bonds for a new mini casino.

The agency passed a resolution at a public meeting Monday morning to begin the process of authorizing up to $100 million in bonds to buy and develop a casino site in Nassau County, which is on Long Island just outside New York City. The exact location of the casino, which would have 1,000 video slot machines and table games, hasn't been announced. A Nassau OTB spokesman said more steps will be taken before the bonds are officially authorized. The goal is to open the casino by the end of 2015, he said.

Gov. Andrew Cuomo signed a bill last year allowing Nassau and neighboring Suffolk County to build one video lottery terminal gaming facility apiece with a maximum of 1,000 machines.

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New York
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