Vernon Downs Racetrack And Casino

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Vernon Downs is a horse racingtrack, racino and entertainment facility located in the town of Vernon in central New York. The track was established in 1953 and in 1955 was the location that Adios Harry ran his 'Miracle Mile'. As tastes changed and competition increased, its attendance and revenues decreased. It has added simulcast harness racing, video gaming, and entertainment, in addition to building a 173-suite hotel.

• 1History

History[edit]

The harness racing track was opened in 1953 near Syracuse, New York, and operated successfully for many years as it quickly attained status as one of the most popular harness tracks in the country. In 1955, Adios Harry ran a 'miracle mile' in 1:55, a record that stood for 18 years. As tastes changed in the late 20th century, and there was increased competition from the Meadowlands Racetrack and others who paid larger purses. ^[1] At the same time, the state authorized forms of gambling to raise money. Beginning in the 1980s, Native American tribes began to establish bingo halls on their reservations and later, gaming casinos to generate revenues. By 2001, the track faced closure due to regulatory issues.

By 2001, prior to the addition of the casino, attendance declined to less than 1,000 from a peak of 4,000 plus in the 1960s and 1970s.^[1]From a one-time high of 162 race dates, Vernon Downs hosts only 70 as of the 2018 season, its 65th.^[2][1] Tax debts and other financial issues made it likely that the casino would shut down in 2002 despite legalization of the video slot machines which were legalized in New York following the success of Native American casinos, and as an attempt to stimulate New York's economy after September 11.^[3] After receiving a new license, Vernon Downs added simulcastharness racing, on which bets could be placed, and video gaming. This also allowed for an increase in the purse size paid to racers, although attendance was still low. Vernon Downs owner Jeff Gural cites the addition of VLTs as what saved racing.^[4] Some, like Vernon Downs, also began to host entertainment acts, particularly rock musichowever in recent years the entertainment and promotion have dwindled to zero. The owners of the track built an associated hotel for visitors to the facility. While the horse racing season runs April - November, the racino elements are open year-round.

Tax Situation[edit]

In the 21st century, owners appealed for lower taxes in order to make their operations viable. They complain of having to compete with the Turning Stone Casino and Resort of the Oneida Indian Nation, which does not have to collect state taxes on its sovereign land. The Nation does pay a portion of its revenues to the state under a gaming compact, essentially in lieu of taxes, as well as making donations and contributions to regional communities.

On February 11, 2008, the racino/casino closed down after the New York State Assembly's Racing and Wagering Committee failed to pass a bill that would allow Vernon Downs and other racinos in New York pay less in taxes to the state.^[5] Legislation was quickly passed, and the ownership reopened the casino three days later.

In 2017, Vernon Downs faced further financial issues still due to the tax difference between the casinos on Native American lands, and the opening of three additional 'Las Vegas style' casinos: Del Lago Resort & Casino near Waterloo; Rivers Casino & Resort in Schenectady; and Tioga Downs in Nichols. ^[6] The start of the track season was delayed when owner Jeff Gural again cited competition from Turning Stone and Yellow Brick Road Casino in Chittenango and there were plans to close the facilities in the fall of 2017. However tax legislation that enabled a change in the fees the racino paid to the state and Tioga Downs' acquiring a full gaming license in 2016 both helped Vernon Downs as Tioga is owned by the same parent company.^[7][2][8]Despite citing plans to cut the number of slot machines by about 150, the racino still operated more than 750 as of April 2018. ^[9]

The track was the site of many of the annual K-Rockathon concerts.^[10] It has hosted many large-venue acts such as Phish. It has a 173-suite hotel and fine dining restaurant. The hotel remains open at present.

References[edit]

Vernon Downs Casino And Hotel

1. ^ ^abcWong, Edward (2001-06-21). 'HARNESS RACING; Vernon Downs: Track on Its Last Legs'. New York Times. Retrieved 2 June 2018.
2. ^ ^abSlaughter, Marquel (2018-04-20). 'Vernon Downs hopes to get back on track'. Utica Observer-Dispatch. Retrieved 2 June 2018.
3. ^Archilbold, Randal C. (2002-12-26). 'Vernon Downs Faces Closing As State Denies New License'. New York Times. Retrieved 2 June 2018.
4. ^Spector, Joseph (2017-02-16). 'How VLTs saved NY horse racing'. LoHud. Retrieved 2 June 2018.
5. ^CasinoCityTimes.com: 'Vernon Downs bill voted down', Casino City Times, 11 February 2008
6. ^Cazentre, Don (2017-06-23). 'Vernon Downs update: Closing plans remain, but owner is 'optimistic' for tax cut'. New York Upstate. Retrieved 2 June 2018.
7. ^Hand, Laura (2013-06-24). 'Casino agreement may help Vernon Downs, several area counties'. CNY Central. Retrieved 2 June 2018.
8. ^Cazentre, Don. 'Vernon Downs ends racing season, declares 'banner' year after uncertain start'. New York Upstate. Retrieved 2 June 2018.
9. ^Cazentre, Don (2018-04-18). 'Vernon Downs to open 2018 racing season with no talk of financial woes'. New York Upstate. Retrieved 2 June 2018.
10. ^'K-Rockathon history: Which concert rocked the hardest?'. Syracuse Post-Standard. 2017-03-09. Retrieved 2 June 2018.

Vernon Downs Casino Verona Ny

External links[edit]

Vernon Downs Casino