Casino news from http://www.star-gazette.com/
Tioga Downs owner, Nevada Gold & Casinos, expects the racino to bring in more than $1 million a month in operating earnings.
Nevada Gold, which also owns Vernon Downs, which will open for harness racing at the end of August, with the gaming portion to open in September, expects the two new racinos produce earnings for the Houston-based company in the mid teens in the first year of operation, somewhere between $13 million and $18 million, according to statements made for analysts on Wednesday by the company.
Tioga Downs has gotten off to a great start, said H. Thomas Winn, Nevada Gold chief executive officer. After about $1 million in start up fees for each of the racinos, the earnings should flow in at $1 million a month, according to reports.
Tioga Downs in Nichols opened its video gaming machines last week.
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