A $500 million Las Vegas-style casino in the Catskills moved significantly closer to reality yesterday when the Pataki administration signed an agreement with the Cayuga Indian Nation, settling the tribe's 200-year-old claim to 64,000 acres in upstate New York in exchange for casino revenues.
If it is built, the casino in Monticello in Sullivan County will be the closest one to New York City, only 90 miles away, and will dwarf the four Indian gambling halls already operating in the state. With analysts estimating that it could pull in $1 billion a year in revenues, the casino would likely pose significant competition to the Atlantic City gambling resort and the Foxwoods casino in Connecticut.
