Schenectady still hopeful casino will pay off
(World News USA)

Schenectady It felt like city leaders and residents were holding a winning ticket when they learned in late 2014 that a casino proposed for an old industrial site won a coveted state license. But nearly seven months after Rivers Casino`s much-hyped Feb. 8 opening on Erie Boulevard, it is bringing in 37 percent of the $222 million in gaming revenue operators predicted it would make during its first year. Mayor Gary McCarthy said he is generally pleased with the transformation of the former Alco property - a once-forlorn 60-acre property dominated by decaying buildings and brown weeds - now owned by the Rotterdam-based Galesi Group. ......