Moody's

5:36am

Wed July 16, 2014
Politics and Government

Cuomo says private market will decide future of NY's casino industry

Matthew Powell/flickr

Gov. Andrew Cuomo says he’s not concerned about reports that the casino gambling industry may not be all that healthy. The negative news comes as the state is considering authorizing four new gambling centers in the next few months.

One third of Atlantic City’s casinos, including one run by Donald Trump, have announced plans to close, and Moody’s investor rating services has downgraded the casino industry from stable to negative citing “declines in comparable monthly gaming revenue.” 

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8:44am

Wed June 18, 2014
Regional Coverage

DiNapoli trying to reduce account of unclaimed funds

New York state Comptroller Thomas DiNapoli.
Ryan Delaney WRVO

New York’s Comptroller Thomas DiNapoli is trying to whittle down a fund of abandoned or unclaimed money owed to both individuals and municipalities.

DiNapoli’s office says there are more than 31 million accounts in the state with money sitting in them. It can be a utility deposit or old bank account that sat unused too long and was turned over to the state.

About 10,000 of those unclaimed funds belong to towns and cities throughout the state, worth more than $5 million.

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