A new report commissioned by Mohawk Valley EDGE shows a proposed casino project in Seneca County would generate most of its revenue through cannibalizing the existing central New York economy.

EDGE officials say the report by a University of Texas gaming expert should convince the state's siting Gaming Board to reject the Wilmont Casino and Resort proposal.

They say the proposal does not live up to the goals of the state's new gaming law that mandates gaming expansion be predicated on economic growth rather than cannibalization.

The report shows the opening of the new facility will not offset the negative impacts on Oneida and Onondaga Counties.

"For two decades, Central New York has benefited from a carefully planned gaming economy designed to grow public revenues and increase employment even in downtimes, and that success should not be jeopardized by schemes clearly designed to cannibalize this region," said Steven J. DiMeo, President of Mohawk Valley EDGE. "We know from Atlantic City's demise that when it comes to gaming, oversaturation and cannibalization can result in an epic economic disaster. This study shows that's exactly what the Tyre proposal threatens to replicate – which is why state officials need to reject it."

You can read the full report here.

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