Tioga Downs
Encyclopedia
Tioga Downs is a county-fair-themed standardbred
Standardbred horse
Standardbreds are a breed of horse best known for their ability to race in harness at a trot or pace instead of under saddle at a gallop. Developed in North America, the breed is now recognized worldwide for its harness racing ability...

 racetrack (5/8 mile) and racino
Racino
A racino is a combined race track and casino. In some cases, the gambling is limited to slot machines, but many locations are beginning to include table games such as blackjack, poker, and roulette....

 located on a 138 acre (0.55846668 km²) site in Nichols, New York
Nichols (town), New York
Nichols is a town in Tioga County, New York, USA. The town contains a village also called Nichols. The town is on the south border of both the county and the state. The town is halfway between Binghamton and Elmira. The population was 2,584 at the 2000 census...

.

History

Tioga Downs originally was a quarterhorse
American Quarter Horse
The American Quarter Horse is an American breed of horse that excels at sprinting short distances. Its name came from its ability to outdistance other breeds of horses in races of a quarter mile or less; some individuals have been clocked at speeds up to 55 mph...

 track known as "Tioga Park" in 1976, closing down after its third season. James Nuckel, then owner, stated that, "the track had been losing thousands of dollars a day and was still in the red after three years of operation" (New York Times, 1978). Thereafter, a few private races and the occasional flea market were held at the location.

Revival

In 2000, Jeffrey Gural, a real-estate executive, horse owner, and racing enthusiast, began lobbying for state approval of Video Lottery Terminals (VLTs) at racetracks. In 2005, they were approved. Shortly after Mr. Gural, with partnership from Nevada Gold and Casinos, bought the old Tioga Park for $32 Million (New York Times, 2006; Press and Sun Bulletin, 2006). A ground-breaking ceremony was held July 22, 2005.

On June 9, 2006, Tioga Downs opened, offering in addition to harness racing, simulcast
Simulcast
Simulcast, shorthand for "simultaneous broadcast", refers to programs or events broadcast across more than one medium, or more than one service on the same medium, at the same time. For example, Absolute Radio is simulcast on both AM and on satellite radio, and the BBC's Prom concerts are often...

 betting, and over 750 VLTs. Tioga Downs has two bars, a Subway(TM) restaurant
Subway (restaurant)
Subway is an American restaurant franchise that primarily sells submarine sandwiches and salads. It is owned and operated by Doctor's Associates, Inc. . Subway is one of the fastest growing franchises in the world with 35,519 restaurants in 98 countries and territories as of October 25th, 2011...

, banquet room, coffee/bakery shop, and buffet. It also has a stage area, which hosts concerts. Artists that appeared at Tioga Downs have included Chubby Checker
Chubby Checker
Chubby Checker is an American singer-songwriter. He is widely known for popularizing the twist dance style, with his 1960 hit cover of Hank Ballard's R&B hit "The Twist"...

, Vanilla Ice
Vanilla Ice
Robert Matthew Van Winkle , best known by his stage name Vanilla Ice, is an American rapper, extreme athlete and home improvement television personality...

, Joan Jett
Joan Jett
Joan Jett is an American rock guitarist, singer, songwriter, producer and actress.She is best known for her work with Joan Jett & the Blackhearts including their hit cover "I Love Rock 'n' Roll", which was #1 on the Billboard Hot 100 from March 20 to May 1, 1982, as well as for their other popular...

, and Sister Sledge
Sister Sledge
Sister Sledge is an American musical group from Philadelphia, Pennsylvania, formed in 1972 and consisting of four sisters: Kim Sledge Debbie Sledge , Joni Sledge , and Kathy Sledge . They are granddaughters of the former opera singer Viola Williams. The sisters used to perform under the name of "Mrs...

. During the warmer months, a trackside tent is available for wedding receptions, business meetings, parties, and awards' ceremonies. In 2011, The Tioga Downs Flea Market opened.

Gaming

Tioga Downs has 808 VLTs, averaging ~92% payback. The racino offers player's club cards at two levels: progressive and jackpot. Outside the gaming room Quick Draw(TM)
New York Lottery
The New York Lottery began in 1967 as the third modern U.S. lottery, after Puerto Rico's began in 1934, and New Hampshire's in 1964. It provides revenue for public education, and is based in Schenectady.-History:...

 and instant lottery
Scratchcard
A scratchcard is a small card, often made of thin paper-based card for competitions and plastic to conceal PINs, where one or more areas contain concealed information which can...

 tickets are available. Inside the racino, keno
Keno
Keno is a lottery or bingo gambling game often played at modern casinos, and is also offered as a game in some state lotteries. A traditional live casino keno game uses a circular glass enclosure called a "bubble" containing 80 balls which determine the ball draw result. Each ball is imprinted...

, video poker
Video poker
Video poker is a casino game based on five-card draw poker. It is played on a computerized console similar in size to a slot machine.-History:...

, and slot machines are available. The largest progressive offered is typically $100,000+ at a group of 2-cent Hot Shot machines.

Racing

Tioga Downs schedules racing between May and September, typically on Friday and Saturday evenings (6:50 PM), and 1:30 PM on Sundays. The track record is 1:48.3, set in 2010, by Shark Gesture in the inaugural running of the $200,000 Bettor's Delight Pace.

Financial Growth

Revenues from slot machines at Tioga Downs have steadily increased since opening in 2006. "Net wins" (defined as total credits wagered minus total credits won) was $30 million during the abbreviated fiscal year 2006-2007, $43 million 2007-2008, $48 million 2008-2009, $50 million 2009-2010, $54 million 2010-2011, and estimated $55-59 million 2011-2012. Today, each slot machine contributes ~$200 in revenue per day (New York Lottery, 2011).

Future

Owner Jeff Gural has announced plans to build a hotel, convention center and shopping plaza on the grounds of Tioga Downs. However, no concrete plans have been announced or approved by local authorities. A local councilperson has also encouraged the New York State Assembly to consider introducing table games to the casino.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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