New York’s bad bet on casinos: Have Gov. Cuomo and legislators learned their lesson?By Errol Louis, New York Daily NewsJanuary 2, 2018 at 8:13 amAs Gov. Cuomo and the Legislature prepare this year’s economic development strategy, let us hear no more fanciful hopes and dreams about the supposed benefits of expanding casino gambling in New York. An ill-advised 2013 referendum that approved up to seven new full-scale gambling casinos has already proved to be a disappointment, delivering far less public revenue and jobs than advertised.“What was estimated to be a $430 million windfall for localities has not come to pass,” reads a recent headline in the Albany Times-Union, which reports on the disappointment setting in after nearly a year of operations by the area’s new Rivers Casino and Resort.State and county officials promised that the casino would provide enough money to support a 18% cut in property taxes. Ten months later — surprise! — Schenectady homeowners got a measly 1% reduction.