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June 30, 2014

Detroit businessman to partner with Howe Caverns' bid for casino

New company submits application to Gaming Commission

The proposed Howe Caverns casino project now has a would-be operator of the gaming facility that would be sited off Exit 22 of Interstate 88 in Cobleskill -- Detroit-based businessman Michael J. Malik. 

A new company associated with the cave attraction - Howe Caverns Resort and Casino - also announced that it submitted its application today to the state Gaming Commission in Schenectady for consideration to acquire one of the four casino gaming licenses expected to be issued by the agency this fall. 

Today is the deadline for such submissions, which required would-be operators to post $1 million as the application fee.

Howe Caverns also identified the operator of a proposed resort at the site would be Nevada-based Full House Resorts, Inc., of Nevada. Howe Caverns said Full House has "a track record of success with gaming projects in Nevada, Michigan, Indiana, Delaware, Oregon, South Dakota, Atlantic City, Louisiana, New South Wales, and Australia."

Included in the proposed resort would be a 10-floor luxury hotel, with a waterpark, a dinosaur theater, and a fine dining restaurant and a second hotel, Howe Caverns said in a press release

The proposed project also includes the addition of a dinosaur theater as an added attraction at Howe Caverns.  The resort is anchored by the existing adventure attractions at the historic Howe Caverns.

A real estate developer, Malik helped to develop a casino for the Little River Band of Ottawa Indians in Michigan. That facility has been described as one of the most profitable Indian casinos in Michigan.

The Schoharie County Board of Supervisors has already given its strong endorsement to having a casino locate in the county.

The state Gaming Commission will ultimately investigate the suitability of those seeking casino licenses to determine if they meet character and financial stability standards.

The new casinos, which would join five Native American gaming halls already operating in upstate New York, were authorized by voters in a referendum last year.

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