A clause in Delaware North’s contract to run the casino allows Suffolk OTB to buy the property, he said. In a statement, Suffolk OTB spokesman Jon Schneider said taking over the casino will benefit Suffolk taxpayers by cutting costs and putting more cash into county coffers.

about $13 million a year in rental and management fees paid to Delaware North, get OTB out of the last 46 years of its contract with the company and put OTB into the hotel business. Officials of both companies said Wednesday that OTB is in talks to buy the property, including the 228-room hotel that houses the casino, as reported by Newsday.īuying the property on the Long Island Expressway North Service Road will save Suffolk County Regional Off-Track Betting Corp. Suffolk OTB plans to acquire the company that owns and manages Jake’s 58 Casino Hotel in Islandia, New York, from Delaware North in a deal estimated at $120 million, including annual management fee. The company plans to expand Jake’s 58 by doubling its 1,000 video lottery terminals and building a 160,000-square-foot casino. A Suffolk County Executive said that OTB should put the deal on hold while officials conduct a review. A clause in Delaware North’s contract to run the casino allows Suffolk OTB to buy the property.

Jakeâ™s 58 hotel casino