Developers Drop Plans for Monticello Casino

THOMPSON, N.Y. -

A development group that wanted to build a casino in Monticello is dropping out, saying the possibility of a competing casino closer to New York City would make their proposal unsustainable, The Associated Press reported. Trading Cove and the Stockbridge-Munsee Community of Wisconsin say Thursday they will not bid for a license, making it harder for the remaining three proposals to get financing.