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View Poll Results: Will The Genting Group be the one to break ground at Aqueduct?
YES - finally after nine years 5 35.71%
YES - but with a delay of at least another year 2 14.29%
NO - an Aqueduct racino will never happen 2 14.29%
NO - NYRA doesn't need a racino as much as it needs lowered takeouts 5 35.71%
Voters: 14. This poll is closed

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Old 08-31-2010, 09:57 AM   #1
The_Knight_Sky
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Final step for the Genting "we need VLTs" group

Last month, state Comptroller Thomas DiNapoli said New York Racing Association would become insolvent in 2011 if a gaming operator wasn’t named soon. The comptroller’s review will be more focused on making sure the state gets a good deal, that the contract was bid properly and that Lottery followed all of the appropriate steps.

Though he declined to elaborate, DiNapoli spokesman Dennis Tompkins said Monday, “Our office has reached out to Lottery with some preliminary concerns. This process has to be somewhat close to the vest right now because we’re dealing with a private company. We’re going to move quickly on this, but we’re not going to sacrifice thoroughness. You never want to rush any of these things. You never know what questions are going to arise with a contract, particularly one of this size.”

http://www.saratogian.com/articles/2...0826333951.txt
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Old 08-31-2010, 12:11 PM   #2
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>> Our office has reached out to Lottery with some preliminary concerns.


Now what could possibly stop this gravy train - this time
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Old 08-31-2010, 03:14 PM   #3
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It's not a done deal yet. Seems like there is always a problem.


ALBANY - The latest plan for the Aqueduct racino is no sure bet, the Daily News has learned.

State Controller Thomas DiNapoli has worries about the latest deal - and he must sign off on it before it becomes official.

"We have not received the contract yet, but we have had preliminary discussions with the lottery about some of our concerns," said DiNapoli spokesman Dennis Tompkins.

Sources said the controller's office is worried that the company picked to run the lucrative video-slots parlor, Genting New York, was the sole qualified bidder to emerge.

DiNapoli's office also raised concerns about Genting's 3% stake in MGM Grand, which works with Pansy Ho - whose father is a Chinese casino magnate with reported mob ties - at its Macao casino."

Last edited by tzipi; 08-31-2010 at 03:15 PM.
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Old 08-31-2010, 06:26 PM   #4
OTM Al
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I believe they will get it if their bid survives the current NY election cycle. Nothing like political "contributions" in NY derailing any process like this. I'm not going to be surprised though if certain political efforts are undertaken to void the NYRA contract to get some more money from a bidding process there.
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Old 09-01-2010, 01:05 PM   #5
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Quote:
Originally Posted by tzipi

It's not a done deal yet. Seems like there is always a problem.

A tight battle according to the straw poll. It's almost 50/50.

Voting ain't over till it's over.
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