Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

Delaware North To Run Aqueduct Racino

Monday, 13th October 2008

New York Governor David Paterson named Delaware North Companies (owner of Finger Lakes racetrack) to run a 4,500-machine video lottery terminal facility at Aqueduct's proposed racino "which could revolutionise the state's thoroughbred industry by generating tens of millions of dollars annually for the New York Racing Association, horsemen & breeders," reported thoroughbredtimes.com. The choice "has the support of Assembly Speaker Democrat Sheldon Silver, but the Senate's Republican majority leader Dean Skelos (whose approval is also required) voiced immediate opposition to the plan" complaining: "Governor Paterson is supporting a bid that only includes plans for a racino & does not include any proposal to generate needed economic development." Proposals from 2 competing bidders (Green Realty Trust/Hard Rock Entertainment & Australian-backed Capital Play/Mohegan Sun) "call for large-scale retail & entertainment complexes which could create hundreds of additional jobs". However Paterson defended his choice, saying Delaware North "provided the highest up-front payment of US$370 million, compared with US$250 million by Green Realty Trust/Hard Rock Entertainment US$100 million by Capital Play/Mohegan Sun". Stay tuned.

« Previous
Return to
13th October 2008 News
Next »