Malaysian
gambling company Genting holds more than 75 percent control in Empire.
The governor's change of plans come amid reports that
the gambling company Genting contributed over two million dollars to a lobbying group closely associated with the governor.
The governor's change of plans come amid reports that
the gambling company Genting, contributed over $ 2 million dollars to a lobby group closely associated with the governor.
Not exact matches
While some might think that because
Genting isn't completely focused on
gambling, it didn't benefit as much as a purely
gambling oriented
company might have with regards to the sponsorship, that couldn't be farther from the truth.
But Mr. Cuomo said that under his proposal, «this is not the state building a convention center at all,» but rather a privately financed project, pursued in cooperation with the state by
Genting, the Malaysian
company that in October opened a
gambling parlor at Aqueduct.
Genting, a subsidiary of Southeast Asia's largest
gambling company, made an additional contribution of approximately $ 400,000 to the group allied with Mr. Cuomo during 2011.
Beginning in 2011,
Genting made a full - scale push in Albany to permit private casinos, organizing the New York Gaming Association with other
gambling companies and hiring well - connected lobbyists and advocates, including several close to Mr. Cuomo.
The breakdown of the
Genting plan also highlights the challenges confronting
gambling companies now: the industry has matured to such a degree, and casinos have so proliferated in the Northeast, that competitors are desperately seeking to take market share from one another or to block their entry altogether.
The Times reported last week that
Genting, a Malaysian
gambling company that had worked with Mr. Cuomo on a plan to build a convention center and casino at the Aqueduct racetrack in Queens, gave $ 400,000 to the group in 2011, and that the New York Gaming Association, a trade group founded by
Genting and other
companies, donated the $ 2 million in December.