Not exact matches
Nassau Regional Off - Track Betting Corp. has missed a $ 3 million payment on a short - term note to a Manhattan investment bank as it awaits
revenue from a deal transferring its authority to install 1,000
video slot machines to Aqueduct Racetrack in Queens.
The payment, which county officials said was due March 31, comes from
revenue from
video slot machines at Aqueduct Racetrack.
The
revenue - sharing agreements, signing separately with each tribes as they opened their casinos in the 1990s, guarantee the payments to the state in exchange for the right to be the sole operators of
video slot machines.