... And, let us not forget that the legacy of the AEG mess in connection
with the racino has yet to be written, since the matter remains under investigation.
So my idea was to couple
it with a racino or a casino development, have a mega development, a casino, racino and convention center are all one development, which would make the numbers work.»
Not exact matches
If Genting fails to make it through the process and doesn't pass muster
with the Senate, Assembly and Gov. David Paterson, then it's back to the drawing board — for a third time — in the search for a
racino operator.
The
racino,
with 4,500 video lottery terminals, is expected to generate from $ 450 million to $ 600 million per year.
Once the state signs a contract
with an operator,
racino construction is expected to take 12 to 18 months, meaning it could open anytime from late 2011 to early 2012.
The Point Place Casino will compete
with the state - approved del Lago Resort and Casino and Gural's Tioga Downs Casino and Vernon Downs
racino.
Wilmot continues his push for at least two years for the state's last available
racino license, a state requirement to open a harness race track
with video slot machines.
As first announced nearly five months ago, the Administration has been negotiating
with Genting to build a convention center at the current Aqueduct
racino.
Some members of bidding teams that vied for the rights to build and operate an Aqueduct
racino are exploring partnerships in the new round of requests for proposals, according to people
with ties to the groups.
He says it's already here - there are several Indian run casinos, and
racinos,
with slot like machines, at numerous horse racing tracks.
«The conversation
with Genting» will be about «the expansion of the
racino,» Cuomo said, referring to the limited gambling parlor currently at Aqueduct that includes slot machines but no live gambling tables for games like poker or roulette.
Bill sponsors insisted they had the votes available for a Friday vote on the measure, but the effort has been met
with stiff resistance from
racino operators, who spent much the day personally lobbying lawmakers in the Senate.
I guess they did not read the papers
with regard to Pensiongate» and all those well connected Democrats who are returning the Millions of dollars that they received from the Pension System and lets not forget that Congressman Meeks records was subpoenaed by the Feds, and who can forget what Hank Morris lawyers said «everyone does it» and lets not forget the State IG and his battle
with the Sampson the Bipartisan and the other leaders of the Democratic Senate Crazy» Committee it seems the don't want to give him there records
with regard to the
Racino scandal.
With 1,000 new video lottery terminals coming to the Resorts World
racino at Aqueduct in Queens, supporters of thoroughbred racing are worried that the new devices could eventually detract from the money that the VLT parlor gives to the state's race tracks.
As a business partner
with the state, we disagree over
racino in our zone.
The analysis, which should, of course, be taken
with a grain of salt, reveals that the Stockbridge - Munsee would pay less than one third the amount that
racinos currently pay in taxes to the state.
Lawmakers had reached a tentative agreement on casinos yesterday,
with a cap on two casinos per region and more equitable revenue sharing for
racinos placed near casinos.
There are several Indian - run casinos and
racinos,
with slot - like machines, at numerous horse racing tracks.
Aqueduct Entertainment Group, which emerged late last month as the surprise — and controversial — winner of a drawn - out bidding process to develop the Queens
racino, is moving to smooth things over
with the public by cutting ties
with Darryl Greene, the partner who pleaded guilty to stealing $ 500,000 from city agencies in the 1990s.
The governor, in a question and answer session
with reporters, sought to put more space between himself and Genting, saying it was really his predecessor, Governor Paterson, who forged the deal for Genting to run the
racino at the Queens Aqueduct race rack.
It's about as depressed an area as there is and when you had a chance to help these people,
with the fracking and the casino, they give them this doubleheader,» said Jeff Gural, owner of Tioga Downs
racino, which had bid for a casino license.
«That helps you
with your customers, because they know you're legit,» said Featherstonhaugh, whose group represents the state's nine
racinos.
The state Lottery Division has «unanimously» and «
with genuine enthusiasm» recommended the last bidder standing, the Malaysian - based Genting New York, to receive a lucrative contract to develop and operate a
racino at the Aqueduct racetrack in Queens.
Cuomo, however, said the state would pursue the Queens project as a $ 4 billion joint venture
with the private operator of the Aqueduct
racino.
At the same time, the gambling market upstate and in the Northeast in general is saturated,
with the upstate casinos competing
with multiple other casinos and
racinos.
But there are worries
racinos left to compete
with Las Vegas - style casinos
with slots and table games could face a difficult road.
The casinos would debut in a state that already has five Indian casinos and nine
racinos with slot - like video lottery terminals.
Lottery revenue grew nationally and in New York, while
racino revenue,
with video lottery terminals, rose as well.
The new facilities will share a market
with nine
racinos and eight casinos run by Native American tribes.
ALBANY — Jeff Gural, the real estate developer and owner of both Vernon Downs and Tioga Downs
racinos, was quaking
with anger as he left a meeting of the state gaming board that announced its recommendations for three new casino licenses today.
Governor David Paterson is under siege
with a series of swirling controversies... the awarding of bids for the Aqueduct
racino, his conversations
with a woman who has accused a top aide to the governor of domestic violence, and the cloud over how the governor obtained Yankees» World Series tickets.
The Onondaga County Legislature on Wednesday rescinded its year - old endorsement of a proposed «
racino» — a harness raceway
with video lottery terminals — in Cicero.
Local officials said it was unlikely that a
racino could compete
with full - fledged casinos.