Saturday, June 11, 2011
News & Notes from Senator Joe Addabbo
Tuesday, March 8, 2011
Casino Construction and Round the Clock Simulcasting at Aqueduct by Brian Jackson - New York Horse Racing | Examiner.com
Friday, July 16, 2010
Pols: Go-Go a No-Go for Aqueduct Casino by Brendan Scott in Albany and Carl Campanile in NY - NYPOST.com
Lose the showgirls and hold on to your horses!
Queens leaders said yesterday they want to scratch a plan to have scantily clad Las Vegas-style dancers performing at a proposed casino at Aqueduct Racetrack, while an upstate judge ordered the Paterson administration to halt its latest efforts to open a gambling facility there.
Genting New York -- the American arm of the Malaysian-based gambling giant -- unveiled images on Monday of a proposed "racino" that includes a stage for showgirls to strut their stuff while gamblers play video lottery terminals.
"That's not the type of venue we're looking for," said Community Board 10 Chairwoman Betty Braton.
Assemblywoman Audrey Pheffer (D-Ozone Park) said having showgirls at Aqueduct "went over like a lead balloon."
"That was a mistake. I'm not for scantily clothed dancers. This is not Las Vegas!" Pheffer said.
The furor over the showgirls comes as Genting presents its racino plan to Community Board 10 tonight at Aqueduct.
Genting is the only horse left in the race after the state Lottery Division disqualified two other bidders last week -- SL Green-Hard Rock and Penn National -- for not following competition rules.
After hearing about the flak, Genting NY will now tell CB 10 that the plan for showgirls is not leaving the starting gate.
"We have no plans for showgirls. This was an architect's rendering, and nothing more," said Genting spokesman Stefan Friedman.
While widely respected in the gambling industry, Genting is not without controversy.
The outfit has plunked $200 million into its partnership with MGM Mirage. New Jersey gambling regulators warned Las-Vegas-based MGM Mirage to drop its ties to business partner Pansy Ho, the daughter of Macao gambling mogul Stanley Ho, who has reputed ties to organized crime.
But the Genting-backed MGM decided to sell its stake in Atlantic City's posh Borgata casino instead of severing its business partnership with Ho in a Macao casino.
Genting dismissed the connection as trivial.
"That's like holding a bank responsible for the actions of anyone they lend money to. It just doesn't make sense," Friedman said.
Meanwhile, Schenectady Supreme Court Justice Barry Kramer issued the temporary restraining order on the 2-month-old bid process after a lawsuit was filed by the Aqueduct Entertainment Co., whose previous winning bid for the multibillion-dollar casino deal collapsed in scandal earlier this year.
Additional reporting by Jennifer Fermino
Aqueduct 'Racino' Builder Would Lure Met and "Jet" Fans - NYPOST.com
The would-be builder of a video-slots complex at Aqueduct Racetrack in Queens announced plans last night to lure JFK Airport passengers on layover and Mets fans from Citi Field with shuttle buses.
Genting New York exec Jay Walker called JFK a massive tourism hub whose stop-over passengers could duck into the racino for a couple of hours.
Walker also called Mets fans "a diverse group, and they look like our customer base."
Friday, July 9, 2010
Two Aqueduct Bidders Scratched From Consideration for VLTs by Howard Koplowitz > YourNabeyour.com
Two of the three bidders for the video lottery terminal contract at Aqueduct Race Track were disqualified from consideration Tuesday for being “non-responsive” to the request for proposals that outlines how the bidding process will work, the state Lottery Division announced.
The bid from a group comprised of SL Green, Hard Rock International and Clairvest Group and the proposal from Penn National Gaming were thrown out because the plans “did not conform with the requirements of the competition and instead, attempted to negotiate for terms more favorable to the bidders,” according to the Lottery.
That leaves the proposal from Genting NY LLC, a subsidiary of a Malaysian-based gaming and hospitality company, as the only remaining bid for the Lottery to consider.
The state has until Aug. 3 to decide whether it will award the VLT contract to Genting.
A Lottery spokeswoman said that although Genting still is in the ring, the division can choose to pick no one for the contract and rebid.
If Genting is not approved, the Lottery said neither the SL Green-led group nor Penn National would be eligible for reconsideration because it would be unfair to other groups that showed preliminary interest in the contract but declined to submit a bid.
Instead of submitting signed copies of the memorandum of understanding attached to the RFP, both SL Green/Hard Rock/Clairvest and Penn National “offered altered versions of the MOU (memorandum of understanding) containing ‘material deviations,’” the Lottery said.
The division said the SL Green-led proposal was “non-responsive to the RFP on a number of substantial issues” and listed 19 points as to why the group was disqualified.
Among them were SL Green’s failure to agree to provide interim funding for New York Racing Association operations while the VLTs were to be built. It also demanded that the minimum $300 million licensing fee the winning bidder must pay to the state be held in escrow “and released to the state only after the satisfaction of conditions defined by SL Green,” the Lottery said.
The SL Green-led group also wanted to be exempt from state and local sales taxes in connection with the construction of the VLTs, the division said.
Among the company’s demands were that it be able to terminate the VLT license on its own at any time if the casino was not profitable for four consecutive calendar quarters, the Lottery said.
Like SL Green, Penn National also wanted the minimum $300 million licensing fee to be held in escrow until conditions it stipulated were satisfied, the division said.
Tuesday, June 29, 2010
Three Groups Pony Up Bids For Aqueduct Racino Project by Celeste Katz - The Daily Politics - NY Daily News
Three entities submitted bids in the latest attempt to find an operator for the long-delayed and controversial Aqueduct racetrack “racino” project, Bureau Chief Ken Lovett reports here at the State Capitol:
Penn National Gaming, Genting New York, and S.L.Green all delivered their materials to the state Lottery division by the 4 p.m. deadline.
Genting is Asia’s largest casino operator.
Penn National, which offered the state the largest upfront payment the last time around, operates 19 gaming and racing facilities.
S.L. Green has again teamed up with Hard Rock International. But this time they also added Clairvest, which was part of the ill-fated Aqueduct Entertainment Group consortium that was selected and then rejected earlier this year.
Each entity was required to promise the state a minimum upfront payment of $300 million, though Lottery won’t open the sealed bids until after the vetting process. Just to compete, the groups had to make a $1 million non-refundable payment to to the state.
Several interested groups ultimately backed off, including Buffalo-based Delaware North, which was once selected to run the project but then couldn’t come up with the promised upfront money.
“A highly unusual set of financial conditions, including the non-refundability of down payment and unpredictability of state taxation rates, caused us to re-evaluate,” said Delaware North President William Bissett.
The winning bidder will have to pay the New York Racing Association $2 million per month before the racino opens while also assuming payment of a $25 million loan to the group.
The Lottery on Aug. 3 is due to recommend a selection to Gov. Paterson and legislative leaders, who have the final say.
Unlike the last process, which is now under investigation, no lobbying is permitted by the groups. The new process is modeled after standard state procurement rules.

