'Aqueduct Entertainment Group' tabbed slots vendor
 

Aqueduct casino operator named
By Matt Hegarty

http://www.drf.com/news/article/110472.html

Government leaders including Gov. David Paterson have selected a wide-ranging partnership that calls itself Aqueduct Entertainment Group to operate a slot-machine casino at Aqueduct racetrack in Ozone Park, N.Y., according to a statement released by Paterson late on Friday.

The selection of Aqueduct Entertainment Group could end a drawn-out selection process that has proceeded in fits and starts over the past several years because of economic and political considerations. The casino was first legalized for Aqueduct late in 2001, and though Delaware North, a casino operator, was selected late in 2008 to operate the casino, the deal fell apart early in 2009 after the company could not make good on promises it had made with the state in its operating agreement.

Aqueduct Entertainment Group includes the Navegante Group, a casino developer headed by Larry J. Woolf, the former chief executive of MGM Grand Hotels; GreenStar Services Corporation, a New York-based construction company; Turner Construction Company, also based in New York; Levine Builders, a New York construction company; the Darman Group, a construction consulting company that bills itself as a "wholly minority-owned firm"; PS&S Design, a construction consulting company; Siemens, the electrical engineering company; and Clairvest Group, a Canadian merchant bank.

Morgan Hook, a spokesperson for Paterson, said the governor's office hopes to hammer out a contract in the next 30 days with AEG covering the obligations for the operation of the casino. After that, construction on the casino could begin, Hook said.

After 3 Blue Ribbon Committees meet in 2011 2012 and 2013 I figure the new bid will be out in 2014.. I figure 2018 NYRA will be broke for the 11th time OTB will have reorg 7 times and Pletcher will be the best trainer in NY.

I'll believe it when I see the machines working and the purses rising. Until then I'm convinced Albany could phuk up a wet dream.

Doc you have a better shot of winning the Woodward with a claimer then NYRA has of getting cash from this group..

Sad, but probably true, Freddy.

This group looks more suited to raze the track and put up a shopping mall than to run a casino. Wonder how many wallets got fatter in Albany to get this deal done.

Looks like Gulfstream North. And not complaining a bit ;)

http://www.aqueductentertainment.com/project.php


God bless - hope this goes through and gets up and running in the next 30 years.

looks like they have a lot of escalators.

It is pretty neat that they are going to include an Aqueduct Racing Museum.

Looks very nice, unfortunately I'll believe it when I see it.

:tro:

This is certainly not a done deal yet. Looks like another example the corrupt politicians in New York using horse racing as a way to grease themselves and their friends. Some vetting process, one of the partners convicted of ripping off the government of $500,000. This group really looks like they have racing's interest as their highest priority. Incredible! :rolleyes:

http://www.nypost.com/p/news/local/b...wj6wseJkbc6clJ

Now Silver going to block this deal, looks like the right thing, but for the wrong reasons. Though it is hard to argue that it is wrong to hand this to criminals, but then again, I doubt whoever Silver wants is any better. New York needs to clean house with these clowns. Unfortunately, this saga appears to be far from over. Government corruption at its pinnacle.

http://www.nypost.com/p/news/nationa...LAeOVkQkrbMHaM

Looks like the Gov leaked the 300 mil bid to his boyz told them to increase the up front cash to 301mil.

I want to see who is lining up to give them 300 mil to build something that has more eyes watching it and more hands looking to grab from it as one could imagine.. Good Luck finding this 300 mil..

NY racing industry calls for an agreement now .
http://thoroughbredtimes.com/nationa...rk-gaming.ASPX

I suspect that Violette and Cannizzo want this to go through just due to the frustrating length of the delay to name an actual viable operator and the prospect of how long it will take to re-bid the process and find a legitimate operator.

As for Eric Adams, he is just another political hack who is right in the pocket of many involved in AEG and those promoting this group such as Floyd Flake and Malcolm Smith. As a former cop, I would love to know what Adams credentials are for being the Senate Racing and Wagering Committee Chairman.

Unfortunately, it is hard to believe that this group cares about racing at all and shoving through a group of politically connected criminals for the sake of getting this up and running does not sound like a plan for the long term success of racing. The real problem is that since Silver does not have this group in his pocket he is opposing it. The need for a legitimate operator should be imperitive here, but until these political hacks are bounced, it is unlikely to happen.

If they have the finaning in place for the 300mil there shouldnt be any delay.. If they don't have the money locked up then the whole excerise was a complete waste of time.

In this economy you have to take their $100,000,000 increase over their intitial offer seriously . Hope they can work out the wrinkles and turn that shovel quickly. After that point government audits and oversight will keep that racino on course - we hope. As usual this might be little ado about nothing.

Did everyone read the Daily News article on the AEG investors this week?

Thoughts?