Quote:
Originally Posted by freddymo
They can not and will not award a single bidder the project when the entire free world either choose not to bid(remember a paultry 3 bidders surfaced) or bidded with caveats in place. The state(Lottery) put forth an RFP and from such the received 1 single potentially complaint bid that may or may not be licensible. Ask yourself this, Do ya think Green and Penn believe Genting is real competition? Why on earth would they submit non complaint RFP's IF they thought Genting was likely suitable partner? You think these groups didn't do their homework?
I suggest the current process will end fairly quickly and hopefully when the new Gov, is in place can re start in jan of 2011. In the mean time NYRA had better instutute Plan B:
No racing 1/1/2011 thru 3/15...Hedge Fund can race at Philly park or Penn Nat
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Spot on!! Penn has a billion in cash on it's balance sheet. They have been bottom feeding for a Vegas casino for over a year now. Penn has done massive due dilligence and there is no way they would take the demands of that RFP to heart. They just told the state to drop dead, as did Wynn, MGM, and Harrah's.