08-03-2010, 05:53 PM
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Oaklawn
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Join Date: May 2006
Posts: 2,064
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Malasian Company to run NYRA Racino
http://www.bloodhorse.com/horse-raci...casino-project
Genting New York, a Malaysian-based casino group, has been recommended by the New York Lottery Division to run the much-delayed Aqueduct video lottery terminal casino project.
Genting, the only bidder left standing in the most recent procurement round, offered the state an immediate upfront franchise fee payment of $380 million. The state had demanded from bidders at least $300 million in immediate payments for the exclusive rights to run the 4,500 VLTs at the Aqueduct facility.
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