The new casino at Aqueduct racetrack should have ground broken on the project by the end of the month, according to the head of the New York Racing Association.
In a friendly video interview done by NYRA’s own in-house publicity department, NYRA President Charles Hayward said he expects the final plans for casino to be completed by Genting New York, the casino operator and construction underway by Oct. 31.
"That would be great for everybody, for purses, for NYRA, and also great for the community,’’ Hayward said in the video released by NYRA.
The NYRA boss said the casino, which officials have said could be partially open six months after construction begins, will operate on a full-year basis bring at least $20 million to NYRA for its own capital needs along with $15 million for operating expenses. Purses at NYRA will rise from about $100 million a year now, he said, to at least $130 million, and breeders can expect over $5 million in revenue-sharing payments from the casino.
"That’s huge,’’ Hayward said of the casino’s "conservative’’ financial impact on purses.