David Paterson

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AEG Out as Casino Operator at Aqueduct

AEG Out as Casino Operator at Aqueduct

New York officials have scuttled the deal with Aqueduct Entertainment Group to develop a sprawling casino at Aqueduct racetrack, leaving an uncertain future over when the project will ever take shape.

NY Officials Discuss Aqueduct Casino Operator

Top state officials in New York are still discussing options for an operator of the long-delayed Aqueduct racetrack casino, but negotiators appear split on whether a final announcement needs to be a part of talks now underway to resolve the state's deficit.

Aqueduct Casino Said Down to Final Three

Aqueduct Casino Said Down to Final Three

Negotiations for an Aqueduct casino operator have stepped up again, with a new flurry of talks between Gov. David Paterson and legislative leaders occurring in advance of a return by the state legislature the week of Nov. 16 to deal with New York's soaring deficit.

Paterson Authorizes NYCOTB Reorganization

New York Gov. David A. Paterson on Sept. 1 signed Executive Order No. 27, authorizing the New York City Off-Track Betting Corporation (NYCOTB) to file a petition for reorganization under Chapter 9 of the federal bankruptcy code. The governor issued the order after it was determined that NYCOTB requires major restructuring to regain solvency. Paterson has directed the NYCOTB board of directors, led by Chairman Meyer "Sandy" Frucher, to provide the governor's office with a restructuring plan within two months, which likely will include a Chapter 9 filing for NYCOTB.

Hard Rock Adds Johnson to New York VLT Bid

  • News

Hard Rock International has added a potent new force - an entity run by billionaire Robert L. Johnson - to its team to try to win the exclusive rights to develop the long-stalled casino at Aqueduct racetrack.

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