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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.

All Five Aqueduct Bidders Meet Deadline

All five remaining bidders for the Aqueduct gaming project said they have met a Nov. 6 deadline to guarantee a quick $200-million payment to the state of New York if they are chosen to develop the video lottery terminal casino at the Queens racetrack.

NY Gov. Meets on Aqueduct Casino Project

NY Gov. Meets on Aqueduct Casino Project

Gov. David Paterson and New York legislative leaders met behind closed doors Oct. 29 in Manhattan to try to resolve the selection of an operator for the long-stalled Aqueduct video lottery terminal casino project.

Seven Bids Submitted For Aqueduct Casino

Seven Bids Submitted For Aqueduct Casino

Trying one more time, the state of New York accepted seven new bids - from major casino operators to real estate and racing interests -- to develop a casino at Aqueduct racetrack, an authority first approved for the facility back in 2001.

Suit Filed Over Aqueduct Casino Bid

Suit Filed Over Aqueduct Casino Bid

The long and twisting turns of efforts to develop a casino at Aqueduct racetrack has gone to a new venue: state court. SL Green Realty Corp., a Manhattan real estate company, has sued Buffalo-based Delaware North for breach of contract and other causes with allegations that include taking confidential information it obtained from SL Green for use in its bid for the casino.

NY Officials Scramble for Aqueduct Bids

As state officials in New York scrambled to re-group following the collapse of the Delaware North plan to build a casino at Aqueduct racetrack, at least one of the former bidding groups said it would be interested in making a new bid on the long-stalled project.

Issues Delaying VLT Casino at Aqueduct

Issues Delaying VLT Casino at Aqueduct

The company selected to operate video lottery terminals at Aqueduct said there are a host of unresolved issues, including restructuring its financing deal, before it can close on a final agreement with the state of New York to begin construction on the long-delayed facility.

Magna, Churchill Withdraw From Empire Racing

A consortium of major horse industry companies vying for the Thoroughbred franchise in New York began falling apart Oct. 10, as Magna Entertainment Corp., Churchill Downs Inc., and Delaware North announced their withdrawal from Empire Racing Associates.

Green 'Thumb' Hinges on New York Revenue Model

Finger Lakes Gaming & Racing will add almost 200 video lottery terminals as part of a $4-million expansion, but a top official with owner Delaware North indicated major racing-related projects, such as installation of a turf course and perhaps a synthetic surface, are closely linked to the VLT revenue model in New York.

Delaware North Names Vice President of Finance

Michael Corbin has been named to the new position of vice president of finance for Delaware North Companies Gaming & Entertainment, which is expanding from a racing company to a full-scale hospitality company.

Finger Lakes Owner Signs On With 'Friends'

The company that owns Finger Lakes Gaming and Racetrack and operates video lottery terminals at two upstate New York harness tracks has joined the board of directors of Friends of New York Racing, the advocacy organization that seeks to create a better business model for horse racing in the state.

Analysts: New York Racinos No Sure Bet

Hit by relatively high revenue-sharing demands from the state and plans for even more gambling competition, New York's racetrack video gaming machine program has a murky future, Wall Street analysts and industry officials said.

Finger Lakes Officially State's First Thoroughbred Racino

Patrons waited more than two hours to enter Finger Lakes Gaming & Racetrack Feb. 18 for the opening of the track's video lottery terminal parlor. The scene was reminiscent of one that played out a few weeks earlier when Saratoga Gaming and Raceway became New York's first operating racino.

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