Thursday, December 13, 2007

Mohegan's New York Casino Bid Continues

By Ken Davison

New York Governor Eliot Spitzer has not selected a gaming operator for the Aquaduct race track, located in the Queens Borough of New York City, nor has it been decided whether gaming will also happen at Belmont race track.

The governor originally sought companies to operate both the horse racing and gaming at the tracks but later chose the company that currently runs the racing to continue in that role while he sought new proposals for the gaming aspect.

A thiry-year franchise to operate three race tracks was negotiated between the governor and the New York Racing Association (NYRA). NYRA's current half-decade old franchise is set to expire in less than three weeks, on December 31st.

The winning bidder will need to be approved by the state legislature and the governor's staunchest opponent of the choice of NYRA to operate the racing is Senate Majority Leader Joe Bruno. Negotiations between Bruno and the governor's office have not yet produced an agreement but it appears as if a temporary agreement may be reached as early as tomorrow to confirm the governor's selection of NYRA for the racing franchise.