Monday, June 23, 2008

New York Legislators May Delay Award Of Aqueduct VLT Slot Machine Franchise

Feather News

Today is the last day of New York's current legislative session but it appears that officials are not yet ready to select the group that will build and manage a 4,500-machine VLT slot parlor at the Aqueduct racetrack in Queens, N.Y.

Among the three groups bidding to build and manage the VLT slot parlor at the racetrack is the Mohegan Tribe, through its partnership with Australian-based Capital Play and other entities. The Seminole Tribe, through its Hard Rock Entertainment subsidiary, is partnering with SL Green Realty Corporation and the other group consists of Delaware North, which runs other racetrack-VLT slot parlors in the state.

Although a decision was expected by today, officials for N.Y. Governor David Paterson said a decision is unlikely today "because background checks are still being done on the bidders and the state is still poring over the three financial plans."