Friday, June 4, 2010

Mohegans Not Among Bidders This Time For VLT Slots At NYC Racetrack

Feather News

Six bidders have emerged in this week's new round of bidding to build and operate a VLT slot parlor at the Aqueduct Racetrack in Queens, N.Y. but the Mohegan Tribe is not involved in this latest bidding round.

The six groups paid $1 million each to the state's Division of Lottery to be eligible bidders for what has long been hailed to become New York City's first slot parlor.

One new bidder is the owner of Empire City Casino, a large slot parlor in Yonkers, N.Y., who would likely be affected dramatically by a new slot parlor at the Queens, N.Y., racetrack. Also new to the fray is Genting New York LLC, the Malaysian-based gaming group that bought a majority stake in the Monticello racetrack-slot parlor last year and is actively seeking out other gaming opportunities in the Northeast, including Massachusetts.

Others include Delaware North & Saratoga Gaming and Raceway, SL Green, Penn National and the Clairvest Group, which is considered the financial arm of Aqueduct Entertainment Group which won the last round of bidding but was later disqualified.

Once completed, the Aqueduct Racetrack could have close to 5,000 VLT slot machines on its premises.