The long-sought Memorandum of Understanding to designate a winning developer of slot machines at the Aqueduct racetrack in Queens has finally been signed, as expected, by the governor, Assembly Speaker Sheldon Silver and the Senate Majority leader, John Sampson.
The three leaders announced this news this afternoon. From Governor Paterson, in a statement:
After an extensive review of the applicants and the final Division of Lottery recommendation, I am pleased to announce my support for Genting New York to build and operate the video slots parlor at Aqueduct. … Genting emerged as the winner of a highly competitive process that saw potential bidders narrowed from an original pool of seven down to one. I commend Senate Conference Leader Sampson and Assembly Speaker Silver for joining me in support of Genting New York and revitalizing the Aqueduct Racetrack.
The full release is here.
Follow The Real Estate Desk via RSS.