State Drops AEG

The Paterson administration has dropped Aqueduct Entertainment Group from the bid to develop a racino at the Aqueduct racetrack, jettisoning the group a month after it was conditionally designated the winner of the years-long quest to beef up gambling at the Queens property.

Governor Paterson’s office just issued the following statement, attributed to the “Executive Read More

Kangaroo Casino

In mid-2006, Karl O’Farrell, an Irish-born entrepreneur from Australia with a penchant for gambling, hatched a quixotic plan to take over and develop New York’s biggest horse-racing tracks. That plan was the root of the political maelstrom that now engulfs Governor Paterson’s selection of a team to build a casino at the Aqueduct Read More

Winning Aqueduct Bidder Loses a Partner

Aqueduct Entertainment Group, the winning bidder to develop a casino-type operation at the Queens Racetrack, is losing a member. The group today announced that Darryl Greene had dropped out of the team, losing his 0.6 percent stake in the bid.

This better explains how AEG, which is battling a whirlwind of negative attention given allegations Read More

Paterson: There Was Consensus on Aqueduct; AEG Has the Money

Facing increasing criticism for selecting a politically-connected bidder to develop slot machines at the Aqueduct race track, Governor Paterson released a statement Thursday afternoon stressing that legislative leaders had agreed on the choice.

The statement appeared to be a riposte at Assembly Speaker Sheldon Silver, who Friday stated a list of conditions (and sent a Read More