Posted Feb 7, 2010, 1:01 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,916
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http://www.niagara-gazette.com/opini...034224237.html
GLYNN: Las Vegas-based firm to run Aqueduct casino
February 03, 2010
Quote:
A Las Vegas-based management company has been awarded a contract to operate a lucrative casino at Aqueduct Race Track in New York City.
Aqueduct Entertainment Group, an eight-member partnership that includes gaming executive Larry Woolf’s Navegante Group, was selected over competing bids from four other groups: MGM Mirage, Harrah’s Entertainment, Penn National Gaming and Hard Rock Entertainment, which is operated by a Indian tribe in Florida.
Officials said the new casino’s 4,500 video lottery terminals could help offset New York’s $7.4 billion budget gap. It is estimated the gambling terminals could generate upwards of $1 million per day in revenue.
A spokesman for AEG said the Navegante Group also operates casinos at The Sahara in Las Vegas, Reno’s Grand Sierra and three properties in Elko, Nev. At present, a memorandum of understanding is being negotiated with New York State Lottery officials and those meetings will take about two months. The casino is expected to open by September.
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