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#1
03-09-2010, 11:35 AM
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NYS to withdraw VLTs deal from Aqueduct?
http://www.nypost.com/p/blogs/knicke...eaRINjnDi7avxO
In a stunning reversal, Gov. Paterson’s office has sent a letter threatening to kill the deal with AEG to open 4,500 casino slots at Aqueduct race track in Queens, The Post has learned. In a March 5 letter, top aides to Paterson told Aqueduct Entertainment Group the state will "withdraw its support" for the project by noon today if the firm fails to submit applications for all its investors to obtain a gaming license from the New York Lottery. 
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#2
03-09-2010, 11:43 AM
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Quote:
__________________
"I guess it comes down to a simple choice, really. Get busy livin' or get busy dyin'."
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#3
03-09-2010, 11:48 AM
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It is highly doubtful that AEG will get the deal. Looks like it is going back to square 1. As long as the politicians insist on getting something in return for awarding the contract, it is hard to believe that this will happen anytime soon. What remains to be seen is if the State will fund NYRA as it promised it would do for its failure to have an operator in place by now.
Last edited by Kasept : 03-09-2010 at 11:59 AM.
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#5
03-09-2010, 12:57 PM
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Quote:
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#6
03-09-2010, 12:57 PM
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UPDATE:
http://www.nydailynews.com/news/2010...cino_deal.html Meanwhile, AEG Tuesday morning said all of its investors have filed applications for their gaming license applications, meeting a noon deadline imposed by Paterson. Statement of Jeffrey Levine, Founder and CEO of Levine Builders and Partner in Aqueduct Entertainment Group, LLC: "All applications have been submitted to Lottery in full compliance with the state's instructions," AEG founder and CEO Jeffrey Levine said in a statement. ALBANY - Influential Queens Rev. Floyd Flake is giving up his role in a group picked by Gov. Paterson to run the Aqueduct racino, the Daily News has learned. Flake, hounded by controversy for weeks, made the decision as an investigation by the state Inspector General's Office into the selection of his group, Aqueduct Entertainment Group, heats up UPDATE #2: Sources say Aqueduct racino mess is growing ALBANY - State investigators have uncovered a slew of eyebrow-raising oddities in their probe of the tainted Aqueduct racino deal, the Daily News has learned. "It's becoming clearer and clearer that there's a problem there," a source close to the investigation said. Probers with Inspector General Joseph Fisch's office have grilled a host of Gov. Paterson's aides, including his No. 2 lawyer, David Rose, and members of the state Lottery and Budget divisions. They're also digging through e-mails and documents between the state and racino bidders. Some officials have told investigators they were shocked when Paterson picked politically connected Aqueduct Entertainment Group to run the racino, which is expected to bring operators and the state hundreds of millions of dollars a year. http://www.nydailynews.com/news/2010...s_growing.html Last edited by Buckpasser : 03-09-2010 at 01:14 PM.
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#7
03-10-2010, 08:15 AM
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#8
03-10-2010, 08:21 AM
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No Jay Z means No Beyonce...That is NEVER a good thing
http://www.nypost.com/p/news/local/b...c6Qr1T7IqzSdgP
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#9
03-10-2010, 08:27 AM
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Neverending this story. Just like the OTB nonsense.
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#11
03-10-2010, 08:49 AM
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Racing in NY will be fine because the product is good and getting better. NYRA is addressing serving the bettor. NYRA does have people in place that want to make sure the product is good. NYRA isn't perfect but how can you be when you are broke and are required to beg for money instead of running your business to earn..Its totally unfair how do you run a business if nothing the state promises ever comes true? If they told them tomorrow NO SLOTS EVER at least they could develop a plan..Unti then they are going to beg the state for money and eventually the State will borrow more money they don't have to make the thing solvent for a while longer? Belmont isn't going to stop racing!
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#12
03-10-2010, 05:10 PM
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How funny the state politicos are... NOW these morons spout off about 'urgency'... The previous EIGHT YEARS didn't provide enough of an opportunity to get this done. Laughable frauds.
http://tinyurl.com/ya76jow NY Lawmakers Want Urgency in Casino Decision By Tom Precious Updated: Wednesday, March 10, 2010 4:45 PM Posted: Wednesday, March 10, 2010 4:45 PM State lawmakers March 10 urged Gov. David Paterson, who is considering pulling the plug on Aqueduct Entertainment Group’s casino deal at Aqueduct, to pick from one of the remaining bidders if the AEG contract is scuttled. “We need to move from the other choices available. There’s no reason to start from scratch again,’’ Sen. Eric Adams, a Brooklyn Democrat and chairman of the Senate’s racing committee, said if Paterson and legislative leaders kill the AEG deal. The state’s Lottery Division has told aides to Paterson that it does not believe AEG can obtain the licenses it needs from the agency to run the Aqueduct casino. Sources said the agency, among it concerns, raised issues with Karl O’Farrell, an Australian businessman who ran Capital Play, which bid on a previous Aqueduct casino project. AEG officials have sought to assure lottery officials that O’Farrell has no role with its current bid.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
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#14
03-11-2010, 10:15 AM
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'Unlicensable' AEG may be bounced from struggling Aqueduct racino project as early as today (Wednesday)
The group chosen to run the Aqueduct racino failed to clear all the state's hurdles and could be bounced as soon as Wednesday, the Daily News has learned. The news comes a day after high-profile investors Jay-Z and Queens Rev. Floyd Flake ran away from the project. The Lottery Division last night forwarded a memo to Gov. Paterson's chief of staff, Larry Schwartz, and chief counsel, Peter Kiernan, stating that Aqueduct Entertainment Group is "unlicensable" for numerous reasons, a source told The News. A second source said Schwartz and Kiernan - who have final say for the administration after Paterson revealed yesterday he recused himself from any involvement in the project - had not made a final decision as of Tuesday night, but that "a decision could be made as early as [today] as to what the fate of AEG will be." http://www.nydailynews.com/news/2010...#ixzz0hsx1Tp2S
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#16
03-11-2010, 10:37 AM
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It's so sad.. Now this has to begin again get rebid get re investigated and that will take time. So expect that NYRA will be at the State Legislature begging for money to run a meet. Expect policticians to grandstand and push their agenda and expect in the 24th hour after all the blowhards posture themselves for their pending campaigns that the State delves NYRA money to proceed..
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#17
03-11-2010, 11:51 AM
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Call me cynical, but the selection of another bidder would probably moot most of the issues tied to the AEG selection process and put an end to the investigations related to it.
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#18
03-11-2010, 12:31 PM
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AEG's Aqueduct deal officially dead
State officials today scratched AEG’s plan to operate 4,500 slots at Aqueduct race track following accusations of a corrupt bidding process.
"The Division of the Lottery has concluded that it cannot issue a gaming license to Aqueduct Entertainment Group (AEG). Therefore, the State has officially withdrawn its support for AEG to develop and operate a video lottery terminal (VLT) facility at Aqueduct Race Track," Gov. Paterson’s office said in a statement. http://www.nypost.com/p/blogs/knicke...a1R89mqY1IMouJ http://www.bloodhorse.com/horse-raci...m_medium=email
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#19
03-11-2010, 12:54 PM
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#20
03-11-2010, 01:08 PM
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Of course, as long as the lame duck is our Governor, there is no telling what happens next. Though, I would assume it won't be long before Patterson is charged criminally and forced to resign. You can pick and choose between the Aqueduct deal, the obstruction of justice regarding his top aide's domestic violence or the free Yankee tickets as to which situation he will likely be charged criminally first. My guess is the domestic violence.
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