AEG's Aqueduct deal officially dead

[Buckpasser]

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.

[asudevil]

Originally Posted by Buckpasser

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.

Another snag?? I can't believe it.

[pointman]

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.

[asudevil]

Steve Wynn must be chuckling....

[Buckpasser]

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

[johnny pinwheel]

Originally Posted by asudevil

Steve Wynn must be chuckling....

he probably is......it shows who the best group would of been when he ran like the wind from this debacle. but i thought i read somewhere that the penn. group was offering 300 million up front to get in. why don't they go for that deal....i guess the envelope is not fat enough yet ......lol

[freddymo]

No Jay Z means No Beyonce...That is NEVER a good thing

http://www.nypost.com/p/news/local/b...c6Qr1T7IqzSdgP

[randallscott35]

Neverending this story. Just like the OTB nonsense.

[freddymo]

Originally Posted by pointman

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.

I am sure the state will fund NYRA how cant they?

[gales0678]

Originally Posted by freddymo

I am sure the state will fund NYRA how cant they?

freddy - will we get a fall meet at belmont ?

[Buckpasser]

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

[randallscott35]