Casino Coming To Aqueduct After Democrats Push Agenda
Governor David A. Patterson knows the importance of bringing a casino to Aqueduct. His state of New York is facing a terrible financial crunch, and thousands of people are losing their jobs on a daily basis.
That is why Patterson and other members of his administration finally put the squeeze on Republicans that have been stalling the efforts to bring the casino to life. A deal was finally struck on Thursday.
Delaware North is the company that won the right to build the casino. They won the bid mostly because of one reason. Up front money. They were offering the most up front money of any of the groups that were bidding on the casino license.
The company will pay $370 million for their license. That is a lot of money for a casino that will not even come close to resembling the ones available in Atlantic City or Las Vegas. Card tables will not be in the casinos, just video gaming machines.
In the end, it simply came down to money. "They offered the most money up front. And I think that's important to the state because of the financial situation we're in," said Chairman of the New York State Racing and Wagering Board, John D. Sabini.
The project is expected to be completed in five stages. Delaware North claims they will begin the first phase in early 2009. 1,000 construction jobs will become available with the new project. That comes as good news at a time when many are losing their jobs.
October 24, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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