Posted Mar 11, 2010, 5:42 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,890
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As predicted...
http://www.ny1.com/1-all-boroughs-ne...ct-racino-deal
State Abandons Support For Aqueduct Racino Deal
By: NY1 News
Quote:
Governor David Paterson announced today that the state has officially withdrawn its support for the deal to install video slot machines at the Aqueduct Racetrack in Queens.
The news comes after the Division of Lottery rejected the Aqueduct Entertainment Groups’ request for a gaming license.
The decision also comes after two of the project’s well-known backers, Reverend Floyd Flake and rapper Jay-Z, said they were backing out amid an investigation of why the group was selected.
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http://www.nypost.com/p/blogs/knicke...T6bQIwt4FwK5NL
EXCLUSIVE: AEG threatens to sue state over nixed Aqueduct deal
March 11, 2010
By CARL CAMPANILE
Quote:
Don't bet against us
The politically wired firm that won the controversial bid to operate 4,500 slots at Aqueduct race track strongly hinted they’d sue the state if Gov. Paterson’s office reversed courses and scratched the project, The Post has learned. The threat came just as the state announced the deal was being called off.
"We believe any adverse recommendation would be unsupported both as a matter of fact and a matter of law," AEG lawyer Barry Berke said in a strongly worded March 10 letter to Paterson’s top senior aides, secretary Larry Schwartz and counsel Peter Kiernan.
Paterson’s office threatened to kill the project because some of AEG’s investors had failed to submit applications to undergo a background checks to obtain a gaming license.
Following the edict, two minor but influential AEG partners – powerhouse Queens minister Floyd Flake and rap mogul Jay-Z – backed out of the project instead of undergoing the scrutiny.
AEG said it wanted an opportunity to review and contest any "adverse recommendation’ by the Lottery Division before Paterson’s office made a final decision on the project’s fate.
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