|
|
|
 |
Wynn Exit Leaves Five Candidates for Aqueduct Casino
NEW YORK, NEW YORK --
Casino magnate Steve Wynn withdrew today from bidding for the rights to develop a casino gaming complex at Aqueduct Race Track in New York. Without the head of Las Vegas-based Wynn Resorts, there remain five bidders for the casino project.
Penn National Gaming has openly declared a bid of $250 million for licensing fees. The company is a specialist at regional casino operations.
Delaware North is another prospective operator, but the company had to renege on a previous decision regarding bringing a casino to the track after it couldn't find financing. The black eye has caused Delaware North to become a long shot this time around.
Aqueduct Entertainment Group and R. Donahue Pebbles, who has support from MGM Mirage, also are in the hunt for the casino license. SL Green Realty, whose ownership runs BET TV and the NBA's Charlotte Hornets, may be Governor David Paterson's personal favorite, as the New York realtor has powerful political ties to Paterson.
Wynn apparently found the approval and bidding processes enervating, and worried about clashes with New York's hotel union. Many residents thought Wynn deserved the license, as he would bring a feeling of style and elegance to what some fear may become a lower-class facility.
Previous USA Casino News Articles
Post A Comment
|
 |
|
|
|
