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06-29-2010, 08:22 PM
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Aqueduct parlor bidders down to 3; Recco comes August 3rd
Three groups submit bids for Aqueduct casino
By Matt Hegarty Three groups submitted bids to operate a casino at Aqueduct racetrack in Queens by a late-afternoon deadline on Tuesday, according to the New York Lottery, which is overseeing the process to evaluate the bids. The three groups - the casino and racetrack operator Penn National Gaming Inc., the Malaysia-based casino company Genting New York, and a partnership of SL Green, Hard Rock, and the Clairvest Group - will compete to win the rights to operate the casino over a span of 30 years. The casino is expected to be one of the highest-grossing gambling properties on the East Coast. Earlier this month, six companies complied with a condition of the licensing process to submit a $1 million entry fee to bid on the casino, which was first approved in 2001. Two of those companies, Delaware North Gaming and Empire City Casino at Yonkers Raceway, did not submit a bid on Tuesday. In addition, Clairvest, a Canadian venture-capital fund, had submitted its own $1 million entry fee, only to partner with SL Green and Hard Rock in its Tuesday bid.
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