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Casino News:

  Casino plan does not take off

Unsuccessful deal with Genting Bhd.; the major Malaysian casino operator, regarding construction of a $4 billion casino complex and mega-convention center in Queens, persuaded Gov. Andrew Cuomo to ask other operators to make the project a reality. He commented on Friday that the talks with Genting had since failed. Hence, other major companies are being approached for the project.
During his radio interview on WOR, Cuomo said that they had started working on the project in the recent past, but the discussions did not prove fruitful, so we started exploring alternatives with other operators who had given amazing proposals.
The governor had intentions for the project at Aqueduct Racetrack, near Kennedy Airport where Genting is operating a video lottery terminal. The governor’s office is exploring other places also. Cuomo representatives added that the competition could start immediately upon the approval of the voters & lawmakers for legalization of casino gaming that could take place in the beginning of next year.
A representative of Genting expressed that problems and suspicions about proper landscape, legal process, infrastructure and tax rate etc make things more difficult. However, despite all this, Genting intended to participate in the competition, he said. Other companies also approached governor’s office for more competitive process.


   2012-06-02






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