A licensed gambling operator | Genting NY LLC |
A gambling licensor | State of New York |
Start Date | 2010-00-00 |
Amount | 380,000,000 USD |
Goods | Genting offered a $380 million upfront payment to the state for the right to operate a racino at Aqueduct Racetrack in Queens. |
Notes | Once operating, the racino is expected to generate more than $500 million a year in state revenue that will be used to help fund education and save the state's racing industry. Gov. Paterson, Assembly Speaker Sheldon Silver, and Senate Democratic Conference Leader John Sampson had to give a final sign off. |