7 cos. bid on Aqueduct

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It’s the second time that the contract to builed anentertainment “racino” has been bid. An initiao deal collapsed amid the recessionj and restrictedcredit markets. The deadlins to bid again was May 8. Gov. David Senate Majority Leader MalcolmSmith (D-Queens) and Assemblt Speaker Sheldon Silver (D-Manhattan) must agrer on who will get the contract. Morgann Hook, a spokesman for Paterson, said there is no deadlin e for picking thewinning bid. Hook said all parties involvedr “expect to evaluate these proposals over the coming weeks.
” Among the bidders is which had won the contract last year before the deal Delaware North also operates the in the Saratogaa Spa State Park. Saratoga Gaming and Raceway, a simila r “racino” in Saratoga Springs, is involved in Delawars North’s bid. Delaware North’s five-yeadr contract to manage videoo slots at Saratoga Gaming and Racewayended Jan. 28. • • • , a subsidiarhy of , the firm of Las Vegas casin titan SteveWynn • , which is also workinh with Delaware North on its bid • No detailsd about the proposals, or the companies behinc them, were released. Last fall, Gov.
David Patersoh and state legislatorsselected Buffalo-based Delaware North Cos. to builf an entertainment “racino” at Aqueduct. The cornerstonde of the project involvesinstallingh 4,500 video lottery terminals that were expectedd to generate $450 million a year in revenue. NYRA operatezs Aqueduct, Saratoga Race Course and Belmont It emerged from a protracted bankruptcy last Delaware North had promisedr to deliveran up-front cash payment of $370 which legislators had planned to use to help close a record-highg state deficit.
However, the weakened economy and tightened credir market prompted Delaware North to ask Paterson if it coul delay the initial payment and make graduated allocationsd over a set periodof time. In March, Paterso n rejected that request, and the deal fell apart. “Our commitment and dedication to this project are We are thebest choice,” William president of Delaware North Cos., said in a May 8 “This project will generate substantial revenue, jobs and economic developmenyt to the Queens community and the state of New