Genting pushes for table games at Aqueduct
February 16, 2011
Genting New York, operators of a VLT parlor slated to open this summer at New York City’s Aqueduct Racetrack, pressed for the right to offer table gaming while testifying before a state senate committee. Genting New York President Michael Speller told the Senate Standing Committee on Racing, Wagering and Gaming that full-fledged casinos at New York racetracks could create upwards of 10,000 new jobs and generate millions of dollars in increased revenue for the state.
The proposal garnered support from the state’s horseracing interests. “The racing industry gets 16 percent of the racino industry’s net earnings,” Charles Hayward, president of the New York Racing Association, told The Saratogian newspaper. “We can take a little bit of pain in terms of reduced handle, but I think it would be… a net positive for the racks.”
The earliest table game enabling legislation could be passed in 2013.
Genting’s Resorts World New York will house 4,500 video lottery terminals and will be the ninth racino to open in the state. The industry is expected to generate $1 billion in yearly revenues.
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