Quantcast
Home manage Las Vegas Review-Journal
  Jobs Cars Homes Shopping Travel Weddings Golf Best of Las Vegas Photo   Search:

RECENT EDITIONS
Sun Mon Tue Wed Thu Fri Sat

Breaking News


Wynn withdraws from Aqueduct bidding

Wynn Resorts Ltd. has pulled out of the bidding process to operate a potentially lucrative casino at the historic Aqueduct Racetrack in New York City.

The surprise move Wednesday left five bidders competing for the right to operate 4,500 slot machine-like video lottery terminals at Aqueduct.


Most Popular Stories
  • Three suspects arrested in shooting death of police officer
  • Three suspects arrested in shooting death of police officer
  • Station Casinos posts $455 million third-quarter loss
  • Two of three suspects in slaying of officer could face death penalty
  • Man sentenced to 15 years for federal tax crimes
  • Las Vegas police shoot at man fleeing after traffic stop
  • Las Vegas police shoot at man fleeing after traffic stop
  • Escalator accident at Caesars Palace still under investigation
  • Las Vegas man denied pardon in killing of abusive father
  • Man pleads guilty in death of girlfriend's child
  • Visitors authority urges officials to call off mock nuclear blast
  • Palms agrees to pay $100,000 to settle complaint




  • The prolonged process, which began earlier this year, is expected to be completed in the next few weeks. New York Gov. David Paterson and legislative leaders are expected to select the winning bidder.

    Five groups and partnerships, each with a casino operation component, are bidding for the Aqueduct license.

    Wynn was the only solo bidder and reportedly had the most expensive project. However, Wynn Resorts Chairman Steve Wynn publicly said the casino wouldn’t open until 2011.

    New York leaders have said they want the casino to open by next year. Last week, Paterson sent a letter to the bidders asking each to provide proof it can pay the state $200 million upfront within 30 days of being selected.

    In a statement released by a New York public relations firm, Wynn Resorts said it was confident the state would “find a qualified operator to meet its needs at Aqueduct.”

    The potential to operate a gambling facility in Queens, less than 15 miles from Manhattan, attracted some of the gaming industry’s elite companies, including MGM Mirage, Harrah’s Entertainment, Hard Rock Entertainment, Penn National Gaming and Larry Woolf’s Navegante Group.

    Because of its proximity to New York City, bidders said they weren’t going to build a traditional racino.

    “This is not going to be a box with slot machines. This is going to be a destination resort,” Woolf said in May.

    His company is part of the Aqueduct Entertainment Group bid, which also includes an ex-U.S. congressman turned minister whose congregation includes Queens.

    Earlier this week, Penn National said it reached a community relations agreement with hip-hop mogul Russell Simmons’ Rush Communications of New York City and the framework of a labor agreement with the New York Hotel & Motel Trades Council, AFL-CIO.Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871.

    Newsvine Digg Fark Technorati reddit StumbleUpon del.icio.us Slashdot Propeller Mixx Furl Twitter MySpace Facebook Google Bookmarks Yahoo! Bookmarks Windows Live Favorites Ask MyStuff myAOL Favorites

    Leave Your Comment 1 Reader Comments
    Terms & Conditions
    The following comments are provided by readers and are the sole responsiblity of the authors. The reviewjournal.com does not review comments before publication nor guarantee their accuracy. By publishing a comment here you agree to abide by the comment policy. If you see a comment that violates the policy, please notify the web editor.

    Some comments may not display immediately due to an automatic filter. These comments will be reviewed within 48 hours. Please do not submit a comment more than once.
    Current Word Count:

    Note: Comments made by reporters and editors of the Las Vegas Review-Journal are presented with a yellow background.

    casinocon wrote on November 04, 2009 07:01 PM: Well, since Wynn stopped sending me my weekly free play, I haven't set foot in his casino. Even when I was there in the past, Encore was like a ghost town, so I'm guessing his "If I build it, they will come" attitude has been dampened by his bottom line. Here's the deal Steve -- you build it, you comp me, I will come. Simple as that. You could have had me, buddy, but apparently you didn't think 'lil ole me was worth the trouble, so I played elsewhere. Sorry, dude, for all your experience in gaming, your greed and arrogance has killed your business.