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  • Philanthropist sire of Rob the Cradle 1st Alw (May 23, 2nd WO). Owner, Andrews, Denny and Paradox Farms Inc.; Breeder, Gardiner Farms Limited...
  • Jazil sire of Love Me Good 1st Mdn (May 23, 2nd PID). Owner, Sheltowee Farm and Blazing Meadow Farm; Breeder, Sheltowee Farm...
  • Canadian Frontier sire of Golden Frontier 1st Alw (May 24, 3rd CD). Owner, George Fister; Breeder, Brereton C. Jones...
  • City Weekend sire of City Sweets 1st Mdn (May 23, 3rd IND). Owner, Mast Thoroughbreds LLC; Breeder, Robert Gorham & Mast Thoroughbreds LLC...
  • Wando sire of Deb's Girly Girl 1st Alw (May 24, 6th RD). Owner, Deborah F. Metz; Breeder, Deborah F. Metz...
  • Arch sire of Wiki 1st Alw (May 24, 2nd PID). Owner, Midwest Thoroughbreds, Inc.; Breeder, Stuart S. Janney, III LLC....
  • Holy Bull sire of Catalan 1st Alw (May 24, 8th BEL). Owner, Elizabeth Loftus; Breeder, B. P. Walden & Dr. S. Marcum...
  • Mancini sire of Ride Around Sally 1st Alw (May 23, 6th IND). Owner, Joe Uliano; Breeder, Spade Stable...
  • Tribal Rule sire of Italian Rules 1st Alw (May 24, 7th BHP). Owner, Barber, Gary and Cecil; Breeder, Nick Cafarchia...
  • Posse sire of Parody 1st Alw (May 23, 4th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Don Mattox & Pam Mattox...
  • Petionville sire of Wups 1st Thoroughbred Maiden Derby (May 23, 9th BOI). Owner, Paul Treasure; Breeder, Michael Iavarone...
  • Medaglia d'Oro sire of Dealer 1st Alw (May 23, 8th CT). Owner, Coleswood Farm, Inc.; Breeder, Family Broodmare, LLC...
  • Proud Citizen sire of Citizen Kat 1st Alw (May 23, 7th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Mark Reid & Charles Zacney...
  • Strut the Stage sire of Head Honcho 1st Alw (May 23, 7th WO). Owner, Annecchini and D'Alimonte Holdings Inc. and Kingfield Farm; Breeder, William D. Graham...
  • Smoke Glacken sire of Walker Bay 1st Alw (May 24, 8th CD). Owner, Hammersmith, Dennis L. and Paden Racing, Inc.; Breeder, Brian O'Rourke & Derry Meeting Farm...
  • Hard Spun sire of Gleaning 1st Mdn (May 23, 4th PID). Owner, Robert T. Manfuso; Breeder, Nursery Place & Robert T. Manfuso...
  • Luftikus sire of Joyful Kiss 1st Alw (May 23, 7th CT). Owner, Winfred L. Hess, Jr.; Breeder, Ann M. Casey...
  • Flower Alley sire of Bouquet Booth 1st Alw (May 24, 7th CD). Owner, Right Time Racing LLC; Breeder, Brookdale & Dr. Ted Folkerth...
  • Hard Spun sire of Ribbon Taffy 1st Mdn (May 23, 5th IND). Owner, Pucek, John Paul and Marcinek, Paige; Breeder, Matthew R. Herbener...
  • Benchmark sire of Planet Sunshine 1st Alw (May 24, 5th GG). Owner, Thomas A. Shapiro; Breeder, Thomas Shapiro...
  • First Samurai sire of Nakano 1st Alw (May 24, 8th CRC). Owner, Thoroughbred Futures Racing; Breeder, Hubert Vester...
  • Latent Heat sire of Heated Troubles 1st Mdn (May 24, 5th RD). Owner, Ashleigh Stud; Breeder, Ashleigh Stud, Frank Ramos & JackieRamos...
  • Chapel Royal sire of Mr Rodriguez 1st Mdn (May 24, 2nd BEL). Owner, Imperio, Michael and Loftus, Elizabeth; Breeder, Jill Imperio & Daniella Corian...
  • Indian Charlie sire of Nechez Dawn 1st Alw (May 23, 7th AP). Owner, Tresner, Coby and Matsas, Alex; Breeder, B. P. Walden Jr., Hargus Sexton & SandraSexton...

NEWS

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Aqueduct racino among topics at N.Y. summit

Posted: Wednesday, June 24, 2009 9:30 AM

by Paul Post

An investment banker that has financed several Canadian casinos believes Penn National Gaming will receive the contract to run Aqueduct’s proposed racino with 4,500 video lottery terminals.

Six groups have submitted bids, including financial offers, to the state of New York and a seventh, Mohegan Sun, says it would operate the facility if the state builds it.

Governor David Paterson has said he would like to name an operator by August 1.

"They’ve [Penn National] got the experience. They have four racinos already. They also have the balance sheet," said Joel Simkins, Macquarie Capital senior vice president for gaming and leisure.

"They have $700-million in cash and $2-billion worth of credit, so they have the ability, if they get the lease, to build it."

Simkins was one of the many panelists and speakers during the New York Gaming Summit on Tuesday in Saratoga Springs. More than 200 industry representatives turned out for the event.

In October, the state named Buffalo-based Delaware North Companies to build Aqueduct’s racino. But the company, which offered the state $370-million, could not come up with needed financing following the nation’s economic downturn. That proved to be a recurring theme at the summit as gaming officials referenced numerous casino projects that have been slowed or suspended by lack of funding.

Penn National currently has casinos at three Thoroughbred tracks—Penn National Race Course near Harrisburg, Pennsylvania; Charles Town, West Virginia, a short distance from Washington, D.C.; and Zia Park in New Mexico. Its Bangor, Maine, harness track also has slots.

Other groups seeking the Aqueduct contract are The Peebles Corp./MGM, Las Vegas casino mogul Steve Wynn, SL Green Realty Corp./Hard Rock Entertainment, and a multi-party entity called Aqueduct Entertainment Group.

New York State Racing and Wagering Board Chairman John Sabini said the high number of bidders—four more than last year—indicates strong interest in New York’s gaming potential, despite the state’s political gridlock. The Aqueduct decision requires three-party approval by Paterson, Assembly Speaker Sheldon Silver (D-Manhattan), and the Senate’s temporary president.

The Senate, however, has been paralyzed for more than two weeks following a June 8 coup that saw Republicans try to wrest control of the upper house. Paterson has ordered the Senate to hold a special session on Wednesday with hopes of ironing out party differences.

Paul Post is a New York-based THOROUGHBRED TIMES correspondent

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