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Senate OKs contract for Aqueduct 'slots'; company offering $380M up front

Senate OKs contract for Aqueduct 'slots'; company offering $380M up front

New York’s Senate has approved the only remaining bidder for a lucrative video slot machine contract

The state Senate has approved the only remaining bidder for a lucrative video slot machine contract at Aqueduct race track.

The Assembly is expected to weigh in soon.

Senate Democratic leader John Sampson accepted Malaysia-based Genting New York today.

A spokesman for the Assembly’s Democratic majority says Speaker Sheldon Silver is expected to make his decision shortly.

Gov. David Paterson appeared impatient today. He complained lawmakers are taking too long to give final approval even though Genting has been the sole remaining bidder for weeks.

Genting wants to build a “racino” with about 4,500 video slots at the Queens track. The company is offering an upfront fee of $380 million to the state, more than the $300 million minimum required.

Paterson says the cash-strapped state needs the revenue as soon as possible.

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