X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-It looks like a one-horse race for the contract to develop a video lottery casino at Aqueduct Racetrack in Queens, with the New York Lottery saying late Tuesday afternoon that it had disqualified two of the three bids submitted on June 29. The disqualification of bids submitted by Penn National Gaming and a consortium of SL Green Realty Corp., Hard Rock International and Clairvest Group—both on grounds that the bidders attempted to negotiate for more favorable terms than those allowed by the RFP—narrows the field to the US-based arm of Malaysian gaming company Genting.

If Genting’s proposal is not approved, the contract to develop a 328,000-square-foot video lottery terminal facility at Aqueduct will be bid out for the sixth time in three years. Should that occur, however, neither SL Green nor Penn National would be eligible for reconsideration, the lottery says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.