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ALBANY-Genting New York LLC on Monday made the $380-million upfront payment it had guaranteed to the state in its winning bid to develop a video lottery casino at Aqueduct Racetrack in Queens. The ceremonial presentation of an oversized check for $380 million at New York Lottery headquarters in Schenectady appeared to mark the end of the state’s decade-long effort to bring in a developer on the project.

“All along, I’ve said that securing this deal and moving ahead with the project at Aqueduct is critical for the future of New York,” Gov. David Paterson said at Monday’s ceremony. He added that the partnership between Malaysia-based Genting and the state provides “the opportunity to create jobs for the community” and to revitalize the Ozone Park neighborhood surrounding the racetrack.

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