Skip navigation
Site powered by
Latest news:
msnbc.com: Top msnbc.com headlines: Powell social worker's frantic 911 calls released

Casino at Belmont is on the table again

The possibility of opening a casino at Belmont Park is back in play politically just days after senate Republicans agreed to the selection of a company to operate a casino at Aqueduct racetrack in Queens.

Sen. Dean Skelos, the majority leader of the New York Senate, called for the installation of slot machines at Belmont Park on Monday in a statement he released through his office. The statement called for Gov. David Paterson, the legislature, and the New York Racing Association - the franchised operator of Aqueduct, Belmont, and Saratoga - to develop a plan by Jan. 1 to incorporate slot machines at Belmont.

"I have met with a number of individuals with unique and exciting economic development proposals for Belmont Park," Skelos said in the statement. "In these challenging economic times, it is even more important to sell the development rights to Belmont Park and seize this valuable opportunity for state and local taxpayers and community residents."

Last week, Skelos and other Republican legislators - who face losing the majority in the senate in elections this year for the first time in four decades - agreed with the selection of Delaware North Companies as the operator of the Aqueduct casino after initially balking at the recommendation. Delaware North, which promised the state a $370 million upfront payment, had already been endorsed over two other companies by Paterson and the assembly's Democratic-led leadership.

All three companies had employed scores of lobbyists to pitch their development proposals for Aqueduct. The two companies that lost out in the bidding - a partnership of SL Green Realty and Hard Rock Entertainment, and a partnership of Capital Play Pty and Mohegan Sun - have consistently stated that they supported the installation of slot machines at Belmont Park.

Paterson said in a statement that he supported redeveloping Belmont Park, but the statement did not specifically mention a casino. In the statement, Paterson said that he had asked Marisa Lago, the president of the Empire State Development Corporation, and John Sabini, the chairman of the New York State Racing and Wagering Board, to work with legislators to develop a plan for the track by Jan. 1.

Assembly Democrats, including speaker Sheldon Silver, have consistently opposed a casino at Belmont.

The Aqueduct casino, which is not expected to open until early in 2010, will likely become one of the highest-grossing casinos on the East Coast, given its location. Most budget analysts have estimated that the 4,500 slot machines at the casino will generate $500 million in revenue annually. A Belmont casino would be expected to generate comparable revenues.

As part of a deal with NYRA to extend the association's franchise 25 years, the state has taken title to the racetracks and the property. NYRA and its horsemen will receive approximately 15 percent of the net revenues from the Aqueduct casino.

Charles Hayward, the president of NYRA, said on Tuesday that the association would have no comment on the likelihood of development of Belmont.

"Right now we are focusing on the installation of [slot machines] at Aqueduct," Hayward said.

© 2011 Daily Racing Form

advertisement
More news
Image: 2011 Breeders' Cup World Championships
Getty Images
No defense for Havre de Grace?

The Horse of the Year, who captured the Grade 1 Apple Blossom Handicap early in her championship campaign, is unlikely to attempt a title defense at Oaklawn Park April 13, owner Rick Porter said on his Fox Hill Farm website.

Image: 2011 Breeders' Cup World Championships - Day 2
Getty Images
Breeders' Cup returns to NBC

It's first time that Classic will be broadcast in primetime on Nov. 3.

  DAILY RACING FORM
INTERACTIVE
AFFIRMED ALYDAR CAUTHEN VALASQUEZ
Timeline: The Kentucky Derby
The defining moments in more than a century of the Run for the Roses.
Slideshow
Image: Allison Baver
  Derby celebs
Plenty of stars from the entertainment and sports world attend the 136th Kentucky Derby.

more photos

INTERACTIVE
SECRETARIAT TURCOTTE
Triple Crown winners
The horses that have won the Kentucky Derby, Preakness and Belmont in the same year.
Slideshow
Image: Snee, 8, son of New York Giants player Chris Snee and head coach Coughlin's grandson plays in the confetti after the New York Giants defeated the New England Patriots in the NFL Super Bowl XLVI football game in Indianapolis
  The Week in Sports Pictures
The Giants on top of the football world, getting ready for the London Olympics and more.

more photos