Posted by One day after two high-profile investors pulled out of the project, there’s word the deal to bring thousands of video slots to Aqueduct racetrack could be scratched as early as today.
According to the Daily News, Aqueduct Entertainment Group – the group chosen to run the racino – has failed to clear all the state’s hurdles.
The News says last night, the state lottery division told Governor David Paterson’s Chief of Staff Larry Schwartz and Chief Counsel Peter Kiernan that AEG is unlicenseable.
Schwartz and Kiernan have final say after Paterson yesterday recused himself from any involvement in the project.
Queens minister Floyd Flake and rapper Jay-Z had minor stakes in AEG, but pulled out of the bid yesterday as the state demanded sensitive financial information.
