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NY Lottery backs Genting’s $380m Aqueduct VLT bid

4th August 2010 10:06 am GMT

The New York Lottery has unanimously recommended that the state select Genting Malaysia Berhad's wholly-owned subsidiary, Genting New York, as the developer and operator of a video lottery facility at Aqueduct Racetrack, after Genting met and exceeded all of the requirements for selection including an upfront licensing fee of US$380m.

Last month the lottery confirmed that Genting remained as the sole bidder to develop and operate 4,500 video lottery terminals (VLTs) at [...]

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