Malaysia-based operator Genting has been given the go-ahead to operate video lottery terminals at a racetrack in New York, US.
State Comptroller Thomas DiNapoli announced on Monday that he has approved the contract with Genting New York for a VLT facility at Aqueduct Racetrack in the New York City borough of Queens.
"After nearly a decade of false starts and broken promises, the VLT contract is done," DiNapoli said. "This is one of the most important vendor contracts New York has ever signed.
"The VLT contract involves hundreds of millions of dollars. It’s a 30-year licence that carries the future of New York’s racing industry on its back. My office did this right and we did it expeditiously without sacrificing thoroughness. We took every step to ensure the taxpayers are safeguarded in this contract. It’s New Yorkers’ money; it’s my job to protect it."
The new facility is expected to have more than 4,000 video slots and a number of other entertainment attractions.
KT Lim, chairman of Genting Malaysia, said: "We are eager to immediately begin investing, creating jobs, sparking economic activity and bringing New York a one-of-a-kind iconic, entertainment destination."
