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 FOR RELEASE:

Immediately
September 7, 2010

 

State Comptroller Thomas P. DiNapoli
Statement on VLT Contract


Contrary to news coverage, my office is not holding up approval on the VLT contract.

Even though my office has not yet received the executed contract with the appropriate approvals and signatures, we have been actively reviewing the VLT procurement, including the draft contract, since the Division of the Lottery awarded it three weeks ago.  During that time, we have been in contact with Lottery to address a number of questions and concerns.  Late last week, we received a new, revised, unsigned draft of the contract from Lottery.  

The VLT contract involves hundreds of millions of dollars.  It’s a 30-year license that carries the future of New York’s racing industry on its back. Both the Attorney General’s office and my office are conducting a thorough review of this document.  

After nearly a decade of false starts and broken promises, including three years under the current administration, it’s understandable, if reports are correct, that someone on the Governor’s staff is frustrated and anxious.  But given the checkered history of this deal, I must take every step to ensure the taxpayers are safeguarded in this contract.  It’s New Yorkers’ money; it’s my job to protect it.

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