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September 13, 2010

 

 

DiNapoli Approves VLT Contract



State Comptroller Thomas P. DiNapoli today announced he has approved the contract with Genting New York, LLC for a video lottery facility at Aqueduct Race track.

“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 license 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 contract will be returned to the State Lottery Division with the Comptroller’s approval today.  The approved contract is in effect immediately.

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