State Senator Hugh T. Farley (R, C, I - Schenectady) and other members of the Senate Committee on Racing & Wagering hold a hearing on the future of racing, gaming and wagering industries in New York State on Feb. 7th.
Queens, NY, February 7, 2010 -- The Senate Committee on Racing, Gaming & Wagering held a hearing in Albany on the future of horse racing and gaming in New York State. Chaired by Senator John J. Bonacic (R-Middletown), the Senate panel included Senator Joseph P. Addabbo, Jr. (D-Queens), a member of the committee.
State Senator John J. Bonacic, Chairman of the Senate Racing Committee, Wagering & Gaming today described his goals for Monday’s Committee hearing on the future of racing, wagering and gaming in New York.
“I am looking forward to hearing what those who are most hands-on with the racing industry have to say about the sport’s future in New York,” Senator Bonacic said.
Senate Standing Committee on Racing, Gaming and WageringChair: Senator John BonacicPublic Hearing: To hear from interested parties on their views of the future of racing, wagering and gaming in New York StatePlace: Hearing Room A, Legislative Office Building, 2nd Floor, Albany, New YorkTime: 10:30 A.M.Contact: Adam Richardson (518) 455-2406ORAL TESTIMONY BY INVITATION ONLY
I am calling the Senate back into session on Tuesday, December 7th to vote on the proposed reorganization of the New York City Off Track Betting Corporation. I have spoken to our colleagues across the aisle to urge bipartisan cooperation and action on this and other outstanding issues before the state, such as appropriating federal funding to keep our educators working. New York faces extraordinarily difficult times and tough choices, but the decision to meet our obligation and work together should be unanimous. In the past, when Democrats and Republicans have worked together, the results worked for New Yorkers. This week, we must once again push aside partisan divides and unite behind our shared responsibility to put the best interests of the people first.
Today, led by Senate Majority Conference Leader John L. Sampson, Senate Racing and Wagering Chair, Eric Adams, and Senator Joseph Addabbo, Jr., the Senate Majority Conference announced its acceptance of the Division of the Lottery’s selection of Genting New York to operate the Video Lottery Terminals (VLTs) at Aqueduct Racetrack. “Nothing is more important than creating jobs. The acceptance of Genting puts New York on the fast track to rebuild our local and state economy through sound economic development and immediate and long-term job creation,” said Senate Majority Conference Leader John L. Sampson.
The Senate Majority Conference will host the state Division of Lottery (DOL) today for a presentation viewable to the public regarding the proposal by Genting, an international firm recommended by DOL, to develop and operate Aqueduct racino. Genting has pledged $380 million to the state for Aqueduct rights. The firm has also submitted a robust job creation plan – a priority of the Democratic Majority – including a focus on partnering with minority and women owned businesses. This is the first time a proposal like this has been open for public viewing, and can be seen today at 1PM online at http://www.livestream.com/nysenate
NYS Senator Eric Adams, Racing, Wagering and Gaming Committee Chair, champions transparency in government by hosting a premier video conference and simultaneous internet livestream.
On Monday, August 9th, Senator Adams harnessed technology to provide a video conference and internet livestream of Genting New York's development proposal for Aqueduct Racetrack.
Genting New York was recommended to Governor Paterson by the New York Lottery as the corporation to develop the Aqueduct project. Genting will present its proposal to Senator Adams and racing stakeholders.
Queens, NY, August 3, 2010 – NYS Senator Joseph P. Addabbo, Jr., a member of the Senate's Racing, Gaming & Wagering Committee, today issued the following statement on the winning Aqueduct bidder: “Today’s selection by the New York Lottery of Genting New York LLC, means that finally, after almost a decade-long process, the future of Aqueduct Racetrack and the surrounding communities looks bright.” According to sources at New York Lottery, Genting was chosen for their professionalism and for their understanding of the needs of the community.
Queens, NY, July 7, 2010 – “After evaluating the recent decision by the New York Lottery regarding the future of Aqueduct Racetrack, I intend to continue my position of making every effort to work cooperatively with whomever is selected to operate at Aqueduct for the sake of my constituents.
NYS Senator Eric Adams Helps Obtain Loan to Prevent Shut-Down of New York Racetracks
New York State Senator Eric Adams has worked with other legislators to make available a $25 million loan to the New York Racing Association (NYRA), the entity that supervises horseracing in our State. The line of credit will enable NYRA to keep its tracks open for the remainder of 2010.