Tuesday, December 21, 2010

Genting- NYRA's Losing Bet


UPDATE (T-U) FEB. 26, 2013
* Saratoga want Tracks to have Full-Casino priority,
* City locals push for GUARANTEED income.
  
http://www.saratogacospotlight.com/news/2013/feb/26/group-wants-racing-considered-casino-talks/ 
* * *
UPDATE (T-U) JAN. 19, 2012
* Cuomo praises Convention Center plans,
* Cuomo professes love for GENTING pros.

http://www.nytimes.com/2012/01/20/nyregion/cuomo-portrays-queens-convention-center-plan-as-risk-free.html?_r=2&ref=nyregion
* * *
UPDATE (T-U) SEPT. 5, 2011
* NYS Legislator moves forward
to allow non-Native Casino gambling,
* Catskill Casino is back in play.

http://www.timesunion.com/local/article/Scoring-casino-game-2155748.php
* * *


We've been stampeded by PR and NYRA "news"...
ALL telling us that GENTING MALAYSIA has "SAVED NYRA" with their winning bid to operate a "VLT RACINO" at Aqueduct Race Track in New York City.

UNFORTUNATELY for us Spa Locals... and our horsemen expecting
$11 million
in 2011... and fans of the Race Course expecting improvements worth $77 million over five years...but ALL LOCAL revenue will be a PERCENTAGE of Genting's projected GROSS revenue. And Genting is expecting $650 MILLION in gross annual gaming revenue.

THE PROBLEMS appear everywhere in the GENTING PROPOSAL...
in THEIR words.

GENTING's belief is that Albany will re-write the gaming laws, allowing GENTING to open a full-service tables-and-craps CASINO with no Tribal ownership. Their belief is that the horsetrack can be paved over. The crime is that New York's officials never informed GENTING of the TRUE realities of The Empire State.

They've started their campaign for a FULL-ON CASINO, as reported by James Odato of the Times-Union... but GENTING's dreams fall a few chips short of NYS reality. (story)

When realitiy hits, GENTING will need SOMETHING to serve as their MAIN ATTRACTION. And so it has come to pass that talk of a CONVENTION CENTER is going around. GENTING has deep pockets, so deep that "The Big A" will be a horseless buggy, all CONVENTION and in the end, all CASINO. But there is ZERO CHANCE for a return on their investment as a chintzy little RACINO.

But we hear only NYRA's numbing MUZAK for our HAPPY TRACK.

YOU have every right to see
the GENTING PROPOSAL,
the smiley-faced NYS VLT AWARD,
and the remarkable insights
of the outside EXPERTS.

Here's the full story... a 12-page Report with the original documents...
along with 45 pages of Appendices, directly from GENTING...

...the PINK SHEET to make your
WAGER of a LIFETIME--


*$*
NYRA- The Big Gamble on GENTING[ Click on page to enlarge, double click for huge, then "BACK" ]




Foreword

To view links: i ii



Introxxxxxxxxxxx Page 1xxxxxxxxxx Page 2
AAAAAAAAAAAAAAA Links: 1 2 3 AAAAAAAAAAAALinks: 4



Page 3xxxxxxxxxxx Page 4xxxxxxxxxx Page 5

Links: 5 6
AAAAAAAAZZAA Links: 7 8 Links: 4 pp


Page 6xxxxxxxxxxx JFK mapxxxxxxxxxx Page 7

LLLLLLLLLLMMLinks: 4 9AAAAAAAAMMMMMMMMMMMMMMMMMZZAA Links : 4 7AAAAAA A A AALinks:

PPPPPage 8xxXXxxxxConclusionsxxXXXxx About the Author



Epilogue
Link: Award ReportAPPENDICES A-G
Click on page to enlarge, then "BACK"



APPENDIX A
The Genting Brand, a Global Force


1............................ 2.............................. 3
.............4......................>>.. 5.................. ..5a- VLT Design


APPENDIX B
Marketing Plan, not 100% complete



1............................ 1a...............................2


4.................... 4a- Design..................... 5


5................... "Jump: to 10.................. 11


12.......................... 13............................14


15......................... 16............................ 17

.......18...................... Trends....................Quotations



APPENDIX C
Track Improvements, a 5-year plan


1............................ 2.............................. 3


APPENDIX D
Map of NYC, JFK & VLTs



APPENDIX ECasino... or Racino?



1............................ 2.............................. 3

APPENDIX F
Regional Competition



1............................ 2.............................. 3

4............................ 5.............................. 6


APPENDIX G
Aqueduct Today, the Real Thing


1............................ 2.............................. 3

COPY & PASTE LINK TO VIDEO- http://video.nytimes.com/video/2010/04/23/nyregion/1247467687706/the-latest-line-on-a-desolate-racetrack.html?ref=nyregion


Remember- "Bet WITH your head, not OVER it."