The Real Deal New York

Aqueduct convention center plan breaks down, Las Vegas casinos compete to replace Genting

The ambitious plans Governor Andrew Cuomo laid out just five months ago for a massive convention center and possible casino near the Aqueduct race track has already fallen through, the Associated Press reported. Cuomo said talks with Malaysian developer Genting to build the controversial $4 billion center in Queens broke down. The firm had initially signed a non-binding letter of intent to develop the site.

Cuomo has altered his development vision, but still plans on a casino, which he predicted would be permitted when New Yorkers vote to legalize them in the near future.

While Genting isn’t out of the running altogether — it said it would still work to land the project — it will be joined by several major Las Vegas casino companies in a competition to spearhead the development.

The New York Post reported that Sands Las Vegas, Caesars Entertainment and MGM Resorts have all told the state they want to bid on a potential project. The report also said Genting backed out of its non-binding agreement when New York refused to give it the exclusive gaming license in the New York City area. [AP via Crain’s] and [Post]

  • stanleyturkel

    When the ongoing $463 million renovation to the Javits Center is completed, Javits will be ready for a new expansion project which can be implemented at no cost! Just sell the air rights over the Center to the developer of a new (and badly needed) Convention center hotel.