Wynn drops out of Aqueduct race

Sign Up for the undefined Newsletter

The fight to win the bid for the Aqueduct Racetrack in Ozone Park, Queens, just lost one contender. Las Vegas casino tycoon Steve Wynn has dropped out of the race, with no clear motive. With just two weeks to go before Governor David Paterson, Assembly Speaker Sheldon Silver and State Democratic conference leader John Sampson are expected to announce a winning developer for the project, Penn National Gaming and SL Green are now named as the two top contenders for the job, Crain’s reported. Only last week Paterson notified bidders that they would need to provide proof that they are able to pay $200 million to the state upfront. Although Wynn Resorts had endured a brutal third quarter, Wynn’s bid of $300 million had been the highest of all the project teams.

Recommended For You