Results tagged “slotmachines”

The state once again announced that it is making a concerted effort in trying to lure in companies that will set up video slot machines (or VLTs) at the Aqueduct Racetracks, offering $250 million in tax-free bonds to help pay for the project. The application process was reopened after the company Delaware North had to default on the original $370 million it was granted. Governor Paterson said, "We remain absolutely committed to bringing a VLT facility to Aqueduct, which will provide much needed economic development to the race track, and critical funding for education in New York. It is extremely disappointing that the economic crisis has slowed this development, but we are confident that Aqueduct will be transformed into a destination spot for racing and gaming fans." The state sees millions of revenue each week from gaming taking place at Yonkers Raceway's Empire City.