Governor Paterson and Genting Break Ground On Resorts World New York

Governor David A. Paterson and Genting Chairman K.T. Lim today were joined by elected officials as well as representatives of New York's gaming and racing operations and South Queens residents at Aqueduct Race Track to officially break ground on the Resorts World New York casino -- a project that will put 2,100 New Yorkers to work, generate more than $300 million in annual revenue for the state and give New York City its first ever casino.

"With today's groundbreaking, New York continues its confident march out of recession and back to prosperity and job growth," said Governor Paterson. "The addition of the Resorts World New York Casino at the historic Aqueduct Race Track will create employment for thousands of New Yorkers, help revitalize the state's racing industry, and serve as a powerful generator of state revenue—money that will go toward education."

"This is one of the proudest days in the history of the Genting organization," said Genting Chairman K.T. Lim. "Working alongside our elected officials, union representatives and our neighbors in the South Queens community, we will deliver a world class tourism and entertainment facility that all New Yorkers can be proud of."

Just months after being awarded the contract, Genting has already started ramping up its hiring for the project's more than 1,300 construction jobs and will soon announce job fairs for the 800 permanent jobs that will be created at Resorts World New York. Genting won the rights to develop Resorts World New York with a bid that included a $380 million, one-time payment. The company predicts that the state will receive at least $300 million annually in revenue generated from the casino.

More: http://www.nyra.com/belmont/stories/Oct282010b.shtml

Category:

Sports

Tags:

• resorts
• world
• new
• york
• paterson
• genting
• nyra
• horse
• racing
• casino
• ground
• breaking
• aqueduct

[dickylobster]

Meanwhile, New York's OTB is going bankrupt.

[Eternalsky1982]

good then maybe I'll get put on. If i'm still around that is.

[BerndUR]

Fantastic ! A great day for New York , horse racing industry , and education .