$380 Million to New York From Genting Malaysia

New York payday finally hits a jackpot from the approved slot machine area at Aqueduct Racetrack. This week New York received an astonishing 380 Million payment from Genting Malaysia to fund the operation. One of the surprises was the fact they paid an additional 80 million dollars then the minimum amount required.



Genting has been expanding as of late and investing in the united states market. This is an impressive position for Genting and should be considered a very strong move into one of the largest areas of the country.

The state of New York is expected to make more then 250 million in tax revenue each year from this Aqueduct casino. It is expected that more than 2,000 slot machines will be installed and be ready to be played in the next few months.

I'm exited for this addition what a strong and solid act from Genting to get this ball rolling. I expect this to be a fun and adventurous position for everyone involved. The lottery commission was the responsible party on getting this going. Not to much credit should be given to the lottery commission however as they struck out on the previous two winning contractors.