- CapitalPlay Ltd is not included in the Ad Hoc Committee's report due to a missed deadline, but its CEO Karl O'Farrell told the NY Times: “There’s every indication now that our bid will be considered fully with the other bidders.”
- Both Empire and Excelsior issued the expected press releases following the report release. Excelsior called themselves the "clear winner." Empire, keeping in character, took the opportunity to take one last backhand swipe at the Committee, calling it "the last remaining committee of the Pataki administration," their way of letting us all know that the panel that selected their rival is a relic that is no longer relevant to the decision.
- The Committee had some recommendations of their own other than who should run the franchise. In addition to seemingly weightier issues such as the structure of OTB and the matter of a general regulatory review, it zeroed in on a more practical problem that Big A patrons are well familiar with. In a section titled Parking at Aqueduct, the Committee wrote:
"The State needs to examine the future parking needs of patrons at the Aqueduct Racetrack, post-video lottery gaming implementation. Reduction in parking availability through 1994 land sales to The Home Depot and the Port Authority...could prove problematic. Resolution of these parking concerns could be critical to the success of the video lottery gaming operation. It is critical to address the future parking needs of patrons before the vacant land is assigned use by its owners and development occurs."Amen to that.
- The presence of giant corporations on Empire's board seemed to cut both ways. In a discussion of complaints of "the historic privacy regarding the present operation of the State racing franchise," the Committee noted that "several members thought the structure of Empire, with several publicly-traded partners, might lend itself to better transparency." But in the category of Financial Viability, which went to Excelsior on the basis of their higher guarantees for capital improvements and programs, the Committee expressed concern that should there be "unallocated revenue" resulting from higher than projected earnings, Empire "could be tempted to make distributions to their partners."
- NYRA's date in court to apply for financing from GE Capital has been postponed again, this time to Feb 28. Matt Hegarty reports in the Form that the association has petitioned the court for permission to spend $50,000 on an appraisal of the land, which it says is a prerequisite for the loan.
NYRA said in the petition that the appraisal would seek to determine "the most probable price which the properties should bring in a competitive and open market under all conditions requisite to a fair sale."