Thanks a million to this reader for calling to our attention an interview on CNBC with Aqueduct bidder R. Donohue Peebles, who is apparently a regular known affectionately as 'Don' on the network's Squawk Box program. And here it is (excuse the commercial, and please scroll down) [and thanks for reader theiman for sending the link]:
If host Carl Quintanilla, who twice referred to the racetrack as Ah-queduct (as opposed to the Head Chef's Ah-qweeduct) was more knowledgeable of the subject, perhaps he would have asked Peebles about the fact that he's listed by Delaware North as a partner in its bid too. Then again, he probably wouldn't have anyway. Seemed an obvious case of the network giving a regular guest a chance to hype his bid before a national audience, 99% of whom couldn't care less about Ahqueduct.
Peebles might have given up some new information when he spilled some details about his project, which he described as "world class....something you would see in Atlantic City or Las Vegas." He spoke about a 5,000 seat venue for live entertainment and a 350 room, 4-star hotel; the type of amenities by the way that were lacking from Delaware North's original front-loaded bid. He also confirmed, as reported the other day, the involvement of MGM Mirage in his bid.
Peebles' other partner was reported by Tom Precious to be Harbinger Capital Partners, a Manhattan-based investment firm. On its sparse website (here indeed is a "shadowy" outfit), the company identifies one of its specialties as the Distressed/Bankruptcy arena.
investments in companies that are already in default, in bankruptcy, or in some other stage of financial failure or distressAnd that seems rather appropriate, don't it?