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Thursday, September 24, 2009

Gov, Big A Not Signed Up

“I did not sign up for this,” Governor Paterson said in an appearance in Syracuse on Wednesday.

“I wanted to be lieutenant governor. I had this grand plan that Hillary Clinton was going to become president. Maybe the governor would appoint me to the Senate.” [NY Times]
I don't agree with readers such as el angelo who contend that the governor is a moron. But he sure does say some moronic things. I think he's a decent man who's done an altogether decent job, and I find it sad to see him unravel in this way.

Nor did the governor sign up for selecting the Big A racino operator, and as he dithers, Pennsylvania seems to be moving full speed ahead towards table games; and with a familiar refrain.
Expanding casino gambling to include the table games is a major part of the $27.9 billion state budget agreement being finalized by state lawmakers. It's a key part of plugging a $3 billion revenue shortfall.
....
Three of the four legislative caucuses, plus Gov. Ed Rendell, favor legalizing table games. [Pennlive.com]
Table games would be permitted at all 12 slots parlors (nine of which are already in operation), and create some 10,000 jobs. But unlike the video slots, there's no provision for a cut from table games for the racing industry. And, with proposed tax rates ranging from 12% to 21%, the games are a better bet for operators than the slots, at 34%. So the industry is understandably concerned.
On Tuesday, the Pennsylvania Equine Coalition highlighted a decision by the Sands Casino Resort Bethlehem, in anticipation of table games, to scrap plans to install 2,000 additional slot machines.
.....
"This case highlights how differing tax structures are driving casino operators to favor table games over slots machines," said Michael P. Ballezzi, executive director of the Pennsylvania Thoroughbred Horsemen's Association, which represents horsemen at Philadelphia Park. [Penn Live]
And it also highlights how behind the curve we are at Aqueduct, as the gambling options continue to proliferate around it. The Big A, along with Yonkers and the already struggling Monticello, are the most likely sites to take a hit from an expanded gaming option within an easy drive....though you can be sure that table games will be on the agenda in Albany before too long. And I imagine we'll be hearing again about this.

- Got a press release today from The Marino Organization on behalf of the R. Donohue Peebles team with MGM Grand announcing an endorsement from NYS NAACP president Hazel Dukes, a former president of NYCOTB (which really qualifies her as an expert on the subject, especially considering her stellar record).

Then, I get another email, this one from someone in Macau who writes that a "very brave media outlet" is reporting that Macau casino magnate, and reputed organized crime figure, Stanley Ho is dead. As you may recall, MGM Grand has come under fire for its partnership in a Macau casino with Ho's daughter Pansy Ho. The writer went on to opine that a flurry of lawsuits from family members will result, and that "We'll then see, no doubt, the direct written agreements, Ho's have [sic] with, Hard Rock, Wynn and MGM." Hard Rock and Steve Wynn also have properties in Macau. Have no idea as to the veracity of this, but what the hell, it's interesting enough to meet the low journalistic standards of this site.

Besides, as I've said before, I think that Peebles' bid has as much of a shot as this:

7 Comments:

Anonymous said...

Stanley Ho's death will surely lead to family chaos and repositioning in Macau. Steve Wynn sold a license to Melco for some cash and shares, to a partnership between James Packer and Ho's son Lawrence. They recently opened "City of Dreams" a megacasino featuring a Hard Rock Hotel and theme. Stanley Ho's daughter, is indeed in business with MGM in New Jersey and she has been deemed "unsuitable for licensure" in New Jersey due to her father's alleged contact to Chinese organized crime, so she and MGM have a decision to make regarding divestiture.

(3) of the Aqueduct bidders are tied up in the rather seedy world of Macau gaming, playing the gambling game amongst ages old corruption. I hope for the sake of New York Governor David Paterson, even though distracted by Andrew Cuomo and President Obama, is paying close enough attention to the reputation and existing modus operandi's of these bidders.

Anonymous said...

The problem with the gov is he is simply not a politician by nature, and those types are nothing but bait in the shark infested waters of Albany.

He has done as good a job as anyone could have under the ridiculous circumstances and I would personally vote for him again over most of his reputed competition.

El Angelo said...

Alan, as I've said previously, I respectfully disagree with you. I don't think Paterson is a bad guy, but he's in waaaay over his head. This new "I did not sign up for this comment" is just another example. He was elected Lt. Governor where his primary charge is to be governor should anything happen to the elected governor. The fact he can't quite wrap his head around this is troubling.

Anonymous said...

Cuomo and Paterson still have many months to spend together as Governor and AG. Isn't Mario Cuomo's former Chief of Staff Michael DelGiudice one of Andrew Cuomo's key election and fund raising sources? DelGiudice is one of the top NYRA trustees who got a lot of the credit for NYRA getting the racing franchise award under then Governor Spitzer. I wonder if the Paterson-Cuomo conflict will cause the Governor to reconsider promting the NYRA as the prohibitive favorite to take over NYCOTB?

Politics in NY clearly shapes racing and gaming determinations.

Anonymous said...

"The writer went on to opine that a flurry of lawsuits from family members will result, and that "We'll then see, no doubt, the direct written agreements, Ho's have [sic] with, Hard Rock, Wynn and MGM." Hard Rock and Steve Wynn also have properties in Macau. Have no idea as to the veracity of this, but what the hell, it's interesting enough to meet the low journalistic standards of this site."

Hey, Alan, finally joining the likes of Fox News, Drudge and all the other "new" mainstream media, eh?! It took a longtime to bring you over to the winning side but better late than never. By the way, I never thought David Paterson was a bad guy, either; Obama showed his true blue "colors" when he told the Guv the game was over. The Guv has had a hard time playing the hand he was dealt but he has given it a good shot despite the mess and general ill will Client # 9 left behind.
/S/greenmtnpunter

Anonymous said...

Per the NY Times, Governor Paterson likes the Shinnecocks.

http://www.nytimes.com/2009/09/25/nyregion/25tribe.html

Is it posssible he delays an Aqueduct decsion until the fate of this tribe is clear? "BIG" money on the east end of Long Island will surely push them towards or in NY City if the tribe is federally recognized. Part of the settlement will be the tribe dropping its land claim litigation against the property owners of the high end Shinnecock Golf Club and The National Golf Club. The membership lists area "who's who" of NY as well as national and international business and social leaders. Wouldn't it be ironic if the NYRA and the Shinnecock come togerther to run racing and gaming after both getting there because they dropped a land claim!

Anonymous said...

Alan would think he is doing a good job. Alan voted for Comrad Obama. The "tax the rich" scheme isn't working. Get an education Alan.