Genting will present NYRA with a ceremonial $25 million check at a press event at the Big A on October 22.
The check presentation signifies Genting’s commitment to help NYRA keep the state’s horse racing industry strong in the months and years to come. [NYRA Media Advisory]The $25 million figure represents the loan granted to NYRA back in May, at its darkest hour, which was to come out of the $250 construction bond and be ultimately guaranteed by the winning racino bidder. Surely, NYRA will never again need to be rescued in that way, right? This comes just a few weeks after Genting presented the state with another ceremonial check, though that one represented a real check which Governor Paterson immediately raced to a bank to cash (though it was too big to deposit in an ATM).
In the ensuing weeks, we've read of accelerated construction plans, merit raises for NYRA employees, millions to the community in jobs, big hikes in purses and awards for breeders, an influx of fresh stallion blood, inquiries about stall space from out-of-state stables, and physical improvements at all three tracks (eventually). I'm almost expecting flowers to sprout through the cracks in the parking lot, and a golden glow to emanate from the netting out beyond the grandstand turn.
Who are these mysterious Malaysians who have come from afar to breathe a new vitality into an enterprise that was teetering on the edge just last spring? And where the hell have they been for the last nine years? Genting has done and said all the right things since emerging onto the scene, going even beyond what has been required and expected of them. Could this really be? Are they as genuine and sincere in their intentions as we think? Or is their something about them that we haven't yet deciphered? Could it turn out like this?
- The Head Chef reminisces about Paris on her Grapes and Greens blog.