Steve Wynn bids adieu to N.Y.'s Aqueduct racetrack

Nov 10, 2009 5:08 PM
Gaming Insider by Phil Hevener |

Steve Wynn appears to have said thanks but no thanks to the chance to operate slot machines at New York’s Aqueduct track despite the fact that well-positioned observers of the selection process saw him as the favorite just a couple months ago.

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No sign yet that whatever’s happening in New York has been discouraging to any of the half-dozen or so other bidders awaiting the decision, most of them with solid experience in the casino business, but there has been little obvious movement toward an announcement. Whatever is happening to the issue it remains behind closed doors. It is easy to imagine the pressure of special interests in a state like New York.

Wynn declined a chance to comment on the issue, but it is a good bet that he saw the momentum he once had suddenly running in another direction and did not see any good reason to hang around to congratulate the winner.

Penn National (PENN) is another of the bidders who is waiting anxiously and at this point perhaps a little impatiently.

"We were told the decision will be made by Labor Day," Penn’s Steve Snyder said. "I think our mistake was not asking which Labor Day."

And so the wait goes on although Penn has plenty of activity on its plate in other jurisdictions.

Question? Comment? E-mail me at: Phil Hevener