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Wednesday, January 25, 2012

Selling yourself, for cheap

Interesting collage of articles about New York.

Noteworthy are those that provide information about how cheaply New York sold itself to Genting.

Columnist calls for simpler sales records as deals become complex, Genting becomes keyword in city politics … and more


1. Industry needs to simplify sales records as transactions become more complex, Lois Weiss says [Post, 4th item]
2. Queens Borough President Helen Marshall said a second convention center at Willets Point would compliment Genting’s plans for Aqueduct [NYDN]
3. Meanwhile, Genting shoots down Markowitz’s call for a casino in Coney Island, saying rival gaming hall would threaten Queens plans [Post]
4. Finally, the Malaysian firm donated $100,000 to state politicians hoping to push legalization of casino gaming
[NYDN]
5. Donald Trump says the U.S. hotel industry would be booming if banks would only lend more [WSJ]
6. But he plans to build 10 hotels in major cities outside the U.S. [Bloomberg]
7. Success Academy founder plans six more charter schools in NYC by 2013 [NYDN]
8. Glenwood Management, RFR Holdings bundle combined $236,000 for Scott Stringer’s campaign [Post]
9. Sports editor of “The Nation” challenges Michael Ratner, Bruce’s brother and president of Center for Const. Rights, to open forum discussion of Atlantic Yards project [NYDN]
10. Memorial Sloan-Kettering signs direct lease for entire third floor at Chrysler building after years of subleasing from Wachovia [Post, 3rd item]
11. Ex-Bronx Borough President Adolfo Carrion Jr. will step down from federal housing post, likely to pursue politics in the city [NYDN]
12. Howard Beach Chinese restaurant to become $5M autistic center June 1 [NYDN]
13. Fairfield, Conn. pushes for easy transit link to Bronx, where many employees of Fairfield companies commute from [NYDN]




Racino operator donates $100,000 to state pols
Genting donations come amid push in Albany for full-scale gambling
By Kenneth Lovett / NEW YORK DAILY NEWS


ALBANY — The operator of the Aqueduct racino ponied up $100,000 to state lawmakers amid Gov. Cuomo’s push for full-scale Las Vegas-style gambling in the state.

The first-ever donations in New York by Malaysia-based gambling giant Genting come as the company also gears up to build a $4.4 billion convention center at the racino site.

The donations are on top of the $1 million in Albany lobbying Genting spent last year.

A Genting rep had no comment.

Gambling foe David Blankenhorn, president of the Institute for American Values, called the donations “disappointing, but not surprising.”

“If there is a real public discussion on the issue, these casino lobbyists will not succeed so they try to use money and secrecy to get their way,” Blankenhorn said.

Genting spread the wealth around to both parties, though its biggest focus was on the politically-fractured state Senate.

Genting donated $20,000 to the Senate Republicans’ reelection arm in November — and $10,000 to a similar Democratic committee.

Genting also gave $10,000 to Attorney General Eric Schneiderman, but did not give directly to Cuomo.

Read more: http://www.nydailynews.com/new-york/racino-operator-donates-100-000-state-pols-article-1.1011447#ixzz1kW9pCCxf


Racino warning
By CARL CAMPANILE

A casino in Coney Island? Fuhgeddaboutit!

Aqueduct racino operator Genting yesterday said that opening a rival gaming hall threatens its plans for a $4billion Queens convention center.

“If we have no protection whatsoever,” the plans aren’t viable, Genting’s Christian Goode told The Post editorial board.

Brooklyn Borough President Marty Markowitz calls Coney Island a “perfect” gambling site.

Read more: http://www.nypost.com/p/news/local/racino_warning_D9ewggu7VnExOULiWyf9oK#ixzz1kWAZWxt2

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