$4B NY Event Center Project May Hinge On Slot Revenues

Law360, New York (February 7, 2012, 6:04 PM EST) -- A titanic $4 billion convention center project in New York that would create the largest event center in the country may hinge on negotiations over revenue-sharing at the developer's nearby casino complex, industry watchers said Tuesday.

The developer, Genting Malaysia Bhd., announced Jan. 5 it had reached a nonbinding agreement with the New York State Development Corp. to erect a 3.8-million-square-foot center in Queens, adjacent to the Aqueduct Racetrack and Genting-owned Resorts World Casino.

But Genting officials recently raised concerns about, among other things, the current...
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