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Mohegan Sun Fighting Spitzer Plan

The Mohegan Sun is not happy about Governor Eliot Spitzer’s plan to add slot machines to the racetracks. They and their partner Capital Play, Inc. are pushing lawmakers to back their plan for taking over the racetracks instead. Their plan is a $1.8 billion plan to revitalize the tracks in addition to adding slot machines, and they say that they can do a much better job than the NYRA who has had the contract previously.

Spitzer said that he wants to give the contract to the New York Racing Association to bring in slots and assist it in getting out of bankruptcy. He then wants to find a separate developer to actually handle the slot machines at the tracks. His plan must be approved by the legislature, so the Mohegan Sun is going after them.

Capital Play says that they are “disappointed” in the governor’s announcement, especially since they had the highest bid and the one that would be most beneficial to the state of New York. They say that they will continue to work with the legislature and the governor to “demonstrate that [they] are the best team” for the venture.

There were other companies bidding for the rights to the franchise and they included Excelsior Racing Associates, LLC who bid $1.2 billion, Empire Racing who bid $797 million, and of course the NYRA who bid $1.3 billion – putting them in second place behind Capital Play. They say that if they do not get the bid for running the tracks, they would at least like to see getting the slot machine part of the deal as they have extensive experience in running them.

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