The Lottery Division assessment grades the six bidders at the time using 11 different criteria, from their ability to complete a deal swiftly to potential legal or licensing issues. Each bidder is graded in each category with either a “positive,” “neutral” or “negative” score.
While the Aqueduct Entertainment Group was assessed as having four potential negatives, including legal and licensing matters — concerns that would linger throughout the process — a group led by the developer SL Green had no negatives at all and appears to fare best in the assessment.
(Note: Aqueduct Entertainment Group is listed as “Mays Navegante” on the document; Richard Mays is A.E.G.’s chairman, and the Las Vegas-based Navegante Group was to be the consortium’s gambling operator.)
Aqueduct Bid Process
With the scoring, you would think that the state would have considered the SL Green/Hard Rock bid.