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CapitalPlay submits NY racing bid

NEW YORK – (PRESS RELEASE) -- CapitalPlay Consortium said that it has submitted a formal request to Gov. Eliot Spitzer's office that its bid to operate New York State's thoroughbred racing facilities be among those that will be reviewed by a special panel the governor announced today.

CapitalPlay has bid $1.8 billion, more than $1 billion higher than the next highest of three other bidders, to run the state's Belmont Park, Aqueduct and Saratoga thoroughbred race tracks. It said in its letter that its consortium "has outstanding integrity and the management experience, ability, and financial strength to advance New York racing to a higher level."

The letter from CapitalPlay to Richard Rifkin, special counsel to the governor, continued:

"Capital Play intends to merge the best of both worlds -- New York's well-deserved international reputation for some of the finest racing in the world combined with Australia's extremely successful business model. Indeed, more people watched the last Australia Melbourne Cup race than watched the last Super Bowl."

CapitalPlay is a consortium of Australian and New York State entities with expertise deeply rooted in successful domestic and international thoroughbred racing.

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