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Vegas Investor Rejected for New York License

VERNON, New York – As reported by the Associated Press: "The state has denied licenses to the president of an upstate harness track and a key investor, saying they are unfit to be involved in racing.

"In letters to Las Vegas businessman Shawn Scott and Vernon Downs president Hoolae Paoa, the state Racing and Wagering Board last week said, `Your experience, character and general fitness is such that your participation in racing or related activities would be inconsistent with the public interest ... or the best interest of racing generally.'

"…The board granted them temporary licenses last year. The track is now $23 million in debt to a Las Vegas mortgage company, Vestin Mortgage, which has ties to Scott.

"…Vernon Downs, 35 miles east of Syracuse, has two license applications pending with the state, one to race horses next season and another to open a casino. It was not immediately clear what effect Scott's and Paoa's denials will have on those applications…"

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