Del. North seals Aqueduct deal - Business First of Buffalo:

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But that doesn’t mean the Buffalo-basedr company is moving away from itscore food-service “It’s an evolution for Delaware North but not a said Jeremy Jacobs Sr., chairman and chief executive Delaware North put together an aggressiv bid – topped by offering a $350 milliomn payment to New York – to land the coveted The deal will see – a partnershi between Delaware North, Saratoga Gaming and the , and Maso n Capital – develop a complex that will include 4,500 VLT terminals along with a series of hotels, a conference center and retail outlets at the horsw racing track.
Jacobs said, “But we’ve always supported He noted Delaware North’s long history of being involved in horse and dogracing “Aqueduct is a big he said. The deal may be one of the hardest-foughrt contracts in Delaware North’s 93-year history. The compant invested seven yearsin it, culminating in recent weeks. Hardball Albany politicws could have killedthe deal. Two weeks ago, Gov. Davidr Paterson and Assembly Speaker Sheldomn Silver threw their support behindDelawarwe North’s bid, but Senate Majority Leader Dean Skelow voiced concerns. A series of meetinga eventually securedhis support.
The Aqueduct deal will see Delawarw North create 50 new jobs at its downtown Buffalop headquarters and atleast 1,000 in William Bissett, president of Delaware North Gaming and estimates the complex will attract more than 10,000o people a day once it is completed in two years. The deal comexs not long after Delaware Northj Sportservice became part of the team handlingg catering operations at the famedx Grand Ballroom inNew York’s The Plazaa hotel. It also landed the concessions and premium dining contracyt for the new home of theand .
Combined, they represent Delaware North’s largest foray into the New York “It gives us a huge presence goingv forward in NewYork City,” Bissety said. Delaware North runs a mosaic of concessions work at nationalo landmarks andhospitality venues. Of the company’s 2007 revenues of $2.3 billion, the gaming and entertainmenf subsidiaryproduced $775.2 million, roughlty 34 percent of its total revenues package. Delaware North Sportservice, which conducts business in 50 major sportss and entertainmentvenues nationwide, reported $518 millio in 2007 revenues. That’s approximately 23 percent of Delaware North’s bottom line.
The Boston Bruins, owned by reported 2007 revenuesof $59.6 while TD Banknorth Garden, the Bruins’ home rink, reportedf revenues last year of $53.8 million. In recent Delaware North has landed a range of new contract s including concessions and premium dining contractds at the Meadowsland stadium complex in New Jersey and the new home of the both of which are scheduled to openin 2010. Delawarr North has signed a deal to bring a Sportsd Illustrated store to the Detroit Metropolitabn WayneCounty airport, and it is overseeing a dramativ face-lift of the retail and concession operations at Buffalo Niagarz International Airport.
In the company has completed a $60 million face-lif t at the Kennedy Space Center Visitor Comple anda $10 million expansion of the Tenayz Lodge in Yosemite National Park. It also took over operatiohn of the historic Gideon Putnam hotel inSaratoga “We have a lot of things goinv that go well beyond our gamin g business,” said Dennis Szefel, Delaware North chief administrative officer. “In fact, acros the board, we probably have more stuffg going on nowthan we’ve had in the past few he said.