Earlier this week Penn National Gaming (PENN: 24.91 0.00%) blasted New York’s Governor David Paterson for delaying the selection process and changing criteria midstream on choosing the casino operator for the Aqueduct Race Track.

Although Penn was the apparent high bidder offering $301 million up front, the Governor announced Friday that he has selected Aqueduct Entertainment Group for the 30 year contract to operate the track’s 4,500 video lottery terminals.

“We were extremely shocked and dismayed by the governor’s announcement, given we offered over $100 million more to the state than AEG in our bid,” said Eric Schippers, Penn National senior vice president. “In addition, our proposal complies with the conditions outlined by the speaker for the winning bidder. We remain committed to this project and will await further details about the selection process before commenting further.”

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