The New York State Lottery Commission last week approved a $380 million bid from a Malaysia-based firm to operate a video lottery casino in Queens.

An affiliate of the Genting Group was the sole bidder being considered to develop and operate a racino at Aqueduct Racetrack after proposals submitted by rivals were ­disqualified last month.

The bid needs the approval of the governor and leaders of the Senate and Assembly to move forward. Pending approval, the state plans to sell $250 million of personal income tax bonds to finance a construction grant that the chosen firm would use to build the facility.

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