Resorts World New House of York City is among a crowded bidding pool trying to bring down one of New York’s iii downstate casino licenses. That would that permit Las Vegas-style slot machines, tabulate games, and sports betting.

Resorts World NYC is a racino that operates slot-like video drawing terminals (VLTs) and electronic tabularise games. For the Genting-owned and operated attribute to secure slot and unrecorded dealer tabularise spunky privileges, positive sports betting, the casino must win single of the III full-scale downstate gambling casino concessions. Those are go under to follow issued by the New House of York Gaming Facility Location Board late this year or inwards 2025.

Companies pursuing the sought after downstate casino permits are willing to not only when fork over the $500 1000000 that from each one permission costs, but also rake the country substantial projects that the developers say testament improve the biotic community in which the casino would operate.

Genting’s plan unveiled this week includes not only if an expanded casino blank space with major updates to the readiness and many young hotel rooms. but also the grammatical construction of a 7,000-seat concert hall. Located at the Aqueduct Racetrack in the Queens neighborhoods of Ozone Park and Jamaica, Genting says if RW New York City secures one of the full-scale gambling casino permits, it will to boot build an “innovation campus” with a sports honorary society for mellow shoal student-athletes.

That send off would come at a major cost.

Expansion Details

Genting has already invested more than $1 billion into its Queens property. If it receives a full gaming license, keep company officials said Thursday they would pour another $5 one million million into the resort to greatly spread out the destination that’s near JFK airport.

When we stood here to a greater extent than a dozen years agone to stop ground on Resorts World New York City, our visual sensation extended wellspring beyond that already-ambitious pilot plan. Today, that visual sensation tin soon suit a reality,” Henry M. Robert DeSalvio, chair of Genting America East, said Thursday.

The proposal includes 1,600 young hotel rooms, 30 unexampled eating place and drinking concepts, the 7,000-seat concert venue, and 3,000 units of employee housing offered at affordable rates.

The gambling casino would balloon to 350,000 square up feet. group A 50-acre outdoor common was also elaborate in Thursday’s send off revelation.

New York Favorites

Resorts World New House of York City and MGM Resorts’ Empire City Casino, another racino operating picture drawing gaming, are considered the front-runners for two of the leash downstate concessions.

Resorts World is New York’s largest revenue enhancement generator, with the racino delivering Albany more than $4 billion since it opened a dozen years ago. Genting has invested to a greater extent than $1.1 1000000000 into the Queens racino and has been a strong state and local partner. The racino has been a major success for Genting, as it’s the richest VLT winner among the state’s 12 racinos.

During the electric current 2023/24 financial year that began inwards April 2023, Resorts World NYC has won more than $563.2 zillion of the to a greater extent than $7.5 one thousand million that players bet. The province takes a 50% undercut of the sack up win, or about $281.6 million. Most of the tax do good — 80% — is earmarked for public education.

Empire City reported GGR of $489.1 jillion during the same 10-month geological period that ended January 2024. MGM has also pledged to build a major concert blank in the NYC surface area upon receipt of a total gaming license, though a bit smaller at 5,000 seats.

Other companies prepping bids include Hard Rock International at billionaire Steve Cohen’s Citi Field MLB park in Queens, Las Vegas Sands at the Nassau Veterans Memorial Coliseum, and Wynn Resorts at Henry Hudson Yards inwards a partnership with billionaire Sir Leslie Stephen Ross.

Caesars Entertainment is workings on a bidding in Times Square, Bally’s is underdeveloped a intrigue inward the Bronx, Mohegan has a project near the UN, and a consortium consisting of the Chickasaw Nation, battle of Saratoga Casino Holdings, and Thor Equities wants to get a resort hotel casino to Coney Island.