Resorts World New York City submits supplemental application for casino licence
The company has said it brings the total spend up to $7.5bn.
US.- Resorts World New York City has submitted a supplemental application for a downstate casino licence in the state to the New York State Gaming Facility Location Board. The company said the application reaffirms “its position as the state’s strongest contender for a full commercial casino licence” and claimed that its proposal would deliver “more jobs, more revenue and more immediate economic impact than any other bid in the running.”
It restated that it would spend $7.5bn on the project, comprising $5.5bn developing the site and $2bn on community benefits. State and local tax payments for the initial 10 years of operations would total $18.8bn, it said.
In an updated economic analysis, it said the project would create more than 100,000 jobs through the proposed 5.6-million-square-foot integrated resort. The development would include a 500,000-square-foot casino with 10,800 gaming positions, a 7,000-seat entertainment venue, 30 dining options, day clubs and spas and more than 12 acres of greenspace.
The company forecasts a June 29, 2026 opening date, which it said would mean that it would begin generating benefits for the city “at least four years before two other bidders are predicting to open their doors.”
It said: “Resorts World New York City is projected to deliver unmatched scale, the highest gross gaming revenue, the highest casino taxes of any applicant – regardless of how many licenses are awarded and to what combination of the four remaining bidders – generating up to $4bn by 2031 in the high-case scenario in which one casino license is awarded.”
Robert DeSalvio, president of Genting Americas East, commented: “This is more than a bid—it’s a promise kept to the people of New York. No other project will come online faster, generate more financial impact, create more jobs or send more revenue to the state’s education fund, the MTA and local communities than Resorts World New York City.”
Queens Borough president Donovan Richards said: “Resorts World is on the verge of turning Queens into a global destination – one all New Yorkers deserve. The jobs, economic opportunity, and amenities in this proposal will change families for generations to come, faster and at a larger scale than anyone else.”
Of eight original applications, three remain in contention for up to three possible New York casino licences: Resorts World in Queens, Bally’s in the Bronx, and Hard Rock International. MGM Yonkers, a subsidiary of MGM Resorts International, recently withdrew its application. The state Gaming Commission is expected to approve up to three downstate casino licences by the end of 2025.
