Resorts World Casino NYC

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Hotel for Resorts World by late 2020

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A long-planned hotel at Resorts World Casino in South Ozone Park is about to begin construction, officials said this week. The 400-room, 10-story hotel represents a major expansion of the only casino in New York City. “This new play, stay, dine and shop development will create good-paying jobs and generate significant revenue for our surrounding community and New York State,” said Scott Molina, president of Resorts World Casino New York City. “We are grateful to our local partners for their steadfast support as we prepare for phase two of our facility.” The $400-million hotel is slated to be completed by the end of next year. The first two floors are already near completion and will be ready to open some time this summer, officials said. The completion of the hotel will effectively double the size of the casino by adding an additional 500,000 square feet of space to the complex. It will include four high-end restaurants, a fitness center, another gaming room and meeting rooms. The ability to put up guests overnight— especially high rollers — and to host conventions and conferences on the casino grounds puts Resorts World on an even footing with Atlantic City and other area gambling spots. Since the casino opened in 2011 right next to Aqueduct Race Track, it has been surprisingly successful, drawing more than 10 million customers a year. It has become is the highest-grossing slot-machine casino in the world, officials say. On average, more than $1.1 billion a month is wagered through the casino’s 5,000 video machines, according the state Gaming Commission. However, betting revenues at Resorts World have been slowly trending downward over the last few years. The casino’s handle has dropped from a high of $20 billion in 2015-16 to just under $14 billion in 2017-18, the last full year for which statistics are available, according to the Gaming Commission. Betting in the current fiscal year, which ends next month, are on a par with last year, indicating the decline may be leveling off. The new hotel will extend from the casino’s main building north, toward Rockaway Boulevard, in front of the existing, four-story parking garage. It was designed by the international architecture firm Perkins Eastman, which is responsible for components of such New York projects as Battery Park City and Metrotech, as well as smaller project in Queens, including a sustainable housing development in Arverne in the Rockaways. Once the hotel is complete, casino officials say more than 1,000 jobs will be created in the southern part of Queens. Construction is not expected to affect the operations of the casino. Officials said they will make an announcement about which restaurants and other facilities will be opened in the just-completed ground floors of the new hotel.

by Michael Shain, Editor

http://www.qchron.com/editions/queenswide/hotel-for-resorts-world-by-late/article_25e0111b-8194-5e19-ae36-8d661a89a861.html