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Resorts World New York City is among a crowded bidding pool trying to land one of New York’s three downstate casino licenses. That would that permit Las Vegas-style slot machines, table games, and sports betting.
Resorts World NYC is a racino that operates slot-like video lottery terminals (VLTs) and electronic table games. For the Genting-owned and operated property to secure slot and live dealer table game privileges, plus sports betting, the casino must win one of the three full-scale downstate casino concessions. Those are set to be issued by the New York Gaming Facility Location Board late this year or in 2025.
Companies pursuing the coveted downstate casino permits are willing to not only fork over the $500 million that each license costs, but also pitch the state substantial projects. Those, the developers say, will improve the community in which the casino would operate.
Genting’s plan unveiled this week includes not only an expanded casino space with major updates to the facility and many new hotel rooms. but also the 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 casino permits, it will additionally build an “innovation campus” with a sports academy for high school student-athletes.
That project 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, company officials said Thursday they would pour another $5 billion into the resort to greatly expand the destination that’s near JFK airport.
When we stood here more than a dozen years ago to break ground on Resorts World New York City, our vision extended well beyond that already-ambitious original plan. Today, that vision can soon become a reality,” Robert DeSalvio, president of Genting America East, said Thursday.
The proposal includes 1,600 new hotel rooms, 30 new restaurant and drinking concepts, the 7,000-seat concert venue, and 3,000 units of employee housing offered at affordable rates.
The casino would balloon to 350,000 square feet. A 50-acre outdoor park was also detailed in Thursday’s project revelation.
Source; https://www.casino.org/news/resorts-world-new-york-city-teases-5b-full-casino-license-plan/
