RESORTS WORLD NEW YORK CITY BREAKS GROUND ON PHASE TWO OF $5.5 BILLION EXPANSION

Resorts World New York City today doubled down on the speed of its massive $5.5 billion first-of-its-kind integrated resort, officially breaking ground on Phase Two of the project less than 3 months after the property’s grand opening.

“In less than 3 months after opening our doors as the first casino in New York City’s history, we are already moving towards a day when the city will have a first-of-its-kind integrated resort,” said Tan Sri Lim Kok Thay, Executive Chairman of the Genting Group. “Not only are we keeping every commitment we made in our proposal to the state, but we are running well ahead of schedule in starting to build outside of our existing building.”

Elements of Phase Two that will get started after today’s groundbreaking include:

The full expansion is projected to create 10,000 jobs, including an estimated 5,000 union construction jobs, and will add 2 million square feet of new gaming, entertainment, dining, retail, and convention space to the existing one-million-square-foot property.

“The excitement around this project hasn’t stopped since the day we submitted our bid,” said Robert DeSalvio, President, Genting Americas East. “It carried us through our licensing process and through the first 12 weeks of operating New York City’s first live table games. Today, that same excitement is present as we break ground on Phase Two, which will bring new infrastructure, new parking, and the next wave of hotel rooms that will support two million square feet of new gaming, entertainment, and hospitality space in the years ahead.

With just two floors of gaming operation opened since opening on April 28, Resorts World has increased tax and racing support payment by over 30 percent compared with the same period last year, paying $170 million in casino taxes and racing support in the first 12 weeks of operation.

With these numbers, Resorts World New York City is already the largest casino in the United States in terms of Gross Gaming Revenue.

Further, with the addition of 1,400 slot machines on July 21 and more gaming tables by the end of the year, RWNYC is expected to significantly grow casino tax and racing support payments to a billion dollars a year, including $425 million for education, $425 million for the MTA and $150 million in support for the state’s horse-racing industry.

There are only 3 States which generate more than $1 billion each in the nation. As a billion dollar casino tax and racing support payer, Resorts World New York City – as a single property – will join this billion dollar club – showing the huge contribution of Resorts World NYC to the State of New York.

Resorts World New York City has operated in Southeast Queens for 15 years and is New York State’s largest taxpayer. The property employs approximately 2,500 people, more than half of them Queens County residents, and has invested more than $1.1 billion in Southeast Queens, generated more than $5 billion for the State’s public education system, and welcomes an average of 5 million guests annually.

“Today’s historic groundbreaking is about delivering for Queens families who have long deserved good-paying union job opportunities, safe spaces for their children to grow and world-class entertainment all right in their own borough. That’s exactly what we’re delivering for our neighbors with Phase 2 of Resorts World’s expansion,” said Queens Borough President Donovan Richards Jr. “In real time, we are leveling the playing field when it comes to prosperity and culture. It has been an honor to partner with Resorts World on bringing this community-centered expansion to life and I look forward to the ribbon cutting in the not-too-distant future.”

“One of the things that excites me most about today’s groundbreaking is the continued investment in our young people,” said Assemblywoman Stacey Pheffer Amato. “The Kenny ‘The Jet’ Smith Sports & Media Academy will provide pathways into industries that many students never imagined were within reach, while the surrounding development continues creating jobs and economic opportunity for local families. This project isn’t simply expanding a destination—it’s expanding opportunity for the next generation,”

“For far too long, Southeast Queens has watched major investments happen elsewhere. Resorts World has helped change that reality by making this community a destination for jobs, tourism, and economic growth,” said New York State Senator James Sanders Jr. “Every new hotel room, entertainment venue, and community amenity strengthens our local economy and creates opportunities for residents and small businesses alike. Today’s groundbreaking is another significant investment in the future of Southeast Queens.”

“The success of a project like this is measured by whether promises become reality. Resorts World has built a reputation over the past 15 years as a dependable partner that invests in Queens, supports local organizations, creates union jobs, and follows through on its commitments. Today’s groundbreaking represents another important step in a long-term vision that will benefit our community, our workforce, and New York City’s economy for decades to come,” said New York State Senator Joseph P. Addabbo Jr.

Resorts World New York City (RWNYC) is New York City’s only casino-hotel, offering world-class gaming, upscale accommodations, exceptional dining, entertainment, and hospitality in the heart of Queens. RWNYC features nearly 4,000 slot machines, more than 240 live table games, the 400-room Hyatt Regency JFK Airport at Resorts World New York City, premium dining experiences including RW Prime and Good Friends Noodle House, vibrant bars, event and meeting spaces, and premier entertainment offerings.

As the destination continues to evolve, RWNYC is realizing its vision of a fully integrated resort that combines gaming, hospitality, entertainment, culinary excellence, and guest experiences under one roof. Since opening in 2011, RWNYC has generated more than $5 billion in support of New York State’s public education system while welcoming an average of 5 million guests each year.

 Operated by the Genting Group, a global leader in integrated resorts with destination properties across North America, Asia, Europe, and the Caribbean, RWNYC reflects Genting’s decades of expertise in delivering exceptional hospitality, entertainment, and leisure experiences to millions of visitors worldwide.