#United States #Queens #integrated resort #Resorts World NYC #New York Gaming

Resorts World New York City Advances Bold $7.5 Billion Proposal

Resorts World New York City (RWNYC) has reaffirmed its commitment to becoming the premier gaming destination in New York by submitting a supplemental application for a full commercial gaming license to the New York State Gaming Facility Location Board. This proposal indicates the company's vision for a $7.5 billion integrated resort, which aims to not only set records in revenue but also generate substantial community benefits for the surrounding areas.

Transforming the Local Economy

RWNYC's planned investment includes a $5.5 billion budget for site development and an additional $2 billion dedicated to community initiatives. The financial magnitude of this proposal surpasses that of any other competitor in the region. The casino, projected to operate with unmatched scale, is expected to attain the highest Gross Gaming Revenue among all applicants. In a high-case scenario with a single casino license, revenues could potentially reach $4 billion by 2031.

Moreover, the anticipated state and local tax contributions over the initial decade of operations could amount to an impressive $18.8 billion, with RWNYC also prepared to pay a $600 million license fee—this is $100 million more than what the state mandates. Such financial commitments highlight RWNYC's resolve to invest responsibly in the state economy.

Quick Implementation Timeline

What distinguishes RWNYC from its rivals is its readiness to begin operations swiftly. The integrated resort is slated for a June 29, 2026 opening, which is markedly ahead of other proposals for gaming licenses, making it the most immediate option for stakeholders. As stated by Robert DeSalvio, President of Genting Americas East, "This is more than a bid—it's a promise kept to the people of New York." The swift roll-out of this project will yield substantial benefits, creating over 100,000 jobs in construction, permanent positions, and those induced by operational activities.

A Comprehensive Entertainment Experience

The massive development is set to cover a staggering 5.6 million square feet and include a grand 500,000-square-foot casino featuring 10,800 gaming positions. Additionally, this entertainment hub will feature a 7,000-seat venue, a variety of 30 dining establishments, day clubs and spas, along with over 12 acres of greenspace for public enjoyment. Such amenities are poised to redefine the leisure landscape in Queens, ultimately transforming the borough into a global tourist destination.

Queens Borough President Donovan Richards has expressed optimism about the transformative potential of this proposal. He remarked, "The jobs, economic opportunity, and amenities in this proposal will change families for generations to come." The overall benefits of RWNYC's project resonate well beyond the immediate locality, promising to uplift upstate communities through increased tourism and job creation.

A Commitment to Local Interests

In addition to its financial contributions, RWNYC is uniquely committed to ensuring that revenue remains within New York State. While competitors have substantial ties to New Jersey's Atlantic City, RWNYC has fostered relationships with facilities across Upstate New York, highlighting its dedication to supporting local communities. The proposal includes $70 million in incentives for visitors to explore the existing Resorts World Catskills amenities, ensuring a symbiotic relationship that strengthens tourism across New York.

State Assembly Member Paula Elaine Kay commended RWNYC's commitment, stating that their prior engagements have proven their dedication to keeping gaming revenues in New York. As the state council assesses the final bids for gaming licenses, RWNYC stands out not only for its financial backing but also its operational readiness, documentary endorsements from community leaders, and strong public support.

Conclusion

As Resorts World New York City advances through the evaluation phase for the gaming facility license, its substantial investments, pragmatic development timeline, and community-oriented approach collectively present a compelling case for its selection. As the project is likely to see implementation sooner than its competitors, New Yorkers can anticipate significant economic revitalization in the coming years, showcasing RWNYC as a leader in transforming the state's gaming landscape.