Genting proposes expansion at NYC property

Genting Resorts World Casino New York
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Genting New York, the New York-based subsidiary of Malaysia’s Genting Group, has stated its intention to expand facilities at its Resorts World Casino New York property, which is positioned within the Aqueduct Racetrack complex.

The company has outlined plans to add another 750,000 square feet in floor space at the site – spending a total of $400m (E363m) on additional gaming space, hotel rooms and retail and entertainment options.

Michael Levoff, SVP of public affairs for Genting Americas, said that such a move would help channel increased funds to New York’s education system, which is the major beneficiary of gaming tax revenue in the state.

 

Beyond providing additional revenue, this expansion will also add approximately 1,500 good-paying careers for New Yorkers and thousands of construction jobs.

 

“This new expansion, and its corresponding increase in visitation to our facility, will result in a boost in revenue for both New York’s education fund and the state’s horse racing industry—while also acting as a catalyst for additional economic development in our local Queens community,” he added. “Beyond providing additional revenue, this expansion will also add approximately 1,500 good-paying careers for New Yorkers and thousands of construction jobs.”

Resorts World New York opened in 2011 – becoming the first legal casino in New York City.

If given the go-ahead by state regulators, some industry observers have claimed that the expansion could pave the way towards legislation permitting Nevada-style commercial casinos in New York.

Under current legislation, video slot machines and live table games are both prohibited in New York – with operators offering automated table games and video lottery terminals as a substitute.

A spokesperson for the New York Racing Association – which oversees the Aqueduct complex – said that the organisation to receive detailed plans regarding the proposed expansion.

 


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