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Photo Credits: Resorts World
Resorts World New York City has opened a live table games floor in Queens, giving New York City its first full-scale casino of this type after years of state gambling expansion plans.
Good to Know
Resorts World moved quickly because it already had slot machines and electronic gaming at the Aqueduct Racetrack site for more than a decade. The new floor opened Tuesday, only months after Genting secured one of three downstate casino licenses.
Robert DeSalvio, president of Genting Americas East, said:
“We got the license Dec. 15, and here we are, April 28, welcoming our guests to the new casino floor,”
The South Ozone Park property now has a head start in the New York City live table games market. Resorts World sits near John F. Kennedy International Airport and added dealer-led games that many city players previously traveled to nearby states to find.
Genting won its license while several major casino groups missed out, including Wynn Resorts, Las Vegas Sands, Caesars Entertainment, and MGM Resorts. The company said it pays 63% tax on slot revenue and 30% on table game revenue. Its bid also included a clause allowing its tax rate to drop to competitor levels once the other licensed casinos open.
Bally’s plans a Bronx casino on a golf course bought from The Trump Organization. Hard Rock is working with Steve Cohen on a project near Citi Field. Both projects are expected in 2030.
The table games floor starts a larger $5 billion Resorts World NYC expansion. The plan includes another hotel wing, a 7,000-seat entertainment venue, an indoor day club with pools, a spa, and what the company expects to become the first sportsbook in New York City.
The current expansion created more than 1,200 jobs, including hundreds of dealer roles. Resorts World expects another 500 hires by summer. Some dealers came from out-of-state casinos, while local workers are being trained through a dealer program.
State officials project the three downstate casinos could bring in $7 billion in gaming tax revenue over 10 years. CBRE has also projected annual gaming revenue at maturity of up to $5.6 billion under a bull case scenario.
The opening event drew elected officials, community leaders, entertainers, and players. Nas, the Queens-raised rapper and project partner, performed and rolled the first dice after the ribbon cutting.
Queens Borough President Donovan Richards said:
“We have hit the jackpot, Queens!”
Queens Assemblywoman Stacey Pheffer Amato said the project would bring an “economic shot in the arm” to South Ozone Park.