Resorts World, Bally's, Steve Cohen Submit Supplemental New York Casino Applications — Update
By Josh Beckerman
The three remaining contenders for New York's downstate casino licenses submitted supplemental applications to the New York State Gaming Facility Location Board on Tuesday.
Genting Group, which owns Resorts World New York City in Queens, N.Y., seeks to change that location focused on slots and electronic games into a full-fledged casino. Bally's is proposing a casino near its Bronx, N.Y., golf course, while New York Mets owner Steve Cohen and Hard Rock International are working on a Queens plan.
Resorts World New York City said it would spend $5.5 billion developing the site and $2 billion on community benefits and said it is projected to provide the highest gross gaming revenue and casino taxes of the applicants. It previously detailed benefits of a planned July 2026 opening that would offer economic benefits earlier than competitors, and now seeks an even faster debut, saying it would be ready to open June 29.
Bally's said its plan would "transform an underutilized corner of the Bronx into a vibrant and lasting economic engine, a hub for tourism, and a destination landmark for generations."
The Providence, R.I., company said its $4 billion resort would "serve as a 'place-maker' for the Bronx and give millions of patrons from Long Island, Connecticut, Westchester and Northern Jersey a reason to come to the city, and to do so much more than merely gamble but also to dine, shop, and stay in the Bronx."
Hard Rock Metropolitan Park believes that with a planned investment of $8.1 billion, its project "will easily generate the most gaming revenue, job creation, and overall economic development for the State." It said the plan "outpaces its competitors in its ability to deliver up-front investments to restore parks, connect disparate communities, and upgrade public infrastructure" and would benefit from proximity to Citi Field, the Billie Jean King National Tennis Center and the future site of New York City Football Club's stadium.
State regulators have been conducting a competitive bid process for up to three downstate licenses.
On Tuesday, MGM Resorts International dropped its plan for a full casino at Empire City Casino in Yonkers, N.Y. "Since submitting our application in June, the competitive and economic assumptions underpinning our application have shifted, altering our return expectations on the proposed $2.3 billion investment," MGM said.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 15, 2025 19:11 ET (23:11 GMT)
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