Good Morning. New York. Concrete jungle where dreams are made of. And those dreams just got a lot more real for Genting’s Resorts World New York City, after securing approval for the first commercial casino in the state. While there are still hoops to jump through, the group can now go ahead with its multi-billion-dollar redevelopment plan for its Queens property and tap into a highly-lucrative market. Looking at Macau, analysts have high hopes for December, boosted by a late-November surge after the National Games. But even the increase won’t stop the closure of more satellite casinos, with Kam Pek and Casino Fortuna on the chopping block.
What you need to know
- Genting’s Resorts World New York City wins key approval for first commercial casino in New York City.
- Strong late-Nov. surge post-National Games drives Macau GGR momentum; analysts predict 15–20% growth in December.
- With Casino Kam Pek Paradise closing on December 1st, Casino Fortuna is set to cease operations on December 9th, says SJM Resorts.
On the radar
- Paradise Co. casino revenue rises 11.6% in November to $55M.
- Jeju Dream Tower casino sales surge 97% in Nov., GKL marks 12.9% rise.
- Okada Manila operator Universal Ent. downgraded to ‘B-‘ by S&P Global.
- Watershed moment as Sri Lanka formally establishes gaming watchdog.
AGB Intelligence
GENTING
Resorts World New York City wins casino license
Genting is set to see a strong boost from its US operations, following the group’s award of the first commercial casino license in New York City. The approval marks the penultimate step in the licensing process, with the New York State Gaming Commission having until the end of the month to ratify the recommendation. The group is hoping to launch hundreds of new table games by the end of March 2026 after a $5.5 billion transformation of its Queen’s property.
Industry Updates
- ZITRO gears up for ICE Barcelona with FANTASY cabinet line showcase.
- Blask reports October as the leading month for global iGaming in 2025.
- SOFTSWISS Sportsbook celebrates five years of global success.
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