Genting Malaysia Berhad is doubling down on its US ambitions with a landmark $5.5 billion proposal to convert its existing Resorts World New York City (RWNYC) property into one of the largest integrated casino resorts in the country.
The bid, formally submitted to the New York State Gaming Commission, outlines plans to secure one of three downstate commercial casino licenses currently up for grabs. If successful, the redevelopment would see the current video lottery terminal facility at Aqueduct Racetrack evolve into a 5.6 million-square-foot resort featuring 6,000 slot machines, 800 table games, 2,000 hotel rooms, a 7,000-seat entertainment venue, more than 30 food and beverage outlets, and 10 acres of public greenspace.
Crucially, the expanded RWNYC is designed with both the local Queens community and international tourists in mind, leveraging its proximity to JFK International Airport to position itself as a global destination.
“Fifteen years ago, we made a promise to make this site an economic engine for Queens and New York,” said Robert DeSalvio, President of Genting Americas East. “Today, that promise takes the next step forward with a bid that will deliver thousands of jobs, billions in tax revenue, and a destination that rivals any in the world.”
The redevelopment is expected to generate more than 5,000 union construction jobs. Post-expansion, RWNYC’s permanent workforce will grow from 1,000 to 5,000 employees, with Genting committing to hiring at least half of those from Queens. The company already holds the distinction of being the largest employer of Hotel and Gaming Trades Council members in the region, with a workforce that is over 80 percent people of color and nearly 50 percent women.
Should the license be granted, Genting estimates that expanded gaming operations could begin generating new revenue for the state as early as July 2026, with table games and full slot operations launching within six months of approval.
The long-term economic impact is also significant. Over the first five years of full commercial operations, RWNYC anticipates contributing more than $1 billion to the Metropolitan Transportation Authority (MTA). The property has already contributed $4.5 billion to New York’s public education system since opening in 2011.
The bid underscores Genting’s confidence in the US gaming market and reflects its continued investment in New York’s economic and tourism landscape. With competition for downstate licenses intensifying, the company is banking on its established presence, community ties, and expansive vision to secure a coveted full-scale license.
