Genting is basically secured to receive a gaming license in New York City, tapping one of the most lucrative markets in the US, as it utilizes its strong Resorts World presence to further the company’s growth.
According to reports, Genting is among three operators that are basically assured to receive licenses for the much-desired region, alongside Hard Rock and Bally’s.
While the final stage is still set for the end of this month, suggestions put before the board make a strong case for the international operator, and current projections pace total gaming tax revenue at up to $7 billion between 2027 and 2036.
Resorts World Casino New York City is procuring a license to be associated with its Aqueduct racetrack in Jamaica, Queens – one of the historically best performing casinos in the US.
The plan currently is to transform the venue into a $5.6 billion IR, with a 500K square foot casino, including 6,000 slots, 800 tables and a massive entertainment venue, as well as MICE and F&B. Expectations are for the generation of up to $2.2 billion in annual revenue.
The project is also backed by NY hip hop artist Nas.
