HomeNewsUnited StatesResorts World New York City unveils ambitious $5.5 bln IR plan

Resorts World New York City unveils ambitious $5.5 bln IR plan

Resorts World New York City (RWNYC) has taken a significant step toward transforming the Aqueduct site into New York State’s largest fully integrated resort, presenting a $5.5 billion proposal to the Community Advisory Committee (CAC).

The Genting Malaysia Berhad subsidiary had previously formally submitted the project to the New York State Gaming Commission, outlining plans to secure one of three downstate commercial casino licenses currently up for grabs.

The company now presented its ambitious plan to the state’s CAC, which, if approved, could open by July 2026 and is expected to create up to 24,000 jobs while generating hundreds of millions in tax revenue for New York State and the Metropolitan Transportation Authority (MTA).

The proposed resort would span 73 acres and feature a 5.6 million-square-foot facility, complete with 6,000 slot machines, 800 gaming tables, 2,000 hotel rooms, a 7,000-seat arena, and over 30 food and beverage outlets.

Additionally, the plan includes a large spa and more than a dozen acres of community green space.

Kevin Jones, Chief Legal and Strategy Officer at Resorts World, emphasized the project’s low operational risks during the presentation. “When it comes to completion and operational risk, Resorts World New York City stands uniquely as almost risk-free,” he stated.

Nelson Moura
Nelson Mourahttp://agbrief.com
Editor and reporter with 10 years of experience in Greater China, namely Taiwan and Macau, in printed and online media, with a focus on finance, gaming, politics, crime, business and social issues.

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