Resorts World New York City has pledged $2.5 billion to the Metropolitan Transportation Authority (MTA) from 2026 to 2029 if it secures one of New York State’s coveted downstate casino licenses this December. This proposal surpasses the MTA’s projected $1.8 billion in casino-related revenue during the same period.
Resorts World intends to launch as New York’s first full-scale city casino by early 2026, contingent on state approval by the end of 2025. The South Ozone Park site could then expand operations by March 2026. The casino’s proposal includes a $600 million license fee, $100 million above the state’s base requirement, and $1.9 billion in tax revenue over four years, all earmarked for the MTA to help address its financial challenges.
If selected, Resorts World would be New York City’s first licensed commercial casino, with other proposed sites unlikely to open before 2030. The company’s representatives claim the venue could immediately contribute funds to state education and public transit, estimating $2 billion for schools and $2.5 billion for transportation.
Robert DeSalvio, head of Genting Americas East, portrayed the project as a catalyst for sustained growth, emphasizing its potential to enhance the broader economy and support essential public services.
The redevelopment plan envisions a $5.5 billion transformation of the Aqueduct Racetrack site into a 5.6 million-square-foot resort. It would feature a 500,000-square-foot casino space, over 6,000 slot machines, 800 gaming tables, and a 7,000-seat event venue. Additionally, the project promises 2,000 hotel rooms, 30 or more dining and drinking establishments, and extensive parking facilities.
Currently employing around 1,000 people, Resorts World anticipates the expanded complex could create 5,000 permanent jobs and another 5,000 union construction jobs, with a commitment to hiring at least half of its new workforce from Queens.
Local authorities support the initiative, citing its potential to fund improved transit and generate job opportunities. Queens Borough President Donovan Richards Jr. noted that it could provide much-needed funding for the city’s transportation infrastructure. Assembly Member Stacey Pheffer Amato commended the company’s track record of public contributions, labeling it a model of reliable collaboration.
Since opening in 2011, Resorts World New York City has contributed approximately $5 billion to New York’s public education fund and over $2 billion to the state’s horse racing sector. Operated by The Genting Group, the property attracts about five million visitors annually and continues to strengthen its status as a leading regional entertainment destination.
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: SCCGManagement.com