New York Approves Three Casino Licenses, Clearing Way for First Full-Scale NYC Casinos
New York State approved three casino licenses, enabling the first full-scale casinos to operate legally in New York City.Summary
The New York State Gaming Commission approved three casino projects – Hard Rock Metropolitan Park (Queens), Resorts World New York City (Queens), and Bally’s Bronx (Bronx) – on Monday, paving the way for full-scale gambling operations within the city. This formal approval followed initial clearance earlier in the month and was based on the applicants’ security, fitness, and background checks. The licenses require companies to appoint outside monitors for compliance. The projects represent a significant investment, totaling billions of dollars, and are projected to generate $7 billion in gaming tax revenue and $5.9 billion in state and local taxes between 2027 and 2036. Notable investors include Nas and the Trump Organization. The approval process began in January 2023, and while opening dates vary, Genting aims to have hundreds of table games available by the end of March 2026.
(Source：Readwrite)