News

New York grants final approval for three New York City casinos

State regulators have awarded three downstate casino licenses in New York City, approving projects in the Bronx and Queens while warning operators that community commitments will be closely monitored.

· 3 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
ny-casinoapproval
Key Points
New York State Gaming Commission approves three NYC casino licenses
Projects awarded to Resorts World, Metropolitan Park and Bally's Bronx
Regulators to monitor delivery of community and economic commitments

The New York State Gaming Commission has granted final approval for three casino licenses in New York City, clearing the way for developments in the Bronx and Queens following a decisive vote.

The licenses were awarded to Genting Group's Resorts World New York City in Queens, the Metropolitan Park development led by New York Mets owner Steve Cohen alongside Hard Rock International, and Bally's Bronx at Ferry Point Park.

The decision followed earlier recommendations from the Gaming Facility Location Board, which had shortlisted the three projects from an original group of eight applications.

Regulators said the approvals conclude a lengthy and highly contested process that involved multiple stages of review, including local advisory panels and public hearings.

The commission stressed that the successful applicants would be held accountable for commitments made during the bidding process, including job creation, tax contributions and community investment.

Commission chair Brian O'Dwyer confirmed that an independent monitor will report quarterly on each project's progress over the next five years. The monitoring will assess whether operators deliver on pledges relating to employment, infrastructure improvements and local benefits.

New York Governor Kathy Hochul said the approved casinos are expected to generate billions of dollars in funding for public services, including education and the Metropolitan Transportation Authority, while supporting tens of thousands of jobs.

She added that the state expects the operators to meet their stated obligations to surrounding communities.

Global Gaming Insider previously reported on the New York State Gaming Commission's approval of the Metropolitan Park proposal in Queens. The vote now completes the downstate licensing process, confirming final approvals for Metropolitan Park alongside Resorts World New York City and Bally's Bronx.

Despite the approvals, the decision has drawn opposition from some local groups. Metropolitan Park faced vocal criticism during the application process, with concerns raised around public safety, congestion and infrastructure strain. Protesters were present following the vote and indicated potential legal challenges.

Resorts World New York City, which already operates a racino at its Queens site, is expected to transition to full casino operations as early as next spring.

The Bally's Bronx proposal includes a redevelopment of the former Ferry Point golf course site, a transaction that will involve a $115m payment linked to previous site management arrangements.

Good to know

Hard Rock Bet launched its Unity by Hard Rock Week promotion on December 8, offering enhanced rewards for online casino players

Reaction Board

News Analysis

View All
Codere acquisition

Codere sale: Could splitting the group unlock buyer interest?

Codere's individual business divisions are reportedly attracting greater interest from potential buyers than the group as a whole. Following years of financial restructuring and a successful turnaround, can its investors finally cash in on the recovery?

4 min read • • By Marieta Lezaic
olga-slotegrator

Inception to implementation: Building new foundations in online gaming

Slotegrator COO Olga Ivanchik reflects on her first year with the organisation, drawing on key implementations and strategies that have helped drive innovation as part of a new era at the company.

4 min read • • By Will Underwood
The new kings of US election donations

The new kings of US election donations: AI, crypto and sports betting

During this year's US midterm election cycle, corporate donations reached a record of $648m, with crypto, AI and online betting companies accounting for $344m.

6 min read • • By Patrick Fasolis

In The News

View All