"No casinos will end up coming to Manhattan, however, as several other competing proposals were already scrapped, including one in the heart of Times Square. The state Gaming Commission is expected to formally issue the licenses before the end of the year, as the gambling revenues are already factored into the state budget. Democratic Gov. Kathy Hochul said the casinos promise to unlock billions of dollars in funding for the state's transit system."
"Bally's plan to spend $4 billion building a casino at the Ferry Point golf course in the Bronx could mean millions of dollars for Trump. When the company purchased the city-owned golf course's operating rights from the Trump Organization in 2023, it promised to pony up another $115 million if it won a casino license. Spokespersons for the Trump Organization did not immediately respond to an email seeking comment."
"In nearby Queens, billionaire New York Mets owner Steve Cohen has proposed building a $8.1 billion Hard Rock casino on a parking lot of Citi Field. The complex would include a performance venue, a hotel and retail and shopping space. Resorts World, meanwhile, has proposed investing more than $5 billion to expand an existing slots parlor into a full casino at the Aqueduct Race Track, which is also in Queens near John F. Kennedy International Airport. It too would add hotel, dining, and entertainment options."
Three casino proposals in New York City won approval for lucrative gambling licenses, with none slated for Manhattan after several competing bids were scrapped. Bally's proposes a $4 billion casino at Ferry Point in the Bronx tied to a $115 million contingent payment related to prior operating rights. A proposed $8.1 billion Hard Rock casino at Citi Field would add a performance venue, hotel, and retail. Resorts World plans to invest over $5 billion to expand Aqueduct into a full casino with hotel, dining, and entertainment. Licenses are expected before year-end and revenues are factored into the state budget, with roughly $7 billion projected over ten years and funds expected for transit.
Read at Fast Company
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