INSIGHT US OPERATIONS


NYC Pitch Front Runners


A casino in New York City could generate as much as $2bn in revenue annually and $600m in operating profit according to the commercial real estate services firm, CBRE. New York’s existing racinos are considered frontrunners in the process. Granting licences to the two would only necessitate raising their existing gambling options, putting Genting Group’s Resorts World New York City, Queens, and MGM Resorts


International’s Empire City Casino, Yonkers, in prime position.


With two of the three licences likely sewn up, it’s unsurprising little has been heard from either. Why say something when you can say nothing? MGM Resorts did provide a few details – if one can call them details – on a potential overhaul of its 97-acre Empire City Casino if the company earns the right to develop a full-scale gambling operation.


On an investors call, MGM Resorts’ CEO and President, William Hornbuckle, said: “We had hoped to invest up to a couple of billion in the first round to put us into the table games business, to expand some of the amenities and put in a much-needed parking garage there, to put an entertainment facility there and potentially some other things.”


EXPENSIVE PARKING


According to reports with the state’s Commission on Ethics and Lobbying in Government. Genting Group has spent at least $2.7m on firms to lobby for the expansion of the Resorts World facility it operates at the Aqueduct Race Track in Queens since last January — the most any bidder has shelled out.


Bally’s looked set to be a prominent player in the race after reaching a deal with the Trump


WIRE / PULSE / INSIGHT / REPORTS P31


Organisation last year to take over its public golf course next to the Whitestone Bridge. However, according to the New York Post the operator can’t get the Parks Department to move fast enough to approve the licence transfer. Te proposal to build a casino resort next to the Trump Organization’s public golf course at Ferry Point would create over 15,000 construction jobs and more than 3,500 permanent jobs.


Bally’s looked set to be a prominent player in the race


after reaching a deal with the Trump


Organisation last year to take over its public golf course next to the


Whitestone Bridge. However, the


operator can’t get the Parks Department to move fast enough to approve the licence transfer.


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