Major Casino Expansion in NYC
Resorts World New York City is pushing forward with its ambitious $5.5 billion redevelopment by adding 1,400 new slot machines. This enhancement to its gaming floor marks the property’s evolution as New York City’s first complete commercial casino.
Phase Two Groundbreaking Ceremony
Today, a ceremonial groundbreaking signals the commencement of Phase Two, featuring a 400-room hotel tower and a 7,000-seat entertainment venue addition. This next stage underlines the commitment to transform the facility into one of the largest of its kind in the United States.
Popularity of Slot Machines
Since becoming a full-scale casino, slot machines have seen notable popularity, generating $230 million in gross gaming revenue over an initial 11-week period. Resorts World attributes this success to their effective market positioning.
Table Games Gain Momentum
Live table games have seen a significant growth in revenue, doubling since their introduction. Recent figures show that weekly table gaming revenue escalated from $4.9 million to over $10.4 million. Notably, slot machines maintained steady revenue within the $20 million to $22 million range concurrently.
Other Casino Developments
Other local projects, such as Bally’s Bronx and Metropolitan Park, continue progressing. Bally’s has moved forward with site acquisitions and applications, while Metropolitan Park navigates early construction hurdles, targeting a 2030 launch.
Conclusion
Resorts World NYC’s ongoing expansion and development efforts highlight the significant growth of the gaming industry in the area. The casino’s dedication to enhancing its facilities promises to solidify its status as a pivotal entertainment destination.