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NY gives final approval to three NYC casinos, but with a warning

Téa Kvetenadze, New York Daily News on

Published in Business News

The die is cast, with New York City getting three outer-borough casinos after a pivotal final vote Monday.

In an expected move, the New York State Gaming Commission decided to grant licenses to the single Bronx and two Queens applications during a meeting at Riverbank State Park in Manhattan. The winners are Genting Group’s existing Resorts World racino in Jamaica, Mets owner Steve Cohen’s Metropolitan Park near Citi Field and Bally’s Bronx at the golf course in Ferry Point Park.

Monday’s decision was the culmination of a yearslong battle between some of New York’s biggest power players to procure a downstate casino license, a process that sparked broad debate and controversy. It comes after the state’s Gaming Facility Location Board voted to approve the three surviving projects early this month, which had been whittled down from eight original applications by a series of local panels.

The applicants have all, to varying degrees, promised millions in tax revenue, thousands of new jobs, infrastructure improvements and community investments — pledges regulators say they will watch closely.

“You all have an important charge ahead of you, along with great responsibility, and you can be assured that this commission takes our responsibility in keeping your feet to the fire very, very … with great respect,” chair Brian O’Dwyer said.

A monitor will report to the panel on a quarterly basis on the casinos’ progress in keeping said “wonderful promises” to their respective communities over the next five years, he added.

“Today’s vote by the New York State Gaming Commission is the culmination of a multi-year, community-driven process to ensure that casino licenses were only awarded to proposals that had local support, clear community benefits and sustainable economic plans,” Gov. Kathy Hochul said following the vote.

“The three approved casinos will generate billions of dollars for the MTA and education, create tens of thousands of jobs and deliver real benefits to their surrounding communities. Each of the projects made significant commitments to their communities and to New York State, and the Gaming Commission was clear that they will hold these projects accountable and make sure they keep their promises. That is what New Yorkers expect and what they deserve.”

 

Throughout the casino application process New Yorkers have expressed concerns about the potential consequences on public safety, health and infrastructure. Critics have pointed out that other casinos around the country have failed to deliver on their promises.

Metropolitan Park in particular has been met with considerable local pushback, and protesters shouted “Shame on you! Hochul must go!” and “We will see you in court!” after its approval Monday.

But that did little to dampen Cohen’s spirits.

“Since the day I bought the team, the community and Mets fans have made it clear to me that we can and should do better with the area around the ballpark,” the billionaire said in a statement. “Now, we are going to be able to deliver the sports and entertainment district that our fans have been asking for.”

The Bally’s project means a $115 million payout to the Trump Organization, which previously managed the Bronx site.

Resorts World was viewed as the easiest sell of the three given its established presence, and is expected to open as a full-fledged casino next spring.

“Resorts World New York City thanks the New York State Gaming Commission for today’s final approval,” said Robert DeSalvio, President of Genting Americas East. “We look forward to opening within months as New York City’s first full commercial casino.”


©2025 New York Daily News. Visit at nydailynews.com. Distributed by Tribune Content Agency, LLC.

 

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