{"id":10047,"date":"2025-11-04T02:26:29","date_gmt":"2025-11-04T02:26:29","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/11\/04\/resorts-world-nyc-promises-2-5b-for-mta-if-granted-casino-license\/"},"modified":"2025-11-04T02:26:29","modified_gmt":"2025-11-04T02:26:29","slug":"resorts-world-nyc-promises-2-5b-for-mta-if-granted-casino-license","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/11\/04\/resorts-world-nyc-promises-2-5b-for-mta-if-granted-casino-license\/","title":{"rendered":"Resorts World NYC Promises $2.5B for MTA if Granted Casino License"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/igaming.org\/casino-news\/resorts-world-updates-new-york-casino-application-showcasing-its-ambition\/\">Resorts World New York City<\/a> has unveiled new economic projections showing it could contribute more than $2.5 billion to the Metropolitan Transportation Authority (MTA) over the next four years \u2014 if it secures one of New York\u2019s three upcoming casino licenses.<\/p>\n<hr>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Resorts World NYC plans $600M in upfront licensing fees and $1.9B in MTA tax payments.<\/strong><\/em><\/li>\n<li><em><strong>The operator expects to be fully operational by March 2026.<\/strong><\/em><\/li>\n<li><em><strong>MGM Yonkers has withdrawn its license bid, leaving Resorts World as the only active downstate casino operator.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>The projections come as the New York Gaming Facility Location Board moves closer to awarding three new full-scale casino licenses by December 1.<\/p>\n<h2>A Project Framed as City Infrastructure Support<\/h2>\n<p>Genting Americas East President Robert DeSalvio said the proposal is about more than gaming revenue:<\/p>\n<p><em>\u201cThis is not just a casino expansion. It\u2019s a transformative economic development project that will keep New York City moving in every way. Resorts World New York City is the only bidder who can deliver a steady flow of new revenue for the MTA starting in 2026. This is a promise to the MTA and the people who rely on it that we are here to provide support.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>According to the company\u2019s estimates, the contributions would include a $600 million upfront license fee and $1.9 billion in tax payments to the MTA through 2029 \u2014 exceeding the agency\u2019s current forecasted contributions of $1.8 billion.<\/p>\n<h2>Funding Breakdown and Economic Reach<\/h2>\n<p>The MTA\u2019s casino-related revenues are currently budgeted at $500 million in 2026, another $500 million in 2027, $600 million in 2028, and $200 million in 2029. Resorts World\u2019s projection would surpass those totals, fueled by its ability to launch operations just three months after licensing.<\/p>\n<p>If approved, Resorts World New York City would not only fund transit infrastructure but also channel $2 billion toward public education and $500 million to the New York Racing Association (NYRA). These commitments highlight the operator\u2019s aim to position itself as a long-term contributor to the state\u2019s social and economic development.<\/p>\n<h2>The Only Active Downstate Contender<\/h2>\n<p>Following MGM Yonkers\u2019 <a href=\"https:\/\/igaming.org\/casino-news\/mgm-drops-yonkers-casino-proposal-on-deadline-day\/\">withdrawal<\/a>, Resorts World New York City stands as the sole operating casino in downstate New York. Its existing facility at Aqueduct Racetrack already employs thousands of workers and generates hundreds of millions in tax revenue annually through video lottery terminals.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The operator argues that this head start gives it a decisive advantage in delivering near-term financial returns to the state \u2014 particularly as it can begin full operations by early 2026 without the long construction delays new entrants would face.<\/p>\n<p>Resorts World\u2019s plan ties directly into New York\u2019s broader funding challenges, especially for the MTA, which continues to face post-pandemic ridership losses and financial strain. By pledging billions in tax and licensing revenue, the operator frames its bid as a solution to both urban infrastructure needs and education funding gaps.<\/p>\n<p>If the state gaming board selects Resorts World, the property would become the only full-scale commercial casino operating within New York City limits \u2014 transforming its existing racino into a destination resort with expanded table games, hotel capacity, and entertainment offerings.<\/p>\n<hr>\n<h2>FAQ<\/h2>\n<h3>What makes Resorts World New York City\u2019s proposal different?<\/h3>\n<p>It\u2019s the only bid promising immediate revenue flow to the MTA, backed by an already operational site ready to expand by 2026.<\/p>\n<h3>How much would the MTA receive under the plan?<\/h3>\n<p>The operator projects $2.5 billion in combined licensing and tax payments through 2029.<\/p>\n<h3>What other sectors benefit from the plan?<\/h3>\n<p>Public education would receive $2 billion, and the New York Racing Association $500 million.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/resorts-world-nyc-promises-2-5b-for-mta-if-granted-casino-license\/\">Resorts World NYC Promises $2.5B for MTA if Granted Casino License<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Resorts World New York City has unveiled new economic projections showing it could contribute more than $2.5 billion to the Metropolitan Transportation Authority (MTA) over the next four years \u2014 if it secures one of New York\u2019s three upcoming casino licenses. Good to Know Resorts World NYC plans $600M in upfront licensing fees and $1.9B [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-10047","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/10047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=10047"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/10047\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=10047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=10047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=10047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}