NYC official will ‘guess’ both Queens casinos get – Business News
Queens Borough President Donovan Richards predicted both deliberate casinos within the World’s Borough will get licenses when bidders face a make-or-break vote on Monday.
“I feel confident. I feel bullish. Bet on Queens,” Richards stated Sunday, a day earlier than the New York Gaming Facility Location board is set to determine whether or not to problem up to a few downstate on line casino licenses — with two bidders pitching places in Queens.
“Why go to Manhattan? You can stay in Queens! Queens becomes a global entertainment hub,” Richards stated.
Illustration of Resorts World on line casino at Aqueduct Racetrack in Queens, New York. AP
New York Mets proprietor Steve Cohen is main a group that wishes to construct a gaming advanced close to Citi Field whereas Genting’s Resorts World is bidding for a on line casino at Aqueduct race monitor.
Bally’s can also be bidding for a on line casino advanced at Ferry Point, President Trump’s former golf course in The Bronx.
The proposed $8 billion Cohen-Hard Rock Metropolitan Park on line casino advanced can be a vacationer magnet and an financial multiplier subsequent to the US Tennis Center, new soccer stadium and the Mets home stadium, Richards stated.
He stated Resorts World, which has operated a slots parlor for more than a decade, can offer reside desk video games within months as a result of they have already got the space to take action. The expanded advanced with group advantages is value $7.5 billion.
Both bidders will construct live performance halls for added leisure.
“I feel confident. I feel bullish. Bet on Queens,” Richards stated. Gabriella Bass
The proposed $8 billion Cohen-Hard Rock Metropolitan Park on line casino advanced can be a vacationer magnet. Hard Rock International
Both websites are close to the borough’s two airports — Metropolitan Park close to LaGuardia and Resorts World close to Kennedy.
Meanwhile, Bally’s $4 billion bid has sturdy assist from the Bronx Democratic Party elected officers, although it has confronted some stiff neighborhood opposition.
Bally’s chairman Soo Kim informed The Post Saturday he believes his possibilities of scoring a license “looks pretty good.”
“We put our best effort out there,” he stated. “I don’t think we have any weak spots.”
New York Mets proprietor Steve Cohen (left) is main a group that wishes to construct a gaming advanced close to Citi Field. James Keivom
Bally’s acquired the golf course at Ferry Point from the Trump Organization in 2023, and it’s now known as Bally’s Golf Links at Ferry Point. It is on the Bronx aspect of the Whitestone Bridge that connects with Queens.
As half of the deal, Bally’s agreed to supply the Trump Organization an extra $115 million — if it wins a on line casino license.
The Gaming Facility Location Board is evaluating every project based mostly on standards set in state law. Economic exercise and business development accounts for 70% of the grade, 10% for location website affect — and 20% combines for workforce enhancement and variety framework.
Casino candidates every need to pay $500 million license charges to operate – which might go into the cash-strapped state’s coffers — as properly decide to not less than $500 million in capital investments on their tasks.
Some of the proceeds from gaming operators will help fund mass transit.
Bally’s agreed to supply the Trump Organization an extra $115 million — if it wins a on line casino license. James Messerschmidt
A pool of what was as soon as 11 bidders has dwindled to a few – however there’s no guarantee every of the survivors will get licenses as a result of the five-member board doesn’t must award any.
But many Albany insiders stated the speedy money from the licenses will spur the state to award as many as 3.
The state Gaming Commission will have closing say, ratifying or rejecting the awards made by the siting board by yr’s finish.
