The New York State Gaming Commission has approved three major casino projects in Queens and the Bronx, including Bally's, Hard Rock, and Resort World, promising significant economic benefits, job creation, and funding for the MTA and education, after years of planning and approval processes.
Steve Cohen, Genting Group, and Bally's have been approved to operate casinos in New York City, with Cohen's project next to Citi Field in Queens set to include a casino, entertainment, and hospitality facilities, creating thousands of jobs and generating billions in revenue and taxes. The licenses mark the culmination of a decade-long process to expand gambling in the region, with significant economic and community impacts expected.
Developers bidding for NYC casinos are promising significant investments in community projects, housing, and local benefits, with bids including billions in funding and community reinvestment plans to gain local support amid opposition.