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  #281  
Old Posted Jul 12, 2016, 4:37 PM
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Positioning themselves to become one of the full casino-resorts in the NYC area, Genting readies the first plan for expansion...



http://www.wsj.com/articles/resorts-...ion-1467766204


Resorts World Casino Plans $400 Million Expansion
Proposal at Aqueduct Racetrack in Queens would bring new hotel complex, more lottery machines; state’s approval needed



By HANNAH FURFARO
July 5, 2016


Quote:
Resorts World Casino at Aqueduct Racetrack in Queens wants to spend an estimated $400 million to add 1,000 video-lottery terminals and build a new hotel and convention complex.

The proposal includes adding a 400-room hotel, a 20,000-square-foot spa and resort, at least 140,000 square feet of convention and meeting space, plus additional room for food, retail and casino expansion.

The plan, which would expand the Resorts World Casino footprint at Aqueduct by an estimated 750,000 square feet, was outlined June 27 to the New York state Franchise Oversight Board by Resorts World Casino President Ryan Eller.

If all goes to plan, Mr. Eller told the board, the complex would open in April 2019.

The additional video-lottery terminals would come on top of the 5,500 electronic gambling machines of varying types already at Resorts World.

A spokesman for Resorts World said the expansion would be built on the west side of the existing casino, a space now covered by a parking lot.

Aspects of the project require approval from the Franchise Oversight Board, which represents the state of New York in real-estate developments that involve the Aqueduct and Belmont racetracks, and from the New York state Gaming Commission.

The proposed venture at Aqueduct is rooted in a move this spring by lawmakers to include a budget line letting Resorts World Casino host 1,000 video-lottery machines that were originally to be installed at a proposed gambling parlor in Nassau County.

.....In the less than five years since the Resorts World Casino at Aqueduct opened, it has generated $1.5 billion toward the state’s education fund, said Michael Levoff, Genting senior vice president of public affairs.


http://www.timesledger.com/stories/2...6_07_08_q.html

Resorts World Casino plans huge expansion





By Patrick Donachie


Quote:
Resorts World Casino New York is proposing a massive expansion to its site at the Aqueduct Racetrack that could cost anywhere between $300 million and $500 million. The expansion would include a new hotel, meeting areas and other amenities.

The project is currently in the pre-development stage, but Resorts World is hoping to break ground on the new facilities and improvements by fall of this year, a spokesman for the company said. Michael Levoff, the senior vice president of public affairs for Genting Americas, the owner of the casino property, said the new construction would lead to an eventual boon for New York’s education system, which receives funds generated by casino revenue.

“This new expansion, and its corresponding increase in visitation to our facility, will result in a boost in revenue for both New York’s education fund and the state’s horse racing industry—while also acting as a catalyst for additional economic development in our local Queens community,” he said. “Beyond providing additional revenue, this expansion will also add approximately 1,500 good-paying careers for New Yorkers and thousands of construction jobs.”

The proposed expansion would take place on the west side of Resorts World Casino. The area currently includes only parking, so construction will not significantly disturb the day-to-day operations of the casino. Future amenities were also being considered, including additional hotels, an entertainment venue and more retail space.

State Sen. Joseph P. Addabbo, Jr. (D-Howard Beach) said he was optimistic about the potential expansion from what he had heard and looked forward to hearing more details about the proposal.

“Whenever we look at something this large, you need to look at the details, but I immediately saw jobs,” he said. He also liked the fact that the new amenities would not be solely related to casino-related activities.

“You don’t have to be a gambler or a gamer. There will be a spa, more food. There’s something hopefully there for everyone,” he said. “It becomes a destination where Resorts World can look at a customer and instead of hours spent there, they can look at days spent there.”
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  #282  
Old Posted Sep 10, 2017, 2:25 AM
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http://qns.com/story/2017/07/14/reso...th-ozone-park/

Resorts World Casino to begin $400M expansion to add 400-room hotel in South Ozone Park


Quote:

Queens’ only casino will be building brand new amenities for the over 10 million annual visitors to Resorts World Casino New York City in South Ozone Park
as they broke ground on a $400 million expansion project on Thursday, July 13.

Excitement was in the air as members of Resorts World, including President Scott Molina, and elected officials from across the borough gathered outside
the casino, located at 110-00 Rockaway Blvd., for the honorary groundbreaking ceremony commemorating the expansion that will bring a 400-room four-star hotel,
four new dining outlets including a signature restaurant concept by a celebrity chef, new retail offerings, a new arrival experience, and, of course, new games.


















http://www.cgarchitect.com/2017/02/r...sino-new-york2



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  #283  
Old Posted Oct 3, 2017, 2:53 AM
aquablue aquablue is offline
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Casinos are death traps. I'd rather them have built the convention center here and not this temple of vice. It looks like something you'd see in Vegas, a bad precedent for NYC.
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  #284  
Old Posted Mar 21, 2019, 4:20 AM
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https://www.nytimes.com/2019/03/20/n...-gambling.html

Could New York City Get Real Casinos? State Leaders Are Listening




The Resorts World Casino at Aqueduct Racetrack, which operates video lottery terminals that resemble slot machines, is seeking to become a full casino with table games and actual slot machines.


By Jesse McKinley
March 20, 2019



Quote:
With New York’s upstate casinos struggling, some state officials are considering the once unthinkable: putting casinos in New York City itself.

Representatives from major gaming companies have been meeting this week with lawmakers in Albany, including the Assembly speaker, Carl E. Heastie, to push a proposal to open as many as three full-fledged casinos in the New York City area.

They say that such a move could provide the state hundreds of millions of dollars each year in new revenue and create thousands of new jobs, an argument that has been given extra heft by the collapse of the Amazon deal in Queens, and the ongoing effort to find a financial cure for the city’s decrepit subways.
Quote:
Under one proposal, Aqueduct Raceway on the Queens border with Long Island and Yonkers Raceway would be converted from so-called racinos into full gaming operations. In another, the state would open bidding for up to three casino licenses, clearing the way for a new gambling hub to be built elsewhere in New York City, likely outside of Manhattan.

The chairmen of the Assembly and Senate gaming committees have thrown their support behind the idea of bringing gaming to New York City. Gov. Andrew M. Cuomo has not closed the door altogether, but he has expressed deep skepticism about an accelerated plan to expand gambling in the state. The leader of the Senate Democrats, Andrea Stewart-Cousins, has not publicly stated a position about new casinos, but Mr. Heastie has been historically cool to the idea.
Quote:
The companies have proposed paying upstate casino operators about $100 million to counteract the loss of exclusivity — New York had agreed not to issue any more casino licenses until 2023. The three companies also have expressed a willingness to pay the state at least $500 million each to operate in the downstate market.

Assemblyman Gary Pretlow, a Democrat from Westchester County who leads the Racing and Wagering Committee, was impressed by the amount of money being floated — “They are offering $500 million each,” he said — adding that such a windfall could improve the state’s finances immediately. “It could go into this year’s budget,” he said.
Quote:
Mr. Cuomo has said he remained “dubious” of any plan to open new casinos before 2023, but he did not outright reject the possibility of expanding casino gambling, giving hope to plans like those backed by Las Vegas Sands....

Sands is seeking to open a new luxury casino in New York City, and the company has enlisted the former governor, David Paterson, to advocate on its behalf.

“I think, in an iconic city like New York, to have an iconic structure, would be another, really beautiful, tourism destination,” Mr. Paterson said in an interview
, adding that he wished someone had proposed it when he was in office and “we had a $21 billion deficit.”
Quote:
MGM Resorts, which owns Yonkers Raceway, and the Genting Group, a Malaysian-based conglomerate that runs the Resorts World racino at Aqueduct, have stressed the speed with which they could transform their current operations in Yonkers and at Aqueduct Racetrack into full-fledged casinos, arguing they could be up and running within months, as opposed to the years it might take for an outside company to start from scratch.

“Resorts World is a proven operator ready to move immediately once given the authorization,” said Michael Levoff, a spokesman for the Genting Group, noting that the Aqueduct casino had been operating in Queens for seven years, and generated “over $2 billion in much-needed revenue.”
Quote:
Sands, meanwhile, seems to be banking on the appeal of construction and other union-friendly jobs. The company is already negotiating agreements with at least two major unions, including the Building Construction and Trades Council, whose president was one of the authors of an op-ed in early March that advocated for an expansion of casinos downstate as a way to provide “new revenue to improve public transit service, fund public education, and other New York priorities.”

The argument in favor of expansion was echoed in a letter sent to Mr. Cuomo by the Business Council of New York, a frequent ally of his, arguing that it would add up to “$1.5 billion in much-needed immediate revenue,” though the Council said it was opposed to the idea of “any quick-fix approach to convert existing racinos.” The process, it said, should be opened to bidding.
Quote:
The appeal for the casino companies is clear: untold numbers of potential customers, including the 65 million tourists who come to New York City every year.

“You’ve got massive population, not only in New York but in surrounding states,” said Ron Reese, a spokesman for Sands. “And that’s really what drives the success of these multibillion dollar casino resort properties.”

Indeed, Mr. Cuomo characterized a New York City casino as “the golden franchise” for gaming.

“If you were to go there, and I’m not even sure I would go there,” the governor said, about such a plan, “it would have to be through a competitive bidding process, so we made sure New Yorkers got the best price.”
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #285  
Old Posted Mar 23, 2019, 6:59 PM
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They need to build a huge casino hotel in Hells Kitchen.
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  #286  
Old Posted Mar 24, 2019, 4:38 AM
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Quote:
Originally Posted by BBMW View Post
They need to build a huge casino hotel in Hells Kitchen.
Manhattan doesn't need a casino. Maybe it's time to put one in Coney Island as a draw and anchor to the planned indoor amusement district. I never understood Cuomo's logic of opening the upstate casinos first.



https://www.bloodhorse.com/horse-rac...no-at-aqueduct

Resorts World Pushing for Full Casino at Aqueduct
New York governor says racino at Aqueduct would have to compete for license.


By Tom Precious


Quote:
New York Gov. Andrew Cuomo appeared March 19 to reject efforts by two downstate racinos, including one at Aqueduct Racetrack, to be tapped by the state as full-blown casinos without having to go through a competitive bidding process.

"I am very skeptical about some casino deal put together by casino operators promising billions of dollars and everybody is happy,'' Cuomo told reporters at the New York state Capitol.

The governor's comments came as executives at Genting, operators of the Resorts World racino at Aqueduct, along with MGM Resorts, the new owners of the harness track and racino in Yonkers, have stepped up lobbying efforts to expand casino licensing authority to downstate New York locations.
Quote:
The state in 2014 awarded casinos to four upstate locations, which have struggled to meet revenue projections since they've opened. As part of the deal, which was crucial for all or most of them to obtain financing, the state agreed to a moratorium on any further casino licenses being given until 2023.

But with state officials trying to put together a new 2019 state budget, which is desperate for new revenue sources if legislators' spending plans are to be met, gambling interests have descended upon Albany, N.Y., seeking to undo the 2023 casino licensing moratorium. The state has three licenses left that it can hand out under the terms of a 2013 law, and all three would be—given the downstate population density and the upstate gambling saturation—centered in and around New York City.


https://www.democratandchronicle.com...es/3201551002/

How the pitch for New York City casinos could save the upstate ones

Joseph Spector
March 18, 2019


Quote:
Perhaps only in New York could more casinos be viewed as a lifeline for the struggling ones in upstate.

Powerful downstate casino giants have privately made the pitch to the four upstate casinos and state leaders that lifting a moratorium on New York City-area gambling licenses could be the bailout the upstate ones need to survive.

If the state were to drop its ban on new casinos before 2023, the New York City-area casino developers are each offering $500 million to the state for casino licenses, as well as offering to pay the fees that would be owed to the upstate casinos if the ban is lifted.

Not only that, the new revenue from the downstate casinos could allow the state and upstate casinos to renegotiate their tax rates because the industry as a whole would be bringing in more revenue for the state, the casino hopefuls have argued.

Sands wants a foothold in New York City, while MGM wants a casino license for its newly purchased Empire City Casino in Yonkers, and Genting wants one for Resorts World New York City in Queens.

The three casino companies have been working the halls of the state Capitol in recent weeks promising heavy investment in the state if the ban on new casinos in New York is lifted.
Quote:
But Gov. Andrew Cuomo and legislative leaders have been leery of lifting the moratorium, which was put in place in 2014 to give four upstate casinos an opportunity to build their businesses before any new ones were opened.

The state Legislature would need to pass a bill to open the bidding for new casinos or at least direct regulators to allow Empire City and Resorts World the right to upgrade from a racino with video-lottery terminals to full-scale casinos with table games and sports betting.

"We are simply having discussions about how to maximize the value in existing gaming assets in downstate," said Michael Levoff, senior vice president for public affairs at the Genting Group.
Quote:
In Yonkers, local leaders are largely supporting MGM's push for a casino license after buying the venerable racetrack and racino for $800 million from the Rooney family in January.

"We’re just kind of educating people on the vision we have for the property," Uri Clinton, Empire City president, said last week.

Sands is making a separate push too: It wants an open bidding process for any new downstate casinos, not simply awarding license to the two existing racinos — Empire City and Resorts World New York City.

The upstate casinos were competitively bid.



https://qns.com/story/2019/03/20/ozo...leted-in-2020/

Ozone Park’s Resorts World Casino New York City $400 million expansion slated to be completed in 2020





By Carlotta Mohamed
March 20, 2019


Quote:
“We are excited to work with Plaza Construction to bring to life our vision for an unrivaled entertainment and hospitality destination in southeast Queens,” said Scott Molina, president of Resorts World Casino New York City. “This new play, stay, dine and shop development will create good-paying jobs and generate significant revenue for our surrounding community and New York state. We are grateful to our local partners for their steadfast support as we prepare for phase two of our facility.”
Quote:
Overall, the 500,000-square-foot addition is expected to create 1,000 new construction jobs.

Work has already progressed to the second floor, and the first part of the expansion is set to open later this summer, according to Resorts World Casino. Perkins Eastman is designing the new phase while Cosentini Associates is the MEP engineer. DeSimone is the structural engineer and Langan is the civil engineer.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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