Resorts World casino opens in New York City
Resorts World, a Malaysia-based company, opened New York City's first full-scale casino with live table games on Tuesday.Summary
New York City has officially welcomed its first full-scale casino with live table games, operated by Resorts World, a subsidiary of the Malaysia-based Genting group. The casino, located adjacent to the Aqueduct Racetrack, secured one of three new state licenses after beating out major competitors like Wynn Resorts and MGM Resorts. The opening, celebrated with a ceremonial dice roll by rapper Nas and borough president Donovan Richards Jr., has already created over 1,200 jobs and is building a city-first sportsbook. While the project is expected to generate significant tax revenue and economic activity, it has also drawn criticism from locals concerned about potential increases in crime and traffic. The casino operates under a city monopoly with a 63% tax rate on slots revenue and 30% on table games, a rate that will eventually lower to match competitors once they launch.
(Source：CNBC)