Overview
- Resorts World held a ceremonial groundbreaking Wednesday to start phase two of a $5.5 billion buildout that includes a 400‑room hotel tower and a 7,000‑seat multipurpose arena.
- The company reopened the casino’s first floor in July and added about 1,400 slot machines this month, lifting the property’s total to roughly 3,900 machines while live table games began in April.
- Genting says the resort has generated strong early revenue, reporting $170 million in taxes in its first 12 weeks of full operations and saying it led U.S. casinos in gross gaming revenue during that period.
- The expansion carries a suite of pledged public benefits, including a $2 billion community package, transit and education payments and workforce‑housing commitments, and Genting plans to use union labor and create thousands of jobs.
- Resorts World gains an early market edge because it converted an existing racino into the first full commercial casino in the city while competing downstate projects at Citi Field and Ferry Point remain years from opening.