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Queens Chronicle

Resorts World Casino New York City holds first anniversary party

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Posted: Thursday, October 25, 2012 5:21 pm

Slicing into a cake shaped like its colorful building, management and staff from Resorts World Casino New York City celebrating the entertainment venue’s first birthday Thursday.

The casino at Aqueduct Racetrack opened Oct. 28, 2011, a decade after slots were approved at the site by the state Legislature.

After three failed bid processes, Genting, a Malaysian-based company, won the bid, broke ground in October 2010 and opened a year later. Now, after 12 months in business, the casino is boasting its record as the most profitable on the East Coast, raking in more than $635 million in profits in its first year, nearly $450 million of which went to education.

“While we never doubted this would be a successful venture, not only for Resorts World Casino New York City, but for the Queens community and New York State, we have far exceeded expectations,” said Michael Speller, president of Resorts World, at the first anniversary celebration on Thursday.

Hosted by Cat Greenleaf, star of the NBC show “Talk Stoop,” the event also featured a performance by a dancer from the China Disabled People’s Performing Art Troupe and presentation of checks to representatives of the 37 local organizations that received a combined $500,000 from Genting’s charity organization, Genting Gives.

The money comes on top of the $175,000 the company has already given out. As part of its agreement with the state to operate the casino, Genting is required to give 1 percent of its annual profits to the community. Speller said he was “thrilled” to be able to give that money out on Thursday.

“Going forward we’ll continue to do that and we’ll identify as we go forward who those recipients will actually be and we’ll do it every year,” he said. “Whether it’ll be on an annual or quarterly basis, we haven’t finalized that.”

Speller said there was a committee that convened and looked over the requests and community relationships of the organizations which came requesting some of that money.He said the group looked especially at the local aspect of the organizations and how they serve the communities around the casino.

Resorts World also handed big checks to State Lottery Commissioner Robert Williams and Racing and Wagering Board Chairman, — and former Queens state senator — John Sabini with the total money given to the education fund and the New York Racing Association respectively.

The celebration also included best wishes from a number of local officials including Rep. Greg Meeks (D-Jamaica), Borough President Helen Marshall, state Sen. Joe Addabbo Jr. (D-Howard Beach), Assemblyman Phil Goldfeder (D-Far Rockaway) and Community Board 10 Chairwoman Betty Braton. Resorts World employee Eric Rodriguez, who has worked for the casino since its opening, also shared a few words on his experience as an employee.

As far as the casino’s second year, Speller said he expects to business to continue to be strong and announced that the long-awaited subway link to the A train will open next month. The enclosed walkway connecting the casino to the subway is completed and workers are putting the final touches on the station itself.

Speller also pointed out that the casino is running shuttles to Jamaica station and buses from the four Chinatowns in New York City; Manhattan, Flushing and two in Brooklyn.

Welcome to the discussion.

1 comment:

  • RayfromNY posted at 9:27 am on Fri, Oct 26, 2012.

    RayfromNY Posts: 0

    More than 100 years ago gambling, especially organized gambling was legal in every state. Slowly but surly, every state realized the social consequences of gambling was just too much and slowly every state banned gambling. For a very long time, gambling was confined to isolated places such as Las Vegas. Back then, those who went there had the means to do so.
    Then, some progressive politicians ( liberals) thought it would be a good idea to make state sanctioned gambling legal everywhere. Jobs, revenue,etc, etc. But there are still social consequences and gambling costs those states and communities more than they could possibly bring in in added revenue, As an example, eight years after casino gambling was made legal in Michigan, here were the results.
    Michigan realized $1 billion in increased revenue, but the social cost to the state came to $3 billion.

    1. All around these casinos the first businesses to die are as follows:
    Retailers of big ticket items from cars, boats even appliance stores.
    Mom and pop dinner and family owned restaurants.
    Assorted small businesses.
    The biggest growth industry around casinos? Pawn shops.

    2. Speaking about pawn shops; a wife comes home and declares she has lost her diamond engagement ring. Fortunately, it was insured and the husband files a claim and recovers the loss. Six month later, the police arrive at the house and arrest the wife. She had gone to a casino and lost a great amount of money and she pawned her ring. The insurance company tracked down the ring and reported, the suspected insurance fraud to the police. The police investigated and after verifying the facts came and arrested the wife. Wife was prosecuted and convicted and went to jail.
    Overall cost to the state, (police and judicial system) more than ten times the amount she lost gambling and 500+ times more than the state would realize in increased revenue from her gambling loses. The state was the biggest loser here.
    This happens all the time.

    3. Before casino gambling, Michigan had just one Gamblers Anonymous chapter in state. Now there are 39 chapters, of which 21 are within the Detroit metro area, which also has the greatest number of poor people.

    4. State sponsored gambling (state lotteries) target the poorest in our society. Just a few dollars is spent to target people living in affluent areas, where in poor areas the advertising is everywhere. On average, poor people spend a greater percentage( by a factor of ten) of their precious few dollars on gambling than the wealthy.

    5. Mom drives her children to school at 8am then drives to the remote corner of a mall parking lot which does not open until 9am. She then kills herself. Why?
    She had become addicted to gambling. For months she had been using household money to gamble. She was responsible for paying all the bills. She had systematically covered her tracks by writing in the check book checks issued for the mortgage, utilities and credit cards. None of these checks were ever written. She intercepted all the mail and the husband had no idea.
    On the day she died, the authorities were coming to the house. The wife never got the big pay off she hoped for. She could not hide anything after that day and she had no way out, except to take her own life. (Hope you were not waiting for a happy ending ?)

    6. Aid to dependent children. Welfare paid to families to feed their children, pay rent or whatever because the parent(s) have lost their savings/ income gambling.
    $1,000,000,000,000 (trillion) a year is now spent on welfare. I am sure a lot of that goes to feeding children whose parents/guardians have lost money gambling.
    7. The gambling industry creates nothing. Let me repeat that, the gambling industry creates NOTHING and never will. It is nothing more than net loss for the people, the community, the city, the state and the nation.
    How proud would you be if your children or grandchildren came to you and told you that when they grow up they wanted to be a Black Jack dealer? Gag me.
    I could go on, but you get the idea, I hope.