Resorts World Casino New York City has generated more than $105 million for the state lottery’s education fund since the South Ozone Park facility opened at the end of October, according to a report released this week.
Resorts World gives 44 percent of its earnings to the fund as part of an agreement reached with the state.
“Improving our education system has been a primary goal from the very beginning of the video lottery program,” said Michael Speller, president of Resorts World Casino New York City. “We are proud that our partnership with the state has proven so fruitful for New Yorkers.”
The latest figures were published in the state’s lottery report that was released on Monday, and which Speller said confirms “the tremendous potential of large-scale development projects in Queens.”
The funds can be used for a variety of different items in state education, but casino officials emphasized that the money their facility generated is roughly equivalent to the annual salaries of 2,300 new teachers.
“With education budgets consistently tightening, this revenue will allow for students throughout New York City and state to continue to earn a high quality public education,” the company said.
Blackjack21 posted at 7:29 pm on Fri, Mar 30, 2012.
And it is a non-smoking casino, which is good news for people who like to breathe.
When Rhode Island and other states say they are losing money to Resorts World NYC, let's be clear that these are smoking casinos losing money to a non-smoking casino.