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Queens Chronicle

Resorts World hotel set to open by summer

Rush to finish in case Gov. Cuomo okays full-scale casino next year

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Posted: Thursday, November 7, 2019 10:30 am | Updated: 1:04 pm, Fri Nov 8, 2019.

Construction of a new, gleaming hotel at Resort World Casino in South Ozone Park is racing along, ahead of schedule.

The exterior of the $400 million hotel is completed and officials say it will be ready to open sometime this summer, slicing nearly six months off the expected completion date.

Last March, the casino’s owner predicted it would not be ready until around Christmas 2020.

Once finished, the 400-room hotel will nearly double the size of the operation, add four top-end restaurants, enough a conference space to attract needed convention business and create an estimated 1,000 new jobs.

“We are excited about the progress of our new play, stay, dine and shop development, which will soon offer visitors an unparalleled experience in the heart of Southeast Queens,” said Scott Molina, president of Resorts World Casino New York City.

“This entertainment and hospitality destination will also create good-paying jobs and generate significant revenue for the surrounding community, as well as New York State’s education fund.”

The push to complete the hotel over the winter coincides with the opening of state budget season in Albany, when the gaming industry expects the pressure to fall on Gov. Cuomo to approve full-scale casino-style gambling for Resorts.

Currently, it is permitted only video gaming.

The state has a moratorium on any new full-scale casinos until 2023, when it is scheduled to grant up to three more licenses.

Only four casinos in upstate New York are permitted to have table games now.

Urging Cuomo to step up the schedule and grant it an expanded license now, Resorts estimates full-scale gaming in three casinos could generate an extra $1 billion to help balance the state’s precarious budget.

Cuomo last year rejected the idea of granting expanded licenses early.

Gambling revenues at Resorts have held steady since 2015, when an average $1.7 billion a month was being wagered there.

The addition of 1,000 video machines dedicated to Nassau County's Off Track Betting Corporation but leased and operated by the casino has helped maintain revenues, and even given the casino a 3 percent boost so far this year.

Last March, Resort World had its highest monthly volume at $1.886 million.

 

UPDATE

This article was updated Nov. 8 at 1 p.m. to reflect the addition of new revenues from Nassau OTB. 

 

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