Summary
Three new casino licenses were approved in New York City, involving partnerships with Steve Cohen and Hard Rock International, Bally's Corp., and Genting Group. These projects are expected to bring significant investment, increase state income, and create many jobs.
Key Facts
- Three new casinos got approval from the New York Gaming Facility Location Board.
- The projects involve New York Mets owner Steve Cohen and Hard Rock International, Bally's Corp., and the Genting Group.
- The casinos will be located in Queens and the Bronx.
- Cohen's casino will be near Citi Field in Queens.
- Bally's Corp. will build their casino on a former golf course in the Bronx.
- Genting Group plans to expand a casino next to the Aqueduct Racetrack in Queens.
- The casinos are expected to generate large private investments and significant state revenue.
- These projects will likely create thousands of jobs in New York City.
