Eight bidders have submitted formal applications for three private casino licenses in the New York City area, marking a competitive push to establish new gaming resorts after a 14-year process. The proposals include notable locations such as Times Square, Citi Field, Coney Island, The Bronx, Hudson Yards, Kip’s Bay, and Manhattan. Key applicants include MGM Resorts International for Yonkers, Caesars in partnership with Roc Nation for Times Square, Steve Cohen with Hard Rock for a Metropolitan Park casino in Queens, Bally’s for a $4 billion resort in The Bronx, and Mohegan for Kip’s Bay. Jay-Z and Nas have also placed bids for casinos in NYC. The bids highlight ambitious development plans featuring housing, green space, and projections of billions in gambling revenue. One proposal from Steve Cohen and Hard Rock projects $33.5 billion in total tax revenue over 30 years, according to a third-party gaming industry advisory firm. Bally’s detailed its $4 billion Bronx resort plan, while Resorts World NYC and MGM Resorts International are considered likely to secure two of the licenses. The New York State Gaming Facility Location Board confirmed receipt of the eight applications, which include The Avenir and Freedom Plaza in Manhattan as well. These developments suggest the new casinos could become among the most lucrative resorts globally.
New York City casino bidders have released projections suggesting their resorts could be among the most lucrative in the world https://t.co/H3TaSwpjyo
IN PHOTOS: Designs released by Therme Canada show their most detailed plans yet for Ontario Place https://t.co/aLHnWWLMQV
Jay-Z and Nas have separately place bids for casinos in NYC and @lorenlorosa has the latest! https://t.co/9D2SrgBomv