News Summary
Resorts World New York City has unveiled plans for a transformative $5.5 billion integrated resort at the Aqueduct site. This development promises to feature vast gaming facilities, a luxurious hotel, a concert arena, and numerous dining options. It’s expected to create up to 24,000 jobs and generate substantial tax revenue, with the goal of significantly impacting the local economy in Queens. The project is poised to redefine entertainment in New York City and reflects a commitment to community development.
New York – Resorts World New York City (RWNYC) has announced a monumental $5.5 billion plan to develop the largest integrated resort in New York, set to transform the 73-acre Aqueduct site into a sprawling 5.6 million-square-foot entertainment hub. This ambitious project aims to captivate visitors and boost the local economy through various creative amenities and job opportunities.
Expected features of the integrated resort include a vast gaming hub with 6,000 slot machines and 800 gaming tables, a luxurious hotel offering 2,000 rooms, and a state-of-the-art 7,000-seat arena for concerts and events. Additionally, the development will boast more than 30 food and beverage outlets, a full-service spa, and over 12 acres dedicated to public green space, contributing to a well-rounded experience for visitors.
The project is projected to create up to 24,000 job opportunities, significantly enhancing employment in the Queens area. It promises to generate hundreds of millions of dollars in tax revenue for the state, solidifying its potential impact on the local and state economy. All necessary land-use approvals for the project have been granted, positioning RWNYC to begin construction as soon as the casino licensing process is completed.
The significance of this development extends beyond economic benefits. The president of Genting Americas East has highlighted the project’s potential to act as a “game-changer” for Queens, New York City, and the surrounding region. Since its establishment in 2010, Resorts World has contributed to local employment by providing 1,000 good union jobs and investing millions into community initiatives, thereby demonstrating a commitment to being a responsible neighbor in Queens.
Details regarding risk have also been addressed, with RWNYC’s Chief Legal and Strategy Officer describing the project as “almost risk-free” concerning its completion and operational viability. Such confidence is bolstered by Genting Group’s vast experience, operating at various eminent locations including Catskills, Hudson Valley, Las Vegas, and Singapore. This extensive operational history underlines the feasibility of the New York expansion amid ongoing advancements such as a $5 billion expansion at Resorts World Sentosa, which will introduce new luxury hotels and attractions.
The casino licensing process is regarded as a critical component that will unlock the economic potential of the Resorts World New York project. As this process moves forward, the community awaits the positive transformations anticipated from this large-scale development. The future of entertainment in New York City is set to be significantly redefined with the emergence of this integrated resort, paving the way for new experiences for both residents and visitors alike.
Resorts World New York City has positioned itself as a leader in the entertainment sector while establishing a reputation as a beneficial force within the local economy. With ongoing dialogue regarding leadership and business practices emphasized through initiatives like the CEO Spotlight series, the expansion of RWNYC promises to inspire professionals and entrepreneurs with valuable high-level insights. As the community looks toward this new frontier of entertainment and hospitality, the successful completion and operation of this integrated resort stand as a testament to the potential synergy between economic growth and community development.
Deeper Dive: News & Info About This Topic
- Audacy: CEO Spotlight – Robert DeSalvio, Resorts World New York
- City and State: Q&A with Robert DeSalvio
- News 12: Resorts World Casino Chief Speaks Out
- Blooloop: Resorts World New York City’s $5 Billion Transformation
- Q Gazette: Resorts World NYC to Prep Workforce for New Jobs
- Wikipedia: Resorts World New York City
- Google Search: Resorts World New York City
- Google Scholar: Resorts World New York City
- Encyclopedia Britannica: Resorts World New York City
- Google News: Resorts World New York
Author: STAFF HERE NEW YORK WRITER
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
