The New York State Gaming Commission approved licenses for three of the state’s first fully commercial casinos, signaling a major boost for the city’s gaming industry. Former President Donald Trump and billionaire Steve Cohen are among those set to benefit.
The approved casinos include Hard Rock International’s Metropolitan Park, Bally Corp’s Bronx location, and Genting Group’s Resorts World New York City. Steve Cohen, owner of the New York Mets, joined forces with Hard Rock International to build the $8 billion Metropolitan Park casino in Flushing, Queens. They plan to finish construction by 2030.
Bally’s will develop a $4 billion casino in the Bronx, near a former golf course owned by Donald Trump. Under the agreement between Bally’s and the Trump Organization, Trump will receive $115 million from the project.
New York expects these casinos to generate $1.5 billion in licensing fees and $7 billion in tax revenue by 2036, providing a long-term boost to the state economy.
These new developments signal a new era for New York’s gaming sector. They promise investment opportunities, tourism growth, and local job creation. As construction advances, the state anticipates lasting economic benefits from these commercial casinos.
