Estimated annual tax revenue: USD 430 M

New York to crown winners of casino license tomorrow

2014-12-16
Reading time 49 seg
(US).- New York, the largest state to allow non-Indian casinos, will decide tomorrow on whom they will award the first-ever full scale casino license and the duel is between Genting and Caesars Entertainment. The license will enable the winner to build a casino resort just one hour away from the center of New York with a potential customer base of 8.4 million residents.

On December 17 all sixteen bidders in the process, which includes Empire Resorts, Penn National Gaming, Full House Resorts and Churchill Downs are all vying for the four licenses of varying scale which are up for grabs. However, Caesars and Genting for the large prize, which is located just 50 miles from New York City in the Catskill Mountains of the Orange County region.

Of the two large casino operators, Genting says it will not rely on local gamblers in New York but draw on their huge overseas Asian market to attract new income to the casino along with building more customers from their current Aqueduct Racetrack in New York City’s Queens borough.

Caesars, meanwhile, said it would draw on its list of 45 million gamblers as well as celebrity chefs such as Gordon Ramsay and Bobby Flay, to get attention for its US$ 880 million project.

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