If approved, the state Gaming Commission would establish a bidding process to apply for the licenses, similar to how four upstate casinos were picked in 2014.

Setting off high-stakes negotiations among casino giants to get a foothold in New York City - the largest untapped gambling market in the nation. Kathy Hochul proposed a state budget last month that would move up the timeline, State law does not allow the new licenses to be given out until 2023, but Gov. So if we can do a conversion, then it’s a slam dunk for Genting and MGM.” The Group employs more than 60,000 people worldwide while offering an unparalleled resort experience to over 50 million visitors a year worldwide.“We’re looking more toward conversion: if you can convert an existing facility to a full-fledged casino, then that would be acceptable,” said Assembly Racing and Wagering Chair Gary Pretlow (D-Mount Vernon). The Genting Group has five public companies listed on the stock exchanges of Malaysia, Singapore, and Hong Kong, with a combined market capitalization of US$45 billion. In addition to Destination Resorts, the Genting Group has global investments in plantations, power generation, oil and gas, real estate, cruise, leisure, and other industries. Genting is a member of The Genting Group, the world’s largest Destination Resort operator with Resorts World branded properties in Malaysia, Singapore, Manila, and New York City. The Casino is operated by Genting New York LLC d/b/a Resorts World New York City, a member of the Genting Group, a group of companies founded in 1965, operating destination resorts in Malaysia, Singapore, the United Kingdom, the Bahamas, and the United States. Conveniently located minutes away from JFK Airport, it’s easily accessible by the A Train, Q37 bus, and LIRR to Jamaica Station. Times Square Casino and Fifth Avenue Casino include several high-limit rooms for Platinum and Black Card members. The property features two unique levels of gaming. This property provides an unparalleled gaming and entertainment experience while generating over $3 billion for the State’s education system. Resorts World New York City (RWNYC) is the only casino in NYC, offering over 6,500 Slot Machines and Electronic Table Games to 10 million guests annually. About the Casino and Genting Resorts World New York City

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