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CBRE projects New York City casino revenue of up to $5.6bn annually

Regulation

CBRE Institutional Research projected annual revenue of up to $5.6 billion for New York City’s three approved casino licensees. Its base case was $4.7 billion, while its lower scenario was $4.1 billion; the report estimated gaming would account for about 70% of revenue.

The projections give investors and operators scenarios for revenue and gaming’s share of the New York City casino market.

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