By SectorWire desk ·
The report said that Genting began the $5.5bn second phase of Resorts World New York City’s redevelopment. Plans include two hotel components and an arena with 7,000 seats, alongside gaming and hospitality facilities.
The construction phase expands the property’s planned accommodation, entertainment and gaming capacity.
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The reopened floor increases the casino’s capacity ahead of broader redevelopment.
Operators are seeking time for existing reforms while expressing concern about further tax changes.
Investors gain an EBITDA forecast tied to gradual gaming expansion at Resorts World New York City.
The opening increases slot capacity while the resort prepares further expansion.
The expanded gaming area increases the property’s slot machine capacity.