Genting’s Resorts World Bet will stop taking deposits and wagers in New York on 16 June 2025 and close on 30 June, the company told customers. Customers were asked to request withdrawals by 22 June to allow them to be processed before closure; the source said the decision would not affect Genting’s casino plans in the state.
The closure removes one licensed mobile sports betting operator from New York’s market.
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New York gambling regulators set 27 June 2025 as the deadline for applications for three downstate casino licences, with eight contenders remaining, according to the report. Successful applicants are expected to be announced by year-end and must commit at least $1 billion, including a $500 million licence fee and a minimum $500 million investment.
New York mobile sports wagering recorded $2.25bn in June, its highest monthly total since launch, according to the report. The figure was 37% higher than in June a year earlier.
New York’s commercial full-service casinos generated $55.1m in June, a 2.2% year-on-year decline from $56.4m, according to figures attributed to the New York State Gaming Commission. Slot and electronic gaming terminal revenue rose 1.7% to $41.8m, while table-game revenue fell 16.8% to $11.8m.
Resorts World Bet will leave New York’s online sports betting market on 30 June 2025, the company said. It will accept deposits and wagers until 16 June and process withdrawals by 22 June; customers with balances remaining after the platform closes should contact the company.
Maybank Investment Bank analyst Samuel Yin Shao Yang said the three remaining downstate New York casino bids were highly likely to win licences, while naming Genting Malaysia’s Resorts World New York City proposal as the frontrunner. The bid pledges a $600m licence fee, and the analyst said its existing site could support an earlier opening than rival proposals. The Gaming Facility Location Board is reviewing the bids before recommendations go to the New York State Gaming Commission.