New York casino bidders revise proposals after MGM withdrawal
Genting Group, Bally’s Corporation and the Steve Cohen–Hard Rock International partnership strengthened their bids for downstate New York casino licences, reportedly this week. Genting proposed $5.5bn in development investment and $2bn for community benefits; Bally’s set out a $4bn plan, while Hard Rock and Cohen proposed an $8.1bn development. The New York State Gaming Facility Location Board is evaluating proposals for up to three licences.
Operators’ revised proposals set out competing investment, community-benefit and development plans as New York evaluates up to three licences.