New York casino licence holders advance projects worth up to $8bn
Three New York casino licence holders are moving towards development and financing of projects in New York City, according to the report. It puts the proposed developments at $5.5 billion for Resorts World NYC, $4 billion for Bally’s Bronx and $8 billion for Metropolitan Park, and says each licence holder paid a $500 million registration fee. The report also notes differing tax rates and ongoing discussions over a gaming agreement with the Seneca Nation.
Project costs, licence fees and differing tax rates shape the investment and operating plans of New York casino licensees.