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Resorts World New York City pledges $2.5bn to MTA ahead of casino decision

Licences & markets

Resorts World New York City (RWNYC) said it pledged $2.5 billion to the Metropolitan Transportation Authority over four years as it seeks a downstate casino licence. The company said the projected total comprises $600 million in upfront licence fees and $1.9 billion in tax payments. The Gaming Facility Location Board expected to recommend bids by 1 December, with the New York State Gaming Commission due to issue licences by 31 December.

The pledged payments support RWNYC’s casino bid and comprise licence fees and taxes, pending licensing decisions.

Earlier licence decisions by NYSGC

DateCompanyAmountStoryAppeal status
Bally’sNot statedNew York casino board reviews three downstate licence applicationsNot stated
Caesars Entertainment, Resorts WorldNot statedNew York casino bidders enlist celebrities as three downstate licences near decisionNot stated
Caesars Entertainment, SL Green RealtyNot statedNew York gaming commission receives eight bids for up to three casino licencesNot stated
MGM ResortsUSD 2,300,000,000MGM Yonkers applies for New York commercial casino licenceNot stated
Caesars Entertainment, Wyndham Hotels & ResortsNot statedCaesars gains support for Times Square casino bid from Wyndham and venuesNot stated

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