Wynn Resorts said on 19 May that it had withdrawn from the competition for one of three downstate New York casino licences. The company cited rezoning difficulties and political opposition to its planned Hudson Yards resort, developed with Related Companies.
Wynn’s withdrawal removes a Hudson Yards proposal from competition for New York’s downstate licences.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
Caesars Entertainment, SL Green Realty and Roc Nation revealed interior renderings for their proposed Times Square casino in New York. The developers put the project cost at $5.4 billion and forecast more than $7 billion in tax revenue over its first decade if approved; the proposal remains among eight bids for downstate casino licences.
New York Governor Kathy Hochul signed legislation allowing the Bronx site to be used for commercial purposes, advancing Bally’s casino proposal. The company still needs zoning, environmental and community advisory approvals; casino licence applications are due on 27 June, with decisions expected by year-end.
Bally’s chairman Soo Kim said the Trump Organization’s potential payment under a deal tied to the Ferry Point site was contributing to resistance to the company’s Bronx casino proposal. A city council spokesperson said work on the required home-rule messages had not been completed for the legislative session.
US District Judge Lorna G. Schofield questioned the CFTC's prospects of securing a preliminary injunction to prevent New York from enforcing gambling laws against event-contract platforms. At a 14 September hearing, the agency argued that the contracts fall under its exclusive authority; New York, the American Gaming Association and 44 state attorneys general oppose that position. Federal appeals courts have issued conflicting rulings, and the Supreme Court has been asked to resolve the dispute.
The Second Circuit declined Kalshi's request for an injunction barring New York authorities from enforcing gambling laws against the company. The court referred the motion onward, the report said. The ruling came in the same week that a Wisconsin judge sided against the CFTC and Kalshi.