{"id":2183156,"date":"2025-12-01T18:38:09","date_gmt":"2025-12-01T18:38:09","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2183156"},"modified":"2025-12-01T18:38:09","modified_gmt":"2025-12-01T18:38:09","slug":"steve-cohen-ballys-genting-win-approvals-for-nyc-casinos","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/steve-cohen-ballys-genting-win-approvals-for-nyc-casinos\/","title":{"rendered":"Steve Cohen, Bally’s, Genting Win Approvals For NYC Casinos"},"content":{"rendered":"

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Three multibillion-dollar developments anchored by New York City’s first full-scale casinos\u00a0can go forward after years of a political back-and-forth.\u00a0<\/p>\n

\n\n <\/picture>\n <\/div>\n

\n Courtesy of SHoP Architects\/Field Operations<\/span>\n <\/p>\n

\n A rendering of Steve Cohen and Hard Rock International’s casino proposal<\/span>\n <\/p>\n

The decision by the five-person\u00a0Gaming Facility Location Board\u00a0to approve\u00a0all three final applications was announced Monday. Final approval by the state Gaming Commission is expected by the end of the month.<\/p>\n

The biggest project is a casino complex proposed next to Citi Field<\/a> by\u00a0New York Mets<\/a> billionaire owner Steve Cohen<\/a> and Hard Rock International<\/a>. It\u00a0would cost $8B to build and include a Hard Rock hotel, parkland, bars and restaurants, and a nearly 6,000-seat live music venue.\u00a0<\/p>\n

Bally’s Corp.<\/a>\u00a0also got the go-ahead to build a $4B casino resort in the\u00a0East Bronx next to\u00a0its Ferry Point golf course, a project that would include a hotel, entertainment center and spa. The project would be the largest private development in the borough’s history \u2014 and its selection as a licensee is expected to net The Trump Organization<\/a> $115M as part of Bally’s deal to buy the land from\u00a0President Donald Trump’s family business in 2023.<\/p>\n

The third\u00a0project to receive penultimate approval is Resorts World’s plan to expand its gaming facility\u00a0next to the Aqueduct horse racing track in Southeast Queens. The $5.5B, 5.6M SF project, backed by Resorts World’s Malaysian parent, Genting Group<\/a>, would span 73 acres and include 2,000 hotel rooms, a 7,000-seat venue and more than 30 restaurants.\u00a0<\/p>\n

\n\"Placeholder\"\/\n <\/picture>\n <\/div>\n

\n Courtesy of Resorts World New York City\/Perkins Eastman<\/span>\n <\/p>\n

\n A rendering of the Resorts World New York City proposed casino complex<\/span>\n <\/p>\n

The process to get to this point began in 2022, when the state announced plans to offer three licenses for casinos in downstate New York following four upstate licenses being doled out in 2015<\/a>. Eight official bids were submitted this summer<\/a>, including three in Manhattan from major development groups.<\/p>\n

But half of those submissions were rejected by local community boards<\/a>, and a fifth \u2014 MGM Resorts’ proposal to expand its Empire City racino in Yonkers \u2014 was\u00a0surprisingly withdrawn<\/a> in October.\u00a0<\/p>\n

With final approval appearing to be a formality, each of the three casino developers will pay a $500M fee to secure the license then get to work building out developments that, combined, promise more than $17B in investment and roughly $8B in annual tax revenue.\u00a0<\/p>\n

Resorts World could start offering casino gaming at its existing facility as soon as this summer, Crain’s New York Business reported<\/a>. Work could begin on Cohen and Hard Rock’s Metropolitan Park by next month, and both it and Bally’s Ferry Point project\u00a0hope to\u00a0welcome gamblers by 2030.\u00a0<\/p>\n<\/p><\/div>\n

\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source www.bisnow.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Three multibillion-dollar developments anchored by New York City’s first full-scale casinos\u00a0can go forward after years of a political back-and-forth.\u00a0 Courtesy of SHoP Architects\/Field Operations A rendering of Steve Cohen and Hard Rock International’s casino proposal The decision by the five-person\u00a0Gaming Facility Location Board\u00a0to approve\u00a0all three final applications was announced Monday. Final approval by the state […]<\/p>\n","protected":false},"author":2,"featured_media":2183157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[348288,420805,357470,420807,420806,420803,420804,381885,420802],"class_list":["post-2183156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-ballys","tag-ballys-corp","tag-casinos","tag-ferry-point","tag-genting-group","tag-metropolitan-park","tag-nyc-casino","tag-resorts-world","tag-steve-cohen"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/12\/Steve-Cohen-Ballys-Genting-Win-Approvals-For-NYC-Casinos.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2183156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2183156"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2183156\/revisions"}],"predecessor-version":[{"id":2183158,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2183156\/revisions\/2183158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2183157"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2183156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2183156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2183156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}