URGENT UPDATE: Resorts World New York City has just announced a groundbreaking plan to construct New York’s largest integrated resort, a transformative project estimated at $5.5 billion. Set to open by July 2026, this ambitious development promises to create up to 24,000 jobs and generate hundreds of millions in tax revenue for New York State and the Metropolitan Transportation Authority (MTA).
Located in Queens, the proposed resort will span a staggering 73 acres and feature a 5.6 million-square-foot entertainment hub. This facility is designed to include 6,000 slot machines, 800 gaming tables, and more than 2,000 hotel rooms. Additionally, it will house a 7,000-seat arena, over 30 food and beverage outlets, a luxurious spa, and extensive greenspace for the community.
During a presentation to the six-member Community Advisory Committee (CAC), Resorts World Chief Legal and Strategy Officer Kevin Jones emphasized the project’s low risk, stating, “When it comes to completion and operational risk, Resorts World New York City stands uniquely as almost risk-free.”
President of Genting Americas East, Robert DeSalvio, expressed pride in the company’s longstanding relationship with the Queens community, highlighting their commitment to creating good union jobs and supporting local initiatives. “What the Community Advisory Committee heard today was a vision for a transformative project that will be a game-changer for this borough, the city, and the state,” he stated.
Resorts World NYC has been a significant player in the local economy since its inception in 2011, having generated over $4.5 billion in revenue for New York’s public education system. The casino currently employs more than 1,000 team members with salaries averaging $80,000, significantly benefiting the local community.
The new resort project is more than just an entertainment venue; it aims to uplift the community by investing in essential infrastructure. The company has pledged $50 million in initial funding for the upcoming Resorts World Innovation Campus, which will feature a health and wellness center and a STEAM institute, further showcasing their commitment to local development.
Resorts World NYC is also known for its philanthropic efforts through Resorts World Gives, which has invested over $10 million in local arts, education, and environmental initiatives.
With all necessary land-use approvals in place, the company is poised to begin construction as soon as they receive a full commercial license. The project’s rapid development signifies a monumental shift in the local economic landscape, promising both immediate and long-term benefits for the people of Queens and beyond.
As this story develops, watch for updates on construction timelines and community engagement initiatives. This is a pivotal moment for Queens, promising to reshape the area’s economic future and enhance its vibrant cultural landscape.
Stay tuned for more developments on this groundbreaking project that could redefine entertainment in New York City.