The New York State Gaming Commission approved three casino licenses for New York City yesterday. Genting Group’s Resorts World in Queens got the first approval. The company already runs a racino at the site.
Metropolitan Park received the second licence. That’s the Queens project backed by Mets owner Steve Cohen and Hard Rock International. Bally’s won the third spot with its Bronx proposal at Ferry Point Park.
Gaming Facility Location Board chair Brian O’Dwyer said the commission picked these three from eight original applications. The selection process took months and included local advisory panels plus public hearings.
Why Regulators Are Watching Closely
New York expects billions in tax revenue from these casinos. Governor Kathy Hochul said the money will fund public schools and the Metropolitan Transportation Authority. The state also wants tens of thousands of jobs created.
But regulators aren’t just handing out licenses and walking away.
O’Dwyer announced an independent monitor will track each project quarterly for five years. The commission plans to verify every promise made during applications. That includes job numbers, infrastructure improvements, and community benefits.
This level of oversight is unusual. It signals that New York learned from other states where casino operators didn’t deliver on commitments.
What Happens Next for Operators
Resorts World could launch full casino operations by spring 2025. The company’s been running slot machines and electronic table games for years. Adding live dealers and traditional casino games won’t require major construction.
Metropolitan Park faces a different situation. Local opposition emerged during the approval process, with protesters citing traffic concerns and public safety issues. Some groups indicated they might file legal challenges.
The Bally’s Bronx project involves redeveloping the former Ferry Point golf course. The deal includes a $115 million payment tied to previous site management arrangements. That’s a substantial upfront cost before construction even starts.
How This Changes New York’s Gaming Market
Three new casinos will reshape downstate gambling. New York City has been sending players to casinos in Connecticut and New Jersey for decades. Those neighbouring states captured billions in revenue that could’ve stayed local.
The quarterly monitoring system sets a precedent. Other states typically check in annually, if at all. New York’s approach puts constant pressure on operators to meet their pledged commitments.
And the Metropolitan Park opposition shows that local approval matters. Having a license doesn’t guarantee smooth operations. Community relations will affect each project’s success beyond the regulatory requirements.
The commission made clear that operators who fall short on promises will face consequences. What those consequences look like remains to be seen.
