Bally’s Bronx, Resorts World NYC and Metropolitan Park advance toward development in landmark expansion of New York’s casino market
New York State has formally cleared the way for three downstate casino projects after the State Gaming Commission granted final approval to all selected proposals, bringing to an end a prolonged and politically sensitive process that has stretched over more than a decade.
The Commission’s decision follows the New York State Gaming Facility Location Board’s recommendation on 1 December to award licences to Bally’s Bronx, Resorts World New York City, and Metropolitan Park. With the approval now confirmed, the state’s long-running effort to expand casino gaming in New York City and surrounding boroughs moves into the implementation phase.
Commission Chair Brian O’Dwyer welcomed the outcome, highlighting the anticipated economic and employment benefits. According to state projections, the three casinos are expected to generate around $1bn annually in gaming tax revenue by 2036, alongside approximately $7bn in incremental tax income between 2027 and 2036. In addition, the state will collect $1.5bn in licensing fees from the successful bidders.
To ensure that promised community benefits are delivered, each licensee will be required to appoint an independent external monitor. These monitors will oversee compliance with commitments made in areas such as local hiring, infrastructure investment and community development. The approved tax framework sets minimum rates of 25% on slot revenue and 10% on table games.
Two of the projects, Resorts World NYC, a $5.5bn expansion of Genting Group’s existing facility at Aqueduct Racetrack, and Bally’s Bronx, planned for the Bally’s Links golf course, have been awarded 15-year licences. Metropolitan Park, located adjacent to Citi Field in Queens and backed by New York Mets owner Steve Cohen in partnership with Hard Rock Entertainment, received a 20-year licence in recognition of its long-term investment plan.
Metropolitan Park is projected to generate $3.9bn in annual revenue once fully operational, contributing an estimated $850m per year in tax receipts. Hard Rock International Chair Jim Allen said the approval confirms the project’s potential to deliver significant economic value to Queens and the wider region.
The selection process saw several high-profile proposals fall away, including a Times Square project backed by Caesars and Jay-Z, and an ultimately withdrawn bid from MGM Resorts. Despite two casinos being located in Queens, regulators expressed confidence that New York’s population and tourism volumes can support all three developments.
Resorts World NYC is expected to open first, in March 2026, with Bally’s Bronx and Metropolitan Park scheduled to follow in 2030, marking a transformative period for New York’s gaming landscape.
