Four Casino Bids Advance in New York’s Competitive License Race

New York’s Casino License Race Narrows to Four Finalists

The competition for three coveted casino licenses in downstate New York has intensified, now focusing on just four candidates. These contenders have active proposals in Queens, the Bronx, and Yonkers, advancing after recent crucial community panel votes. This latest development resulted in the elimination of several well-known projects in Manhattan and a plan for Coney Island.

Metropolitan Park and Resorts World Lead the Charge

One of the largest proposals still in contention is Mets owner Steve Cohen’s $8 billion “Metropolitan Park” project, which recently received unanimous support in a local review. Partnering with Hard Rock International, the project plans to transform 50 acres of parking near Citi Field into a sprawling entertainment hub. The development would include a 25-acre public park, a 5,600-seat event venue, enhancements to the Willets Point subway station, and hundreds of affordable housing units in the nearby Corona neighborhood. Advocates highlight the project’s potential to generate $850 million in annual tax revenue by its third year.

Also moving forward is Resorts World in Jamaica, Queens, which secured full approval for its $5.5 billion expansion. Currently operating as a racino at Aqueduct, the plan includes adding table games, a 7,000-seat theater, and a sports and media academy connected to NBA champion Kenny Smith. The development promises to create numerous jobs, with Queens-born rapper Nas endorsing the project for its benefits to working families.

Bally’s Bronx Proposal and MGM’s Yonkers Racino Round Out Finalists

In the Bronx, Bally’s continues to pursue its $4 billion casino project on the Ferry Point golf course site. The proposal features a casino, a 500-room hotel, retail outlets, a spa, and an event center. Although the City Council initially rejected the land use application, Mayor Eric Adams vetoed that decision, giving Bally’s a second chance. Observers note Bally’s influential city hall ties and a financial arrangement involving the Trump Organization, which may receive significant payments if the site is selected.

Completing the group is MGM’s Empire City Casino in Yonkers, which operates as a racino and is considered a strong contender for a full casino license. Experts believe MGM’s existing customer base and stable revenue position it well to secure one of the three licenses. With all Manhattan proposals now eliminated, attention turns to Albany, where the New York State Gaming Commission is expected to announce the winners by the year’s end.