Following MGM Resorts International’s withdrawal from the competition, three major players Genting Group, Bally’s Corporation, and the partnership between Steve Cohen and Hard Rock International have strengthened their proposals to secure one of New York’s limited casino licences.
Genting, which operates Resorts World New York City in Queens, announced a $5.5 billion plan to transform its existing property into a full-scale integrated casino resort. The operator has also pledged an additional $2 billion for community and infrastructure benefits, highlighting its commitment to long-term local impact.
Bally’s Corporation has positioned its $4 billion Bronx project as a driver of economic revitalisation, envisioning a resort complex near its golf course that blends gaming, retail, hospitality, and entertainment. The company emphasises that the development will revitalise an underused area of the Bronx and generate sustainable employment opportunities.
Meanwhile, Hard Rock International and Mets owner Steve Cohen are advancing an $8.1 billion proposal known as Hard Rock Metropolitan Park, a massive entertainment district adjacent to Citi Field. The partners assert their plan will deliver the largest economic return, supported by strong tourism potential due to nearby sports and entertainment venues.
MGM’s exit underscores the volatility of the bidding process, influenced by shorter licence terms and shifting market conditions. With billions at stake, the New York State Gaming Facility Location Board faces mounting pressure to select projects that balance revenue generation, community benefit, and regulatory oversight.
