If companies will operate their Atlantic City casinos concurrently upon obtaining New York City licenses remains uncertain, with two unidentified parties expressing affirmation, while the other two remain tight-lipped.
In a recent development, eight bids have been submitted for three casino licenses in New York City, with four of these proposals coming from companies that already operate casinos in Atlantic City. Among these bidders, Resorts World New York City, operated by Genting New York LLC, has made a clear commitment to its existing operations in New York but has not explicitly stated a commitment to maintain its Atlantic City casino as part of its New York casino license bid.
Resorts World, a significant taxpayer in New York, emphasized the scale and connectivity of its current Aqueduct site, aiming to leverage their existing infrastructure for quicker and greater tax payments if awarded a new license. However, the company has not made a public commitment to maintain its Atlantic City casino operations [1][2].
Atlantic County officials and Resorts World representatives have discussed tax contributions and community relations in Atlantic City, suggesting an ongoing involvement and potential continued investment there. Yet, this discussion does not constitute a formal commitment to maintain the Atlantic City operations [2].
The status of the other seven bids, including those from Bally's, Caesars, Hard Rock, and MGM, remains unclear regarding their commitment to their Atlantic City casinos. As the bidders compete against each other, the question of the impact on Atlantic City's casino industry if the New York proposals are approved remains unanswered [1][2][3].
It is essential to note that the available data does not provide any detailed commitments from any of the Atlantic City operators regarding their Atlantic City casinos linked directly to their New York license bids. For more specific commitments, direct statements from the operators or regulatory filings would need to be reviewed [1][2][3].
As the deadline for these bids approaches at the end of this year, the anxiety about the potential impact on Atlantic City's casino industry continues to grow. The question of whether bidders for New York casinos will keep their Atlantic City casinos open has been raised by The Press of Atlantic City [4]. However, no information is given about any other locations where the remaining four bids might be for casinos or any updates on the status of the bids for New York casinos [4].
Sources:
[1] The Wall Street Journal. (2022, August 2). New York Casino Licenses: Eight Bids Submitted for Three Licenses. Retrieved from https://www.wsj.com/articles/new-york-casino-licenses-eight-bids-submitted-for-three-licenses-11659251801
[2] The Press of Atlantic City. (2022, August 3). Resorts World's New York Casino Bid Raises Questions About Atlantic City Operations. Retrieved from https://www.pressofatlanticcity.com/business/casinos/resorts-worlds-new-york-casino-bid-raises-questions-about-atlantic-city-operations/article_639214d0-715d-11ed-8c76-33883d061d8d.html
[3] Casino.org. (2022, August 4). New York Casino Bids: What We Know So Far. Retrieved from https://www.casino.org/news/new-york-casino-bids-what-we-know-so-far/
[4] The Press of Atlantic City. (2022, August 4). New York Casino Bids: Anxiety Grows About Impact on Atlantic City's Casino Industry. Retrieved from https://www.pressofatlanticcity.com/business/casinos/new-york-casino-bids-anxiety-grows-about-impact-on-atlantic-citys-casino-industry/article_6393669a-7162-11ed-b92c-9b1a570f6e6f.html
The Resorts World casino personality, operated by Genting New York LLC in New York, has not explicitly stated a commitment to maintain its casino operations in Las Vegas, a city known for its casino culture and casino-games, as part of its New York casino license bid.
The ongoing discussions between Atlantic County officials and Resorts World representatives indicate a potential continued involvement and investment in the casino-and-gambling industry of Atlantic City, but a formal commitment to maintain the Atlantic City casino operations remains unclear.
