{"id":895234,"date":"2025-09-26T08:57:14","date_gmt":"2025-09-26T15:57:14","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/shop\/?p=895234"},"modified":"2025-09-26T08:57:18","modified_gmt":"2025-09-26T15:57:18","slug":"mgm-genting-advance-in-nyc","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/blog\/mgm-genting-advance-in-nyc\/","title":{"rendered":"MGM, Genting Advance in NYC"},"content":{"rendered":"\n

Right off the top,<\/strong> let’s congratulate Genting Group<\/strong> and MGM Resorts International<\/strong> for both being tapped\u2014unanimously<\/a>\u2014by their community advisory committees. Both now advance to Albany<\/strong> for the final selection round, an agony that state Sen. Joseph Addabbo<\/strong> (D) is trying to drag into 2026. Enough already!<\/p>\n\n\n\n\n\n\n\n

Few wanted to say it, but this was life or death for both Resorts World New York City<\/strong> and MGM Empire City<\/strong>. Without an infusion of Class III slot machines and table games, the fate of the two racinos would be sealed. Not right away, perhaps, but attrition to a Class III-powered rival would be unpleasant … and avoidable. The virtues of incumbency were considerable, not least that New York City<\/strong> denizens had gotten used to them <\/a>and generally liked what they saw. (Community support for Resorts World was across the boar<\/a>d, in particular.) By contrast, the sudden imposition of a megaresort into the midst of Manhattan <\/strong>was a most unwelcome idea.<\/p>\n\n\n

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As everyone expected from the get-go, the contest now becomes a throwdown of multiple contenders for one license. Don’t get your hopes up for The Coney<\/strong>. Its goose was cooked earlier this week when two-third of its CAC publicly voiced their opposition. Thanks for playing, Thor Equities<\/strong>, and don’t let the doorknob hit you in the butt. Bally’s New York<\/strong>, once a distant long shot, is still very much alive, however. There’s more community opposition to it than faced by MGM (little) and Genting (none), so Soo Kim<\/strong> can’t pop the champagne just yet, even if Mayor Eric Adams<\/strong> (R) is going to get the Trump Organization<\/strong> its $115 million kickback if it kills him.<\/p>\n\n\n\n

Also very viable is Metropolitan Park<\/strong>, the alliance between New York Mets<\/strong> owner Steve Cohen<\/strong> and Hard Rock International<\/strong>. The latter has the best brand name in gaming and (compared to Bally’s Corp<\/strong>. especially) an impressive track record of ground-up casino creation. Also, the idea of synergizing a ballpark and a casino is very much in vogue these days. Finally, power brokers are lining up behind it, including state Sen. Jessica Ramos<\/strong> (D), who has done an about-face on her opposition. Throw in the size of Cohen’s planned investment ($8 billion) and this is still the favorite to grab License #3. Throw in Bally’s lack of credible financing for its Bronx proposal and Cohen looks like a much better bet to get the job done.<\/p>\n\n\n

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As for Adams and Gov. Kathy Hochul<\/strong> (D), if their surrogates on the Coney Island<\/strong> CAC vote as expected, they will be giving the finger to the public. Coney Islanders have been overwhelmingly against the Thor project, and both Hochul and Adams would have to be politically deaf\u2014if not suicidal\u2014to try and impose it on them at this late date. Those two worthies have consistently failed to read the room throughout the CAC process and, had eight casino pitches been advanced to Albany via rubber-stamping at the community level, there’s no way this gets done expeditiously.<\/p>\n\n\n\n

The biggest obstacle remaining between Genting and MGM is New York State Gaming Commission<\/strong> Chairman Brian O’Dwyer.<\/strong> He’s been making baleful noises<\/a> about possible regulatory approval. Both companies got caught back in Nevada with their mitts in the money-laundering cookie jar. New York State<\/strong> has a chance to send a stronger message on that front than either the federal government on the Nevada Gaming Commission<\/strong> did. Will O’Dwyer keep the two companies away from the brass ring? Probably not but he’s in an excellent position to make them squirm.<\/p>\n\n\n

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You know “event contracts”<\/strong> are a thing when South Park<\/em> sends them up as the centerpiece to its latest episode. Their ubiquity and tastlessness (“The Palestinians and the Jews are not two football teams you bet on!<\/em>“) was deftly skewered on the Comedy Central<\/strong> mainstay. Don’t take our word for it: Stream it now. It’s a sad day for legacy news media when South Park <\/em>can explain prediction markets with far more clarity than the MSM can.<\/p>\n\n\n\n

Smoke and mirrors.<\/strong> Bad news for clean-air advocates: Their voice in New Jersey<\/strong>, gubernatorial candidate Mikie Sherrill<\/strong> has\u2014in true Democratic Party fashion\u2014frittered away a seven-point lead on opponent Jack Ciattarelli<\/strong> (R). The latter favors keeping the smoky status quo in Atlantic City<\/strong>, which could calcify into permanence if he’s elected. But, as hot-button issues go, smoking in the casino is nothing compared to high electrical bills and property taxes, as far as Garden State voters are concerned.<\/p>\n\n\n

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Gridiron Grumbles:<\/strong> In the spirit of charity, let’s leave the Las Vegas Raiders<\/strong> out of this. Our apologies to everyone who watched that dog of a game last night on Thursday Night Football<\/em>. After three quarters of utter ineptitude, the Arizona Cardinals<\/strong> finally showed up to play in the fourth frame. Meanwhile, the vaunted Seattle Seahawks <\/strong>defense coughed up a 17-point lead, helped by some boneheaded decisions on offense. The agony went to overtime and never should have, with the Seahawks escaping town by dint of a long field goal. The Athletic<\/em> had the nerve to call it a “late-night NFL<\/strong> classic,<\/em>” which suggests that standards have fallen precipitously. If that was a classic, we’re Slingin’ Sammy Baugh<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Right off the top, let’s congratulate Genting Group and MGM Resorts International for both being tapped\u2014unanimously\u2014by their community advisory committees. Both now advance to Albany for the final selection round, an agony that state Sen. Joseph Addabbo (D) is trying to drag into 2026. Enough already!<\/p>\n","protected":false},"author":83928,"featured_media":890356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1728],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.lasvegasadvisor.com\/shop\/wp-content\/uploads\/2025\/07\/Resorts-World-NYC.jpg?fit=1363%2C590&ssl=1","_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/895234"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/users\/83928"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/comments?post=895234"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/895234\/revisions"}],"predecessor-version":[{"id":895236,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/895234\/revisions\/895236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media\/890356"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media?parent=895234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/categories?post=895234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/tags?post=895234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}