Since the opening of Genting Malaysia Bhd’s Resorts World casino in New York City, the place has become very popular among the residents and tourists, and the popularity will be further increased by expanding the casino’s gambling offering. The state would also greatly benefit from enhanced offerings since it is estimated that the tax payments would be lifted by $1 billion annually.
New New York City licenses:
New York City will issue three new licenses to operators, and the Queens casino is one of those that will be considered for incorporation of the new gambling products. Only in 2023, the city generated over $600 million in taxes and levies, as the company’s spokesman claims.
If Genting gets a license, the company will continue to pay 67% of the revenue it earned from slot machines. That amount includes all administrative fees and expenses. However, not all taxes will be so high. Table games, such as roulette and blackjack will bring less money to the state, but the casino will benefit from incorporating them in its offering.
New games aren’t all that would be changed with t…