Questioning the Economic Benefits of a Another Casino in NYC
Over the past several months there have been multiple announcements of proposals to build a new casino in New York City. However, the economic benefit has recently been questioned, pointing out that previously authorized casinos in New York State have not “lived up to their promise” — citing Resorts World Catskills and Rivers Casino as examples. In addition, the potential of oversaturation exists should a casino rise next to Citi Field that would compete with the existing Resorts World in Ozone Park, Queens. Furthermore, it is anticipated that Midtown Manhattan’s local businesses that have been struggling since the pandemic “will not benefit from a casino nearby” due to the likelihood that tourist dollars will shift to the casino should one open in Hudson Yards or Times Square.