Published on: December 4, 2025, 02:17h.
Updated on: December 4, 2025, 02:23h.
- Regulators highlight Genting’s failure to disclose fines at three New York venues
- Licensing board expresses concern over company’s transparency
- Resorts World vows to develop a significant facility in Queens if the license is granted
As New York prepares to grant its first casino licenses for the downstate region, regulators have identified a potential hurdle for one of the bidders.
Resorts World New York City (RWNYC), a division of the international Genting Group, was one of three contenders recommended for licensing by the New York State Gaming Facility Location Board – alongside Bally’s Bronx and Hard Rock Metropolitan Park.
However, within the extensive selection report, there is a stern critique of Genting’s lack of transparency, which could impact the company adversely.
As part of the official bidding procedure, all casino applicants were mandated to disclose any disciplinary actions over the last five years involving them or any associated entities.
The report indicated that Genting failed to disclose “violations resulting in fines at Resorts World Catskills, Resorts World Hudson Valley, and its ongoing video lottery gaming establishment at Aqueduct (Queens).”
This means the operator did not inform New York regulators about disciplinary actions that were already documented with them.
$10.5 Million Penalty
The board further noted that while Genting reported one regulatory issue regarding Resorts World Las Vegas, it did so incompletely.
The operator “mentioned a settled disciplinary action involving Genting Berhad – RW Las Vegas LLC without offering full details,” according to the report.
This likely pertains to the $10.5 million fine levied against Resorts World Las Vegas by Nevada authorities in March 2025 due to multiple infractions related to illegal gambling and alleged non-compliance with anti-money laundering (AML) regulations.
Resorts World Las Vegas management allegedly allowed illegal bookmaker Mathew Bowyer to wager millions at the casino while failing to verify the source of his funds.
The report did not specify the offenses at the operators’ New York locations, such as the timelines, fine amounts, or regulatory findings associated with them. Moreover, there do not seem to be any public regulatory filings clarifying the nature of those fines.
Concerningly for Genting, the board stated it considered “this lack of transparency troubling” and advised that the commission “take this into account during its licensing assessment.”
Multibillion-Dollar Licensing Decision
Should Genting secure a license, it has committed to transforming the current Aqueduct video lottery facility into a 5.6-million-square-foot integrated resort boasting up to 800 gaming tables, thousands of slot machines, a 7,000-seat entertainment venue, and 2,000 hotel rooms.
The organization is ready to pay a $600 million licensing fee, as stated in its application, and anticipates contributing billions in state tax revenue in the years to come.
The New York State Gaming Commission is expected to make a decision by the end of 2025, according to its published schedule.