Published on: March 25, 2026, 11:26h.
Updated on: March 25, 2026, 11:26h.
- Analysts believe this is the optimistic revenue forecast for the three casino licensees
- The majority of this projection hinges on gaming revenue, supplemented by non-gaming income
- The conservative revenue estimate stands at $4.7 billion annually
The trio of casino operators in New York City is poised to generate a staggering $5.6 billion in total annual revenue as their establishments commence operations in the future.
This optimistic revenue outlook comes from CBRE Institutional Research, which suggests that the period for ramping up operations for these venues should be limited to approximately three years due to current competition. This includes MGM Resorts International’s Empire City Casino in Yonkers, which has opted not to pursue a full casino license.
The three licensed operators in New York City consist of Genting, which manages Resorts World New York, alongside Bally’s and Hard Rock International. CBRE anticipates that all these venues could rise to rank among the top-grossing regional casinos in the United States.
The Downstate New York gaming market is notably underdeveloped, with significant potential for each project to emerge as top revenue-generating casinos in the regional sector,” states the research firm.
According to CBRE, around 70% of these casino hotels’ revenue is projected to come from gaming, estimating a base case of $4.7 billion in combined annual revenue, with a pessimistic view suggesting $4.1 billion.
Resorts World Positioned for Leadership
Genting’s Resorts World New York, located in Queens, is already one of the leading regional casinos in the nation. It is uniquely positioned since it is committing to a multi-billion dollar investment for its conversion without the need for constructing a new facility from the ground up, unlike its competitors Bally’s and Hard Rock.
CBRE indicated that Resorts World could potentially introduce table games within this year, while its complete transformation into an integrated resort is projected to wrap up by 2031. By expanding its offerings beyond slots this year, the venue may gain an advantage over its competitors.
The research highlights that Resorts World New York stands to benefit from its location in a busy area and its close access to two subway stations.
“RWNYC will benefit from having the existing casino infrastructure and a well-established customer base since the proposed project is an enlargement of the current facility rather than a new build,” notes CBRE. “Additionally, RWNYC is set to gain a competitive edge with its future comprehensive casino license.”
New York Casinos Are Not Las Vegas Replicas
Throughout the bidding process for New York City casinos, the term “Las Vegas-style casino” was often mentioned. However, while the three New York venues may ultimately aim to emulate the aesthetic of a Las Vegas integrated resort, CBRE emphasizes that the revenue distribution in New York will lean heavily towards gaming compared to that of Las Vegas.
“Unlike Las Vegas, where gaming makes up less than one-third of revenue for Strip properties, we do not foresee Downstate New York emulating the Vegas model — these will primarily be gaming-centric establishments, particularly given the more favorable margins associated with gaming compared to hotel or ancillary revenue,” explains the research firm.
CBRE further points out that the penetration of table games at all three New York casinos is anticipated to rank among the highest in regional casinos across the United States.