Resorts World New York prepares for expansion
Construction on the next phase of the huge resort is about to get started
In 2016, New York State decided that it was time to allow commercial casinos to operate inside its borders. Prior to that, only the state’s tribes were authorized due to federal compacts. There are now four commercial casinos in the state and they have all been thriving. One has been doing so well that it is about to spend $400 million to grow even larger and has announced the winning bid for the expansion construction.
Resorts World Casino is located in Jamaica Queens and is the only casino in the city. It draws ten million visitors each year and is ready to grow. The casino plans on adding 500,000 square feet to its existing property, which will include a ten-story, four-star hotel, conference and meeting rooms, retail spaces and a larger gaming area.
Plaza Construction was awarded the contract. The company has several other large projects in its portfolio, including the SkyRise Miami tower, which will be the tallest building in Florida when it is completed in 2023.
However, there may be a little difficulty coming. Plaza is owned by China Construction America, a subsidiary of China State Construction Engineering Corp. That company is owned by the Chinese government, which may ultimately find problems due to the ongoing US-China trade war.
Resorts World New York is owned by the Genting Group, a casino company out of Malaysia. In addition to its venue in New York, it is also building a Resorts World Las Vegas, which is located in front of Wynn Resorts.