Genting Pledges $1 Billion in Taxes to Win N.Y. Casino License – Bloomberg
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The owner of the Resorts World casino in New York City said an expansion of its gambling offering there would lift its tax payments to the state by $1 billion annually.
Genting Malaysia Bhd, which operates the resort in Queens, is seeking one of the three new casino licenses officials are considering for the New York City area. The property paid more than $600 million in taxes and other levies last year, according to a spokesman for the casino giant.
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