October 31, 2024

Genting Pledges $1 Billion in Taxes to Win N.Y. Casino License – Bloomberg

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
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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