RWNYC Bets on $2.5B MTA Boost, Emerges as Frontrunner for NY Casino License

NEW YORK, NY – October 31, 2025

Casino Giant Projects Billions for Transit, Outpaces MTA Budget

Resorts World New York City (RWNYC) is aggressively positioning itself as a financial lifeline for the Metropolitan Transportation Authority (MTA), projecting a $2.5 billion contribution over the next four years – exceeding the MTA’s current $1.8 billion budget for casino revenue. The ambitious forecast hinges on securing a full casino license by the end of the month, but the path appears increasingly clear following the withdrawal of competitor MGM Yonkers from the bidding process. The company is emphasizing its readiness to deliver a steady revenue stream to the beleaguered transit system at a time when funding is critical.

“We are confident in our ability to not only meet but exceed expectations for the MTA, providing much-needed stability and improvements to a vital public service,” a company spokesperson said. “We’ve been a consistent contributor to the state for years and are prepared to take that commitment to the next level.”

The Shifting Downstate Casino Landscape

The withdrawal of MGM Yonkers significantly alters the landscape of the downstate casino race, leaving RWNYC as a clear frontrunner. MGM cited shifting market conditions and a reduced license term as reasons for its decision, a move that analysts say streamlines the process for state regulators. “MGM’s exit removes a significant player and allows the Gaming Facility Location Board to focus its evaluation on the remaining contenders,” explained one industry observer. “RWNYC’s established presence and existing infrastructure give it a considerable advantage.”

While Bally’s proposed project in the Bronx remains in contention, RWNYC’s operational status and proven track record place it in a strong position to secure one of the coveted licenses. The company has already invested over $1.1 billion in its Queens facility, including a 400-room Hyatt Regency hotel, demonstrating its commitment to long-term growth and development.

Beyond Transit: Economic Impact and Community Investment

RWNYC’s projections extend far beyond MTA funding. The company anticipates creating approximately 5,000 permanent jobs and 5,000 construction jobs, injecting billions into the local economy. A significant portion of these jobs are expected to be filled by residents of Queens, providing much-needed employment opportunities. “This isn’t just about revenue for the MTA,” emphasized a local community leader. “It's about creating jobs, supporting local businesses, and investing in the future of our community.”

Furthermore, RWNYC has pledged $1.5 billion for community investment, including affordable housing initiatives and support for local organizations. The company’s philanthropic arm, RW Gives, has already invested over $5 million in hundreds of community programs. “We are committed to being a responsible corporate citizen and giving back to the community that has supported us for so many years,” stated another company spokesperson.

However, community members are also carefully weighing the potential impacts of casino expansion, including increased traffic, potential strain on local services, and concerns about problem gambling. RWNYC has engaged in ongoing dialogue with community boards and local officials to address these concerns and ensure that the expansion benefits all stakeholders.

License Decision Looms as Deadline Approaches

The New York State Gaming Facility Location Board is expected to make its final decision on the downstate casino licenses by the end of December. The Board will consider a variety of factors, including economic impact, community support, and the financial stability of the applicants. While the process is complex and subject to potential legal challenges, RWNYC appears well-positioned to secure one of the coveted licenses.

“We are confident that our proposal represents the best path forward for the MTA, the community, and the state as a whole,” a company representative said. “We are eager to move forward and begin delivering the economic benefits and public services that we have promised.”

The MTA, facing persistent budget deficits and aging infrastructure, is closely watching the process, hoping that RWNYC’s projections materialize. A steady stream of revenue from a full-scale casino would provide much-needed stability and allow the agency to invest in vital improvements to the transit system.