Tag Archives: New York
New York’s online sports betting revenues up 21 per cent in 2023
New York’s online sports betting revenue reached $1.76bn in 2023, up 20.6 per cent, with bettors in the Empire State placing $19.64bn of online bets, up 19.8 per cent from last year’s figure. The market was once again led by FanDuel and DraftKings. FanDuel processed $8.10bn in online bets producing revenue of $845.8m whilst DraftKings…
US – Related Companies updates $12bn casino blueprint for Hudson Yard
Related Companies, who is partnering with Wynn Resorts in a bid to develop a casino complex in New York City’s Hudson Yards, has revealed further details behind its $12bn plan. The development’s blueprint includes a 2.6 million-square-foot casino and hotel resort, complemented by retail outlets, conference spaces, and an 80-story skyscraper. It hopes to transform…
US – Online gaming omitted from New York’s budget despite online betting being ‘game-changer in tax revenue’
Despite online sports betting being heralded as a ‘game-changer in tax revenue,’ New York State Governor Kathy Hochul didn’t include its vertical brother online gaming in her 2025 executive budget, delivering a huge blow to hopes that the revised gaming bill submitted last week by New York state senator Joseph Addabbo would make progress over the…
US – New York state senator Joseph Addabbo files new online gaming bill
New York state senator Joseph Addabbo has filed a new bill, which has been reffered to the New York Senate Racing, Gaming and Wagering Committee, aiming to legalise online gaming and internet lottery in the Big Apple. Three online gaming licences would be put out to tender. However, licences would also be on offer to…
US – New York beats personal best in sports betting for second consecutive month
New York continues to smash its personal best when it comes to generating handle from mobile sports betting with November setting a $2.1bn in handle. The combined handle for the fiscal year has now exceeded $12bn in total with FanDuel and DraftKings accounting for nearly 80 per cent of that total. Revenue has already surpassed $1bn. FanDuel’s share of…
US – MGM details plans to make MGM Empire City a fully-fledged casino
MGM Resorts International today unveiled its vision to transition Empire City Casino by MGM Resorts into a world-class entertainment destination, MGM Empire City, if awarded a commercial casino license for its historic Yonkers, New York site. Key elements of the phase one design include a comprehensive casino floor redevelopment and expansion, 5,000-capacity entertainment venue, state-of-the-art BetMGM sportsbook,…
US – Sands looking to build the third biggest casino in the US in New York
Las Vegas Sands is looking to build the third biggest casino in the US if it wins approval to develop a 72-acre site into the Mitchel Field Integrated Resort District around Nassau Coliseum. The proposed square footage for the Sands New York casino has been detailed as 396,726, meaning it would only be smaller than WinStar World…
US – CBRE pitches revenue for a New York City casino at $2bn
A casino in New York City could generate as much as $2bn in revenue annually and $600m in operating profit according to the commercial real estate services firm, CBRE. New York’s existing racinos are considered frontrunners in the process. Granting licences to the two would only necessitate raising their existing gambling options, putting Genting Group’s…
US – Parx Casino owner joins race for New York casino with Silverstein Properties
Greenwood Gaming, owner of Parx Casino, has joined the race for a New York casino licence, in a partnership with Silverstein Properties, a national real estate investment, development, and management firm. They have announced plans to develop the Avenir, a hotel, casino, entertainment, and residential complex on vacant land on Manhattan’s far West Side. The…
