New York City’s only casino, Resorts World New York City, is having a major impact on casinos in neighbouring states. There are several reasons for this among them is the fact that the casino’s location in Queens means that players can access it easily by using various methods of local transportation. Another reason is that Resorts World Casino is now the highest earning slot machine venue in the United States which surpasses slot machine income in any of Atlantic City’s casinos.
Resorts World Casino was opened in the autumn of 2011 by the Genting group. The casino has over 4500 electronic slot machines and almost 500 electronic table games including baccarat, roulette and craps. There are no live dealers in the casino as these are prohibited by gambling legislation in the state. Resorts World is located in the Aqueduct horse racing track and is in easy reach of a large population which prefers to travel a short distance or to stay local to gamble. In just a year the casino has recently had its ten millionth client. Resorts World Casino has brought in over 600 million dollars from slot machines in the twelve months since it opened. The average income from each electronic slot machine in Resorts World Casino is around 200 dollars more per day than the average income from a slot machine in Las Vegas.
The state of New York has greatly benefited in the area of tax revenue from the very high level of slot machine income in Resorts World. The rate of tax imposed on slot machine establishments is the highest in the country at about 60 per cent. Most of this slot machine tax revenue is spent on education. The local economy has also benefited as the casino provides employment for around 3000 people.The success of the Resorts World casino’s attraction to players from New York and surrounding areas is having a detrimental affect on the casinos in Atlantic City and Connecticut and even on the income levels of rival race track slot machine gaming establishments. Casino revenue in Atlantic City has dropped by about a third over the last year and the Mohegan Sun Casino resort in Connecticut has let over 300 employees go recently due to competition from Resorts World and also to the downturn in the economy. In comparison revenue at Resorts World is up.